<span>This suggests that to source an ounce of chocolate is simply an easier a less costly process. It clearly suggests that chocolate is more widely produced meaning there is more supply to meet the demand. Gold however is incredibly hard to source, it is time - costly and it is found less often than coco beans. Which leads to conclude that the demand for chocolate is much higher than the demand for gold.</span>
<span>c. common resources are rival in consumption.
In the tragedy of the commons, William Forster Lloyd presented the example of a common resource being over used and destroyed because for any individual abusing the resource, they gained a benefit while the damage to the resource was paid by everyone.
So let's look at the available options and see what makes sense, or doesn't make sense.
a. people consider the value of resources in the future more than in the present.
* If this were true, the there wouldn't be a tragedy of the commons. So this is an incorrect answer.
b. markets do not account for the presence of property rights.
* The tragedy of the commons doesn't involve property rights. EVERYONE in the community is allowed to use the commons. The problem is irresponsible overuse of the common resource. So this is also an incorrect answer.
c. common resources are rival in consumption.
* This is the correct answer. The concept of Rivalry is where a common resource can not be simultaneous consumed by multiple users, or if the consumption of a resource decreases its utility to another consumer. In the tragedy, if one person grazes (consumes) more than their fair share, the commons gets over grazed and over time stops producing. Each person who's overgrazing does get a tangible short term benefit for doing so, but everyone has to pay the cost.
d. government does not efficiently allocate society's scarce resources.
* This is also a wrong answer. It's true that the commons could be regulated by the government, but then it would no longer be the commons.</span>
9514 1404 393
Answer:
Part A: 2 f2
Part B: draw a diagonal (AC, for example); 1 f12
Step-by-step explanation:
Part A:
The area of a parallelogram is given by the
formula
A=bh
where "b' is the length of the base, and 'h' is the
perpendicular distance between the bases.
Using the numbers shown on the diagram, the
area is
A = (3 ft)(2/3 ft) = 3-2/3 f12
A =2 ft2..... area of the parallelogram
Part B:
Typically, a polygon is partitioned into triangles
by drawing diagonals from one of the vertices. It
does not matter which one. (In a quadrilateral,
only one diagonal can be drawn from any given
vertex.) Here, the "base" of each triangle is the
same as the base of the parallelogram: 3 feet.
The "height" of each triangle is the same as the
height of the parallelogram: 2/3 ft.
The area of a triangle is given by the formula
Answer:
The correct option is C. less; more
Explanation:
Real terms: In real terms, it measured the value in terms of goods and services. Like : GDP, CPI, etc
whereas,
In nominal terms, the value is measured in terms of money that means money transaction is involved in the transaction.
So,
In 1972, the nominal term is less as the job value of 1972 is less than the job value of 2005 by $22,800 ( $30,000 - $7,200)
And, in 2005, the real term is more as the CPI index of 2005 is more than the CPI index of 1972 by 1.262 (1.68 - 0.418)
Hence, the correct option is C. less; more
The remaining life of the bond is 4 years and the YTM is 8.70%
Par value of the bond = $1000
In a bond, the owner of the bond loans money to a business or the government. Up to a certain future date, when they return the principal amount of the loan, the borrower pays recurring interest payments.
The total sum that the bond issuer returns to the bondholder is known as the "principal," and the interest is represented by a series of payments known as the "coupon."
Selling price = $1190.03
Callable price = $1050
N = 15 years
Interest rate = 11%
Semi payment = Interest rate*Par value*Time in years
= 11%*1000*0.5 = $55
Since those bonds are expected to be called in 4 years, the remaining life of the bond is 4 years
Calculating the yield to maturity:
Future value (FV) = 1000
Present value (PV) = -1190.03
N = 15*2 = 30
PMT = $55
Yield to maturity = [Annual Interest + {(FV-Price)/Maturity}] / [(FV+Price)/2]
= {0.11 + {1000 - 1190.03}/1050}/{(1000 + 1190.03)/2}
So, Yield to maturity = 8.70%
Learn more about bonds:
brainly.com/question/23266047
#SPJ4