Our culture has become accustomed to debt mainly because the capitalist system in which we find ourselves favors the management of loans for the acquisition of goods and services.
These, due to their cost, are difficult or impossible to access through cash payments without any type of installment or ease of payment.
Therefore, credit cards are ways of acquiring debt to finance certain consumption, which is why they have become a financial tool that is totally socially accepted.
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Answer:
Output and employment will increase exerting modest upward pressure on the price level.
Explanation
In simple words, the increased demands for the good would work as an incentive for the producer to produce more and they can also lower their cost of production by producing in mass which will further lead to economies of scale.
More production means more requirement of workers which will eventually lead to more employment opportunities in the country. However, this increase would lead to modest increase in prices due to more purchaser power in the country.
The answer in the space provided is seventy five to eighty five percent because this is only the likely percentage that the organization strive because this extends to their capabilities and that this occurs at
the first level of support in less than an hour when they undergone through
this process.
Answer:
4 million houses
Explanation:
Opportunity cost is the forfeited benefit as a result of choosing one option over others. Its value equals the cost of the next best alternative.
The cost of constructing a new home is $150,000. If the Federal Defence has a budget of $600 billion, the opportunity cost of spending that amount will be the equivalent number of units that can be built by the amount.
To calculate the number of units= $600 billion divided by $150,000
= $600,000,000,000/ $150,000
=4,000,000
=4 million units
