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3 years ago

Fill in the blank.

Business

1 answer:

Schach [20]3 years ago

3 0

Answer:

Explanation:

Larry manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash. On payday, he immediately goes out and buys as many goods as he can for himself for the next two weeks in order to prevent the money in his wallet from losing value. What he can't spend, he converts into a more stable foreign currency for a steep fee. This is an example of the of shoe-leather costs inflation as shoe-leather costs refer to the time and effort people take to minimize the effect of inflation on the eroding purchasing power of money. As larry made a decision for stocking goods for use for 2 weeks, it prevents him to fight against inflation as there is so much costs involved to earn such money and then fight against inflation

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Suppose that a worker in Radioland can produce either 4 radios or 1 television per year, and a worker in Teeveeland can produce

shutvik [7]

Answer:

(B) 300 televisions and 100 radios in Teeveeland and 300 radios and 100 televisions in Radioland

Explanation:

Radioland

Each worker can produce either 4 radios or 1 television

The country has a total of 100 workers

<em>By specializing in the goods it has a comparative advantage, Radioland will only produce radios.</em>

Therefore, the total number of radios it will produce per year

= 4 radios per worker * 100 workers

= 400 radios.

If Radioland trades 100 radios to Teeveeland in exchange for 100 televisions each year, Radioland will end up with

= 400 radios - 100 radios (to Teeveeland) + 100 televisions (from Teeveeland)

= 300 radios + 100 televisions in Radioland.

Teeveeland

Each worker can produce either 2 radios or 4 televisions

The country has a total of 100 workers

<em>By specializing in the goods it has a comparative advantage, Teeveeland will only produce televisions.</em>

Therefore, the total number of televisions it will produce per year

= 4 televisions per worker * 100 workers

= 400 televisions.

If Teeveeland trades 100 televisions to Radioland in exchange for 100 radios each year, Teeveeland will end up with

= 400 televisions - 100 televisions (to Radioland) + 100 radios (from Radioland)

= 300 televisions + 100 radios in Teeveeland.

7 0

3 years ago

_____ is information about data—its content, quality, condition, origin, and other characteristics.

nikklg [1K]

Metadata may be the term you are looking for.

5 0

3 years ago

Other things the same, an increase in velocity means that a. the rate at which money changes hands falls, so the price level ris

lisov135 [29]

An increase in the velocity of the money refers to a situation when the rate of changing leads to hand rises and ultimately results in an increase in the price level, indicating an inflation.

<h3>What is velocity of money ?</h3>

Velocity of money refers to a method with the help of which the movement of the money in an economy can be measured. When the number of hands changing money increases, there is an economic growth.

So, option C; states that there is an increase in the velocity of money when the rate at which money changes hands rises, the price level also increases.

Learn more about velocity of money here:

brainly.com/question/13914618

#SPJ1

7 0

2 years ago

Swifty Corporation reported net sales of $690000, $730000, and $828000 in the years 2016, 2017, and 2018, respectively. If 2016

Flura [38]

Answer:

120%

Explanation:

Given net sales;

Year 1996 = $690000

Year 1997 = $730000

Year 1998 = $828000

With 1996 as the base year, it means the percentage of any year can be computed by dividing the net sales for that year with the net sales for 1996 and expressing the results as a percentage.

1998 sales as a percentage of the base represents

= $828000/$690000

= 1.2

Expressed as a percentage, this is 120%.

3 0

3 years ago

Jamie earned a raise in pay when he finished the training for the Technician 2 position. He will receive another raise when he f

coldgirl [10]

Answer: Structured compensation program

Explanation: In a structured compensation program the company structures the pay of employees on the basis of a predetermined criteria. The abilities needed to get promotion in such structure could be fixed on the basis of time period served or any other such criteria.

In the given case, Jamie gets promotion at every stage by passing a certain test. Thus, we can conclude that the company is performing structured program.

5 0

3 years ago