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3 years ago

Name some results that would happen to someone without personal finance skills

Business

1 answer:

asambeis [7]3 years ago

4 0

Answer:

The answer would be

Explanation:

1. Not keeping a budget

2. Paying bills late

3. Not saving money

4. Buying what you want instead of what you need

5. Impulse purchases

6. Getting into debt

7. Borrowing money

8. Being too stingy

9. Not learning about money management

Those who bear the weight of financial burdens may neglect their health in an attempt to save money; they may even go so far as to completely avoid healthcare because they do not have the means to pay it.

Your health is not the only thing negatively affected by poor money management habits. Your career can also take a costly toll from stressors caused by mismanaging your finances

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Assume Fiona is willing to pay $8 for a pizza cutter. Tim also wants one, but is only willing to pay $6 for one. At a pizza bake

Delicious77 [7]

Answer

The question is incomplete; assuming that the market price is $5.

The answer will be consumer surplus decreases.

Explanation:

Consumer surplus is a measure of consumer welfare. It is measured as the difference between what customers are willing and able to pay for a good and the price they actually pay.

7 0

4 years ago

If korean exports to the united states decline by $15 billion, by how much will cumulative korean spending drop if their mpc is

Andrew [12]

Given:
Change in exports: 15 billion
MPC = 0.75

MPC = Change in Consumption / Change in Disposable income

MPS stands for Marginal Propensity to Consume while MPS stands for Marginal Propensity to Save.

MPC + MPS = 1
MPC = 1 - MPS
MPS = 1 - MPC

Spending Multiplier = 1/MPS

Since MPC = 0.75 then MPS = 0.25

Spending Multiplier = 1/0.25 = 4

Change in Export * Spending Multiplier

15 billion * 4 = 60 billion

The cumulative Korean spending will drop by 60 billion.

8 0

3 years ago

The time between the disabling event and the beginning of payments in your disability coverage is called

balu736 [363]

Answer – Elimination period

In insurance, elimination period refers to the time between the disabling event (e.g. the occurrence of an injury or illness) and the beginning of payments in the disability coverage (i.e. when payments of insurance benefits are received from the insurer<span>)</span>

3 0

4 years ago

What is networking in business?

Svetach [21]

Networking is a socioeconomic business activity by which business people and entrepreneurs meet to form business relationships and to recognize, create, or act upon business opportunities, share information and seek potential partners for ventures.

3 0

4 years ago

Occasionally, _________________ may lead to pure monopoly; in other market conditions, they may limit competition ______________

makvit [3.9K]

Occasionally, barriers to entry may lead to pure monopoly; in other market conditions, they may limit competition to a few oligopoly firms

<h3>Do barriers to entry exist in a pure monopoly?</h3>

Due to entrance restrictions that deter prospective rivals, firms acquire monopolistic power. Barriers to entry, or conditions that make it difficult or impossible for potential competitors to participate in the market, give monopolies their market strength.

The four main elements of monopoly are: (1) a single business controlling the entire output of a market; (2) a distinctive product; (3) barriers to admission and departure from the industry; and, frequently (4) specialised knowledge about production methods that are not available to other potential producers.

Learn more about monopoly refer

brainly.com/question/13276400

#SPJ4

4 0

2 years ago