Answer:
a. monopolistic elements in the economy will prevent an immediate sharp fall in prices as a result of decreasing demand
Explanation:
When there is recession the price of the factor goes down and with that, the insufficient demand for a certain good or services is eliminated. The reasoning is that the decrease in prices stimulates demand and adjust the market.
Keynes among other economist consider that unemployment increase during recessions because the nominal wages rate do not fall. As the union and worker do not want to see their wage decrease. Same is applied to prices which makes then inflexible in a downward direction.
While "supply creates its own demand" is "Says's Law" which is rejected in keynes main book "The general theory"
Hece option A is the only one which is true
Answer:
the remaining budget for other expenses = 1/8 of the total budget
Explanation:
Since the city's administrative personnel expenses are 1/8 larger than both maintenance expenses and safety expenses, it means that safety expenses are equal to maintenance expenses.
Since maintenance expenses are 1/4 of the total budget, safety expenses are also 1/4 of the total budget.
Administrative personnel expenses are 1/8 higher, so that means that they equal 1/4 + 1/8 of the total expenses.
If we add the three categories = 1/4 + 1/4 + (1/4 + 1/8) = 7/8
So the remaining budget for other expenses = 1 - 7/8 = 1/8 of the total budget
Answer:
D $88410
Explanation:
Work in progress includes all the raw materials, direct labour and conversion costs incurred so far excluding cost of goods sold .
WIP= Intial WIP +Manufacturing costs incurred- Cost of goods sold.
The WIP inventory at the begining of the period is given as nil.
WIP during the period = (95000*80%)+56000+13600+107000
=252600(but it was given that 65% of the Process was completedi.e., finished goodswhich are not the part of the WIP inventory ; hence the remaining 35% is the Work in process inventory)
=$ 88410.
Further the remaining raw material 20% = 95000*20% shall not comprise a part of the WIP as it has not been brought into process itself , it shall lie in raw materials inventory itself.It shall be counted into the WIP once it is brought into the manufacturing assembly line.
Answer: Derivative security
Explanation:
Derivative security is referred to as the security that provides a payoff which depends on the values of other assets.
A derivative security is referred to as the financial instrument whereby the value depends on the value of another asset. There are different types of derivatives such as options, swaps, futures, and forwards. Example of derivative security is convertible bond.
Answer:
Andrew Jackson (AJ for short) was a statesman. He reached the height of this career when he became the 7th President of the United States (POTUS, having served as a soldier and a general in the United States Army). His administration spanned two terms of 4 years each (1829 to 1837)
In direct reference to the question, it can be said that due to his action, he was rather tyrannical than monarchial.
Explanation
On the overall, AJ is regarded by may historians favorably due to his many big wins. Some of those wins which he achieved as POTUS are:
- The payment of a long standing national debt
- the conclusion of the "most favored nation" treaty with the United Kingdom, which settled claims of damages against France from the Napoleonic Wars,
- Prevention of the renewal of the charter of the Second Bank of the United States which was deemed as corrupt established created to enrich the wealthy at the expense of the plebian class and
- the recognition Texas as a Republic. It may be worthy of note that he was the first POTUS to have survived an assassination attempt as a sitting president.
Irrespective of the above, his career was marred by two major dents:
- The endorsement of the of the 1830 Indian Removal Act which forced many Native American tribes in the South to a space that became known as the Indian Territory. The forceful relocation was deemed necessary by the Blue Bloods (White Population) and resulted in mass suffering, mass death by many who where diseased during the forced relocation.
- The Nullification Crises: For some reason, the congress approved a bill which by itself was designed to fail or be disapproved. It placed a huge tariff (as much as 45%, a historic high) on the Southern Cotton Farmers. The bill became known as the "Tariff of Abominations". He later conceded to several downward revisions of the tariff, first to 27% and further downwards later but not after it had caused a lot of rift between the state of South Carolina and the Federal Government where in the South Carolina had declared the bill unconstitutional. This call out against the Federal Government became known as the Nullification Crises.
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