Answer:
The answer is: A) the study of how prices are determined in the baseball card industry
Explanation:
Microeconomics is concerned with single factors (individuals or an specific company or industry) and the effects of their decisions and allocation of resources. The baseball card industry and their pricing methods enter into this category.
While the country´s unemployment rate, or the Fed´s interest rate, or national politics affect the whole economy, so they part of Macroeconomics.
The pros and cons of the Adjustable-Rate Mortgages are consistent payments and lower interest rates possible.
<h3>What is Mortgage?</h3>
Mortgage refers to the agreement between the lender and the buyer which involves the exchange of the money.
When person and a lender enter into a mortgage, the lender is granted the power to seize your property if person are unable to pay back the loan amount plus interest. Mortgage loans are used to either purchase a home or borrow against an existing home's worth.
Adjustable-Rate Mortgages is the loan which is granted for the homes which depends on the market as it does not has the fixed rate of interest.
The ARS mortgage type offers comfortable consistent payments, and over time, reduced interest rates may be feasible. However, there is a chance that interest will grow, which could be a drawback.
Learn more about Adjustable-Rate Mortgages here:
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Answer:
$0
Explanation:
Given that,
Total revenues = $4,000,000
Cost of goods sold = $3,500,000
Depreciation expense = $500,000
Interest expense = $120,000
Earnings before interest and taxes (EBIT):
= Total revenues - Cost of goods sold - Depreciation expense
= $4,000,000 - $3,500,000 - $500,000
= $0
Therefore, the EBIT for a firm is $0.
The following groups that contribute to meeting a community’s societal needs would be all of the above
Answer:
Option (b) is correct.
Explanation:
In 2010,
Real GDP = 600,000
Population = 5,000
Real GDP per person:
= Real GDP ÷ Population
= 600,000 ÷ 5,000
= 120
In 2011,
Real GDP = 636,480
Population = 5,200
Real GDP per person:
= Real GDP ÷ Population
= 636,480 ÷ 5,200
= 122.4
Growth rate of real GDP per person during the year 2011:
= [(Real GDP per person in 2011 - Real GDP per person in 2010) ÷ Real GDP per person in 2010] × 100
= [(122.4 - 120) ÷ 120] × 100
= (2.4 ÷ 120) × 100
= 0.02 × 100
= 2%
It was seen from the data available on the world bank that the United states real GDP per person is growing at an average rate of 2% between 1910 and 2010.
Hence, the Growth rate of real GDP per person during the year 2011 is about the same as average U.S. growth over the last one-hundred years.