Answer:
1) Option A. differences in values
2) Option C. Tariffs and import quotas generally reduce economic welfare
Explanation:
1) Difference in values which can also be called value conflicts are due to variations in belief systems. I.e. when the belief systems of two groups do not allign. While Antonio believes that government programmes should be reduced because they cause more harm than good, Caroline is of the opinion that despite the inefficiency of government programmes, they are still necessary for the less fortunate. This disagreement is as a result of value conflict.
2) Both economists agree on the inefficiency of government programmes. The focal point of Caroline's argument is that government's intervention in the economy is needed for the less fortunate. Based on this premise, two economies chosen at random will most likely agree to the proposition that tariffs and import quotas generally reduce economic welfare.
Answer:
D) Is the difference between minimum price producers are willing to accept ...... higher the equilibrium price.
Explanation:
Producer Surplus is the difference between - minimum price producers are willing to accept for a product, & the market price. Graphically it is the (triangular) area above the supply curve, & below the market price.
Higher the market price, higher is the consumer surplus.
This statement is false.
Regardless of the fact whether fair use applies or not, you should always cite the sources of the visual and audio materials in your slide show. It can still be considered plagiarism if you don't cite your sources, so make sure you do that.
Answer: Federal Fund Rate = 0.15%
Discount rate = 1.15%
Explanation:
The Federal Fund Rate is the rate at which banks can borrow money from other Banks and is listed as 0.15%. This rate is usually lower than the discount rate as is usually suggested by the Federal Open Market Committee.
The Discount rate is the rate at which Banks can borrow from the Fed which is stated to be 1.15%. This rate is set by the Fed and can be used to control interest rates by either reducing or increasing the cost of borrowing for Banks which banks then reciprocate.
Answer:
Total cash collection= $62,600
Explanation:
Giving the following information:
Month Cash Sales Credit Sales
March $20,000 $10,000
April $36,000 $16,000
May $42,000 $40,000
Credit collections are 25% in the month of sale, 60% in the month following the sale, and 10% two months following the sale.
<u>Cash collection May:</u>
Sales in cash May= 42,000
Sales on account May= (40,000*0.25)= 10,000
Sales on account April= (16,000*0.6)= 9,600
Sales on account March= (10,000*0.1)= 1,000
Total cash collection= $62,600