Answer:
The circular flow model shows the interaction between two groups of economic decision-makers―households and businesses―and two types of economic markets―the market for resources and the market for goods and services.
Answer:
Answer is option A, i.e. True.
Explanation:
The National Response Framework is a regarded as a comprehensive guide to deal with various emergencies and disasters that may threaten the normal ongoing process of a nation. This guide provides all the details regarding the prevention, protection, response,, and recovery from different types of dangerous situation that might adversely affect the well being of the nation.
Answer:
The conclusion we can draw is that businesses invest heavily on capital expenditures for future growth.
Explanation:
The equation of exchange is: M × V = P × Q, where:
M: the money supply
V: the velocity of money
P: the general price level
Q: the expenditures
Because V increase while P (no real growth in the economy mean the velocity of money is stable) and P are unchanged, Q must increase too. The increase is usually on capital expenditures.
Answer:
18.65%
Explanation:
Cost = $12,300
Total Payment = $420 × 36
= $15,120
Difference in the cost and payment = $15,120 - $12,300 = $2,820
Interest rate is the ratio of the interest to the original cost of the item.
The interest is the difference between the amount paid and the actual cost.
Interest rate = ($2,820/$15,120) × 100%
= 18.65%
Answer: diminishing marginal product
Explanation:
A. When a firm in the market increase its level of production it results in reduction of cost which is called economies of scale.
B. Increase in cost that resulted due to unnecessary increase in level of production is called diseconomies of scale.
C. Increasing marginal product can be defined as the increase in output resulting due to employment of one more unit of input such as labor.
D. Diminishing marginal product can be defined as the decrease in output resulting due to employment of one more unit of input such as labor.
From the above explanation we can conclude that right answer is diminishing marginal product .
