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3 years ago

What is the concept that people may decide what and when they want to buy and sell called?

Business

2 answers:

Dmitrij [34]3 years ago

8 0

C. Voluntary Exchange

Voluntary exchange means buyers and sellers freely and willingly participating in marketplace transactions.

Karolina [17]3 years ago

3 0

Answer:

C) voluntary exchange

Explanation:

In economics, voluntary exchanges take place when a buyer and a seller both freely and willingly decide to trade their products or services. Before modern money become so widely used, the barter system was used to exchange mostly goods.

The whole idea behind a voluntary exchange is that both the seller and the buyer will be better off by carrying out the exchange transaction, i.e. I buy something because it satisfies my needs, and it will make me feel better.

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Nathan was worried that his company was missing a lot of opportunity to sell their products in China because of the separation c

lina2011 [118]

The inability of Nathan's company to sell their products in China can be said to be: lack of knowledge.

<h3>What is Knowledge of a Market?</h3>

Understanding your market target for a specific product goes a long way in saving resource wastage and facilitates effective marketing strategy that gurantees sales.

Knowledge of the culture and language of a market is key to penetrating a market.

Thus, the inability of Nathan's company to sell their products in China can be said to be: lack of knowledge.

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2 years ago

You have decided itâ€™s time to buy a house, and you have found the one you want. The price is $500,000, and you will pay 10% in

sp2606 [1]

Based on the amount of the loan, the interest rate, and the loan period, the monthly payment would be <u>$3,302.</u>

<h3>Loan Amount</h3>

<em>= Price of house - Amount in cash </em>

= 500,000 - ( 500,000 x 10%)

= $450,000

<h3>Periodic interest </h3>

= 8% / 12 months

= 8/12%

<h3>Number of periods </h3>

= 30 x 12 months

= 360 months

<h3>Monthly Payment </h3>

This is an annuity as the payment is constant. The loan value will be the present value of the annuity.

<em>Present value of annuity = Annuity x ( 1 - ( 1 + rate) ^ - number of periods) / rate </em>

450,000 = Annuity x ( 1 - ( 1 + 8/12%) ⁻³⁶⁰) / 8/12%

Annuity = 450,000 / 136.283494

= $3,302

In conclusion, monthly payment would be $3,302.

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3 years ago

Inflation: group of answer choices is a continuous decrease in the price level. can obscure relative price changes. always makes

eimsori [14]

The Correct Response is Option B.

Inflation: can obscure relative price changes.

In the field of economics, inflation refers to an overall rise in the cost of goods and services throughout a nation. Each unit of currency may purchase fewer products and services as the overall price level rises, hence inflation is associated with a decline in the buying power of money.

<h3><u>What occurs when inflation occurs?</u></h3>

The main cost of inflation is the loss of real income, which occurs when prices rise unevenly and causes some customers' buying power to decline. For both those who receive and pay fixed interest rates, inflation might over time affect their ability to make purchases.

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1 year ago

Suppose that at the beginning of 2019 Jamaal's basis in his S corporation stock is $0, he has a $0 debt basis associated with a

ivann1987 [24]

Answer:

$0 stock basis; $10,000 debt basis

$1,000 (original stock basis) + $4,000 ordinary income − $7,000 distribution = $0 stock basis and a $2,000 distribution in excess of stock basis generating $2,000 of capital gain. Debt basis is not reduced by distributions.

Explanation:

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3 years ago

Known as ____________________________________________ these ethical standards emphasize preventing unlawful behavior by increasi

QveST [7]

Known as <u>compliance-based ethic codes</u> these ethical standards emphasize preventing unlawful behaviour by increasing control and by penalizing wrongdoers.

Compliance-based ethical codes are those that outline moral requirements with an emphasis on preventing unethical activity by tightening regulations and punishing offenders. Integrity-based ethical codes are those that specify an organization's guiding principles and foster a culture that encourages moral behavior. A compliance-based code of ethics is created to ensure that the company and its personnel abide by all rules and regulations properly. The prevention, detection, and punishment of non-compliant conduct are three important components. For instance, Jeremy's compliance-based code might forbid his employees from materially misrepresenting the truth when acting in the course of their job.

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1 year ago