Answer: Takeoff stage
Explanation: In Rostow's five-stage model of economic growth states various factors of the required economic condition necessary for that country to develop. One such stage is the takeoff stage. i.e.
Take-off stage states
(a)In this particular period Urbanization will increases.
(b)Industrialization proceeds as technological progress will take place.
(c) Secondary sector expands .
It should be also duly noted that during this stage,Textiles and apparel are usually the first "take-off" industry .
<u><em>Hence, a country where the manufacturing of both semi durable and non durable consumer goods has just begun. Also, the goods demanded relate to equipment and supplies to support manufacturing has reached the takeoff stage in Rostow's five stage model of economic growth.</em></u>
Answer:
$996,267.41
Explanation:
The Net Present Value of Alpha`s project can be determined by using the CFj Function of a Financial Calculator as follows :
<em>- $400,000 CF0</em>
<em>$325,000 CF1</em>
<em>$500,000 CF2</em>
<em>$400,000 CF3</em>
<em>$475,000 CF4</em>
<em>I/YR = 8%</em>
<em>Then, SHIFT NPV gives $996,267.41</em>
Thus, Alpha's net present value (NPV) is $996,267.41.
Answer:
Hedge funds are: high risk, even though they may be market-neutral.
Answer:
The correct answer is letter "B": The statement presents the fallacy of composition.
Explanation:
The Fallacy of composition refers to a fallacy by which an individual believes that something is true just because part of the whole is true. Typically, this type of belief leads to mistaken conclusions because what might be right for one person does not necessarily is right for others.
Answer:
The present value of the promised gift will:
be less than $5,000.
Explanation:
The present value of $5,000 to be received in three years' time from today is less than $5,000 received. This is explained by the time value of money concept. If the $5,000 gift is discounted to today's value, using a discount factor of 0.751 (10% in three years' time), it would be $3,755 ($5,000 * 0.751). This means that $5,000 received in year 3 is less than $5,000 received today.
