Answer:
The answer is e. to support a federal bailout of the banking industry
Explanation:
To response to financial crisis, President Bush had addressed in the public television that the federal bailout of damaged financial institutions was necessary to avoid long and painful recession.
In fact, his administration had implemented an $700 billion worth of Trouble Asset Relief Program since October 2008, in which the amount from federal government's budget was spent on bailout damaged financial institutions such as American International Group (AIG), and bad mortgage debts.
So, e is the correct choice.
Answer: 0%
Explanation:
Elasticity measures the change in demand resulting from a change in price. The law of demand holds that when prices increase, quantity demand would decrease and elasticity is meant to show the magnitude of this change.
A unit elastic good means that prices and quantity demanded change by the same amount. This means that for a unit elastic good, if the price change is a 5% increase, the quantity demanded will decrease by 5%.
In terms of revenue, if the price increases by the same amount that quantity demanded decreases, the effects will cancel out so there will be no revenue effect.
Answer:
156
Explanation:
78
× 2
multiply the 2 by 8 first
then multiply the 7 by 2
Interesting...............
Answer:
$728,000
Explanation:
Paid in capital can be described as the payments ac company received in exchange for its stock from investors.
From the question, the total paid in capital can be calculated as follows:
Receipt for 42,000 shares at $10 per share = 42,000 * 10 = $420,000
Receipt for 28,000 shares at $11 per share = 28,000 * 11 = $308,000
By adding the two above together and have:
Total paid-in capital = $420,000 + $308,000 = $728,000.
Therefore, total paid-in capital at the end of 2021 is $728,000.
