Answer:
5.56%
Explanation:
Annual payment = Monthly payment * 12
Annual payment = $1,900 * 12
Annual payment = $22,800
So, she can afford to pay $22,800 in a year
The interest rate is Lana getting = Annual payment / principal balance
= $22,800 / $410,000
= 0.0556
= 5.56%
Answer: A consequence of their failure is that, relative to the outcome the vendors would like,
<em><u>(i) the quantity of hot dogs supplied is closer to the socially optimal level. </u></em>
<em><u>(ii) the price of hot dogs is closer to marginal cost. </u></em>
In this case the hot vendor are relatively creating externalities. i.e. Hot dog vendors on the beach fail to cooperate with one another on the quantity of hot dogs they should sell to earn monopoly profits.
Answer:
It is True
Explanation:
NAKES system is unique among the classifications of economic activities because it was developed based on a conceptual framework (that of production function or production process) that guided its construction as much as possible. In it, activities that have similar production functions are classified in the same category and those that have different production are accommodated in different ones.
It was developed following this unique principle, which allows groupings to be created systematically, always under the same logic, which helps to avoid controversies and interpretation errors.
The System consists of five levels of aggregation: sector (the most aggregate, identified with two digits), subsector (three), branch (four digits), sub-frame (five) and activity class (the most disaggregated level, identified with six digits).
It is common to try to use NAKES to classify products, if the user has that intention with certainty the classifier will disappoint his expectations because the objective of the System is to classify economic activities, not products.
Answer:
The best answer to the question: This is an example of used a(n):___, would be, A: Conceptual framework to solve new problems.
Explanation:
A conceptual framework is a an analytical method, or technique, that is used in order for the person to be able to see the full picture, and the different variants and factors around it, in an organized manner. Applying this technique will allow a person to discover all the factor within an issue, visualize them and propose viable solutions to them. And this is what Mark did when he came by the non-standard transaction type. He still had to record the transaction, but the usual methods would not work for it. Therefore, Mark made use of his own knowledge and after viewing the problem through the conceptual framework technique, he was able to find a reasonable solution and thus filfill his job.
