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Usimov [2.4K]
3 years ago
6

Abby left her native land in Eastern Europe in order to become a nanny for a family in a western suburb of Chicago, Illinois. On

e of the benefits of her arrangement was that she could attend the community college near her family's residence. When she arrived at her new job, she experienced the differences from a predominately socialist nation and a capitalist nation. Abby noted that public transportation in northern Illinois was limited and expensive, making it difficult to get to school. For a negligible fee, the government in her native country provided public transportation for everyone. Abby's native country's economic system was more characteristic of socialism.
a. True
b. False
Business
1 answer:
Nady [450]3 years ago
5 0

Answer:

a. True

Explanation:

In simple terms, socialism is a political and economic theory that states that everyone in society equally owns the factors of production. On the other hand, capitalism states that there is a private ownership of the means of production and their operation for profit.

Usually in socialist nations the government aids its citizens in various ways, that is the reason why Abby's native country's economic system is believed to be more characteristic of socialism.

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Monty loaned his friend Ned $12,000 three years ago. Ned signed a note and made payments on the loan. Last year, when the remain
irinina [24]

Answer:

$ 6,600

Explanation:

Monty should $\text{includ}$e up to $\$ 8,100$ in the gross account but to an extent of the tax benefit in the previous year. Since the debt is a non-business debt, the amount of $\$ 9,000$ would be reported as the short term business capital loss.

In the previous year, Monty had a capital gain of $\$ 3,600$ and $\$33,250$ as taxable income.

Therefore, $ 3,600 + $ 3,000 = $ 6,600

So $ 6,600 out of $ 9,000 loss produced the tax benefit. Therefore, only $\$6,000$ can be included in the gross income of Monty for this year.

7 0
3 years ago
A number of stores offer film developing as a service to their customers. Suppose that each store offering this service has a co
meriva

Answer:

Check the following calculations.

Explanation:

C(q) = 50+0.20q+0.0800q2

MC(q)=0.20+0.160q

In the long run market will be in equilibrium when P=MC=ATC=LRAC=LRMC

where LRAC=long run average cost curve

LRMC=long run marginal cost curve

ATC=average total cost

noe total cost C(q)= 50+0.20q+0.0800q2

therefore ATC=C(q)/q

= 50/q + 0.20 + 0.0800q

therefore in long run MC=ATC

0.20+0.160q=50/q + 0.20 + 0.0800q

on solving q=25

therefore P=ATC=MC=0.20+0.160q

=0.20+0.16*25

P = 4.20

7 0
3 years ago
If the interest rate is 10 percent, then the present value of $100 to be paid in 2 years is
Lina20 [59]
The answer is exactly 100.
7 0
4 years ago
The Federal Reserve implemented a series of new policies and tools in response to the 2007-2008 financial crisis and recession.
Lesechka [4]

Considering the situation described the many economists believe these policies helped avert another Great Depression but exacerbated the <u>inflation</u> problem in the financial system.

This is because the new policies and tools used to tackle the 2007-2008 financial crisis and recession was based on Keynesian economics.

However, while Keynesian economics concentrates on regulating aggregate demand to solve or prevent economic recessions, it is considered <u>inflationary</u>.

This is because it is believed that these policies encourage lower tax rates and increase the national deficit to ensure there is employment.

However, with more money in circulation, many economists believed it would cause inflation and more income disparity.

Hence, in this case, it is concluded that the correct answer is <u>Inflation</u>.

Learn more here: brainly.com/question/20036871

8 0
3 years ago
When testing mutual fund performance over time, one must be careful of ___________, which means that a certain percentage of poo
Verdich [7]

Answer:

The correct answer is letter "A": survivorship bias.

Explanation:

Survivorship bias or survivor bias, in finance, refers to the tendency of concentrating in past winner actions of a given asset -usually stocks, and dismissing the losers. When analyzing mutual funds under this approach, outdated or merged funds are not included, taking into consideration only the valid funds as the current performance for the whole chunk.

3 0
3 years ago
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