Financial de-regulation from the Reagan Administration in the 80's had the largest impact on the financial crisis of 2008.
Answer:
1. Which set of items in the accompanying list would move an economy from a point inside its production possibilities curve to a point on its production possibilities curve?
a. 1, 2, 5, and 6 only.
2. More than 75% of the world's income is earned by what percentage of the world's population?
d. 5%.
Explanation:
The above options are the solutions to the questions asked. In terms of the world's income, 5% of the world's population earns 75% of the world's income.
Answer:
a. Taking the train into Boston, Katie reviewed the meeting minutes.
Explanation:
This is the best way to rewrite this sentence in order to avoid the problem of the dangling modifier. A dangling modifier is a word or a phrase within a sentence that modifies a word that is not clearly stated. In this case, the original sentence makes it sound as if the meeting minutes were the ones taking the train into Boston. The reviewed sentence gets rid of this confusion.
Answer:
c. Hal’s lost wages at Burger Haven
Explanation:
The opportunity cost is the cost of the best alternaive rejected to perform the current project.
We must calculate the opportunity cost for each factor when needed. The most common example, if someone is using a place for a personnal project, the opportuniy cost will be the sum of:
The rent factor, the proceeds it could receive from the space
The labor factor, the salary it could recieve if it is working on a different project.
In this case, Hal only is resining to labor factor, so the opportunity cost for collegue is the lost wages at burger haven
