Accumulated Balance is given by :
Here,
n = time period = 30×12 = 360.
P = principal price = $250.
Putting all given values in above equation, we get :
Hence, this is the required solution.
The answer is The income effect.
Income effect is described as the change in demand of a service or good brought on by change in the income of a consumer.It is observed in two cases first is when income of person increases and second is when price of goods or service decreases.
The scenario given in the question is an example of second case as the price of burger was less than normal Steve perceived his income to be able to buy more product in same price
Answer:
Option C: Annual variations in investment are larger than annual variations in consumption
Explanation:
Investment
This is simply the act of buying or purchase of assets with the sole aim of increasing future income.
Investment risk
This is simply known as the likelihood of an investment will fail to pay the expected return or fail to pay a return at all.
Portfolio diversification
This act so as to limit the risk by spreading investment money among a wide range of investment tools.
Rate of return
This is simply known as the total return on an investment usually in percentage of the amount of money put into the investment.
I do believe that gifts to a spouse are exempt from any gift tax. So $0 is taxable.
Answer:
The correct option is A
Explanation:
Taobao is a online shopping market place in China but the website started to sale the counterfeit products which is a violation of the rights. So, the US representative blacklist the site. The reason for blacklist is to protect the national security as the counterfeit products if sold on the site then it would create problem for other online websites and which will create problem in the US trade.
