Answer:
The correct answer is option b.
Explanation:
A sole proprietorship can be defined as a business that is run by only one person. It is not a separate legal entity and is easy to form and the owner controls the whole business.
The disadvantage of a sole proprietorship is that there is an unlimited liability. There is no distinction between private and business assets. It does not have an unlimited life, with the death of owner it is generally shut down. The main source of capital is the owner.
Answer: pegged exchange rate
Explanation:
A pegged exchange rate also referred to as the fixed exchange rate, sometimes is an exchange rate regime type whereby the value of a currency is fixed by the monetary authority of a particular country against the value of the currency of another country.
This is the type of exchange rate used by the Chinese government in the question above.
Answer:
d. Time of the year
Explanation:
The<em> time of the year</em> reflects on fruit production (season growth). As most seasonal goods, its price varies drastically from the in-season period to the time when it's not in season. The temporal factor influencing this variation is the exact time of the year, as that is synonymous with the season period.
Answer:
Price of the stock at the end of three years =$34,27
Explanation:
Price of the stock today =
.
Where D1 is the total dividend earned in year 1 =$0.2*4=$0.8
D1=D2=D3=$0.8
therefore, from the given information
.
Solve for P3, which is the price of the stock at the end of three years =$34,27.
Answer:
Option (A) is correct.
Explanation:
Qx = 1000 - 10Px + 0.1I + 10Py
Suppose income of the consumer and the price of good x remains constant at
I = $100
Px = $10
Initial price of good y, Py = 10
So,
Qx = 1000 - 10(10) + 0.1(100) + 10(10)
= 1000 - 100 + 10 + 100
= 1,010 units
If price of good y increases to $20, then,
Qx = 1000 - 10(10) + 0.1(100) + 10(20)
= 1000 - 100 + 10 + 200
= 1,110 units
This will results in an increase in the quantity demanded for good x which shows that there is a positive relationship between the price of good y and quantity demanded for good x.
This indicates that good x and good y are substitute goods.