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Jet001 [13]
3 years ago
14

Mark is an excellent cook. He does not have any formal training but learned to cook by following the recipes of several famous c

hefs and his mom. Every weekend, he invites friends over for dinner so he can try new dishes and get honest feedback from his friends. Mark wants to start his own restaurant someday because he thinks he would be successful and become wealthy. Which of Adam Smith’s ideas made Mark think of starting a restaurant?
A.) invisible hand
B.) self-interest
C.) competition
D.) laissez-faire
Business
2 answers:
Delvig [45]3 years ago
7 0
Adam Smith is known as the Father of Modern Economics and is known as the author of "The Wealth of Nations". According to the passage above, the idea of Adam Smith that made Mark think of starting a restaurant business is self-interest. The correct answer is option B. Self-interest, according to Adam Smith, is when the individual owns the resources available, labor and capital, can make voluntary decisions to control the marketplace. This is the biggest motivator in the activity in the economy.
stealth61 [152]3 years ago
6 0

Answer:

b

Explanation:

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If 16,000 units of materials enter production during the first year of operations, 12,000 of the units are finished, and 4,000 a
Serhud [2]

Answer:

True

Explanation:

Equivalent Unit Production is solved in two ways. Either by adding beginning inventory and units started or by adding finished goods and ending inventory.

If we add finished goods and ending inventory we  get

Finished Goods  units      12000

Ending Inventory  units    4000(75%)= 3000

Equivalent Units         15000

which is true .

7 0
3 years ago
The primary purpose of the Uniform Electronic Transaction Act (UETA) is to remove barriers to by giving the same legal effect to
lorasvet [3.4K]

Answer:

True.

Explanation:

Yes, this is true that the primary objective of the Uniform Electronic Transaction Act (UETA) is to eliminate the barriers to e-commerce by providing the same legal impacts to electronic records and signatures as is currently provided to paper documents and signatures, but following are the condition which must be fulfilled :

Unique to the signer

Fitted of being verified

Under the signer’s sole authority

Linked to the record in a way that it can be arranged if anything in the document was changed after the signature was stamped

Designed by a reliable means for the object in which the signature was applied.

6 0
4 years ago
In Thailand, it is required that any milk product sold in the country by a foreign company must use the milk that is at least 50
Ede4ka [16]

Answer: Local- content laws

     

Explanation: In simple words, these refers to the rules and regulation made by the government requiring foreign firms to use domestic resources if they want to operate in that economy.

In the given case, Thailand requires foreign companies selling milk products to use domestically produced milk for their production.

Hence from the above we can conclude that the economic risk involved is regarding to local content laws.

3 0
3 years ago
Each of the following situations is independent. Work out your own solution to each situation, and then check it against the sol
saw5 [17]

Morgan will get $1600 with the process of simple interest.

<h3>what is simple interest?</h3>

Simple interest is calculated based on a loan's principal or the initial deposit into a savings account. Simple interest doesn't compound, therefore a creditor will only charge interest on the principal sum, and a borrower will never be required to pay further interest on the interest that has already accrued.

Rate of interest = 12%

principal = $1000

Time = 5 years

Simple interest

=\frac{1000 \times 5 \times 12}{100}\\=600

Now amount = 1000+600 = 1600.

Therefore, Morgan will get $1600.

To learn more about simple interest from the given link

brainly.com/question/25793394

#SPJ4

8 0
2 years ago
Justin gave a speech explaining why the tax code should be changed. He quoted economists who argue the capital gains tax is oppr
Lubov Fominskaja [6]

Answer:

Inartistic proofs.

Explanation:

3 0
4 years ago
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