Answer:
explanation of opportunity cost:
A. Because of scarcity, people must make choices, and each choice incurs a cost
exampes of opportunity cost:
A. The money spent on a movie ticket cannot buy a Blu-ray player
C. The time spent preparing for a test cannot be spent playing computer games
Explanation:
The opportunity cost refers to the return or ouput of the resource used in the best alternative decision.
That means, the wages we get fro ma certain job most be compared with the wages we could do in another to really check if we are making a gain or not with our job.
Same applies for capital and other factors.
The answer is <span>Kiichiro Toyoda</span>
Answer:
B. the value placed on the last unit of production by buyers exceeds the cost of production
Explanation:
<h3>Hello there!</h3>
Your question asks if you offer up your car as a demonstration that you will pay off your loan, would your car be used as collateral?
<h3>Answer: True</h3>
The reason why your answer would be "True" is because you're offering up your car for something that could not be very certain to do.
If you offered your car as a demonstration to pay off your loan, but you don't pay off the loan, the bank has every right to take the car from you, due to the fact that the car is on collateral.
Collateral is known as something that is "forfeited" or "security" for a repayment of a loan.
In this situation, you're offering your car as collateral if you don't pay the loan back. And if you don't pay the loan back, you're going to forfeit your car to the bank in order for them to use it as a way to get money to pay off the loan themselves. Banks, bail bonds, etc. usually have people put things up for collateral to keep a "safe" measure for the loan, due to the fact that they're giving people instant money. It's just a "security" or "safety" procedure banks due in order to get something in return if the loan is not paid off, so they won't be losing money or leave empty handed.
<h3>I hope this helps!</h3><h3>Best regards, MasterInvestor</h3>
Answer:
A. The money multiplier is the amount of money supply with each dollar increase in reserves. so, it is correct.
b.- Since there is an inverse relationship between the reserve ratio and the money multiplier, a higher reserve ratio leads to a lower money multiplier. So increase the ratio and lower the money.
