Answer: All of the above
Explanation:
The Long run is a period of time where all the factors of production of a firm are variable. For example, a firm can establish a bigger factory. It takes a longer period of time than the short run.
John Maynard Keynes also believed that in the long run, we are all dead. Also, an economy will self-correct because shocks matter in the short run and not the long run. The self-correction mechanism talks about price adjustment. When there is a shock, prices will adjust and the economy will be brought back to the long-run equilibrium.
Answer:
The self-serving bias
Explanation:
Self serving bias is a behavioral pattern where an individual takes the glory for the positive outcome of a team work but transfer blames to other members of the team if the outcome is poor.
It is a defense mechanism to shield self esteem by refusing to take responsibility for ones action. He / She only acknowledges strength but turn blind eyes to lapses.
It is mostly influenced by age , gender and ego
Answer:
B) the substitution of domestic steel for foreign steel absorbs resources that would otherwise produce goods of greater value
Explanation:
This type of policy is really controversial since politicians like to announce public policies that may help their constituents on the short run, but will eventually end up damaging them and the whole country on the long run.
A clear example is coal mining. Coal mining was praised during the last election and even though some new jobs have been created in that industry, the overall effect in the country is extremely negative and offsets any positive outcome. Coal mining results in heavy pollution and it is also not economically profitable. The resources invested in coal mines could generate much higher benefits for everyone, investors, workers and the government if they were used to finance some other activity.
Currently the government has limited the imports on foreign steel and the domestic production hasn't been able to increase enough to cover the manufacturing needs of American companies and it resulted in higher steel prices and an increase in manufacturing costs.
Market rules apply to everyone and every country. Sometimes it is not possible to produce certain goods at a competitive price no matter how hard we try and the country's well being is negatively affected. Much better results can be obtained by focusing on certain industries where American businesses really excel instead of always trying to favor inefficient industries that have a high lobby power.
<u>The answer is "trade-off".</u>
A trade-off is a situational choice that includes reducing or losing one quality, amount or property of a set or configuration as an end-result of increases in different viewpoints. In straightforward terms, a tradeoff is the place one thing increments and another must reduction. Tradeoffs originate from confinements of numerous sources, including basic material science - for example, just a specific volume of articles can fit into a given space, so a full holder must expel a few things keeping in mind the end goal to acknowledge any more, and vessels can convey a couple of substantial things or various little things. Tradeoffs likewise usually allude to various arrangements of a solitary thing, for example, the tuning of strings on a guitar to empower diverse notes to be played, and additionally assignment of time and consideration towards various errands.
The greatest interest rate that John can accept and meet the criteria is 12.25% compounded monthly
The monthly payment formula for a loan:
Where PV is the principal value of the loan,
r is the rate per month,
n is the number of months,
Here, PV = $ 4,500, n = 36,
Let r be the annual rate of interest,
P ≤ 150
Thus, the greatest annual interest rate = 0.1225 = 12.25 %
Therefore, Option C is correct.
To know more about the monthly payments and interest rate, refer to the link below:
brainly.com/question/2557439
