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Ilya [14]
3 years ago
11

A woman approached Senator Adlai Stevenson when he was running for president, saying, "Senator, you have the vote of every think

ing person!" The Senator is often credited with responding: "That's not enough, madam, we need a majority!" Which concept does this quip best reflect?
rational ignorance
opportunity costdiffuse
costs and concentrated benefits
median voter theorem
Business
1 answer:
Serhud [2]3 years ago
6 0

Answer:

<em>Rational Ignorance </em>

Explanation:

Understanding everything is unlikely. A level of ignorance is unavoidable, and we all have to determine for ourselves what is worth learning and recognizing.

Rational ignorance lets each one of us determine the most valuable information.

Rational ignorance means picking to remain ill informed on a subject deliberately because the cost of obtaining the data is greater than the expected possible advantages.

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If a legal contract is formed and the subject of the contract then becomes illegal under a new statute, the contract is _____.
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Answer:  "discharged" .
______________________________________________
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Economists define an efficient use of resources as a situation where
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<span>According to economists the efficient use of resources is a situation where one person can be made to look better in the scenario, but only by making another person look worse. Inefficient use of resources or insufficient resources brings scarcity in the economy.</span>
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Why price<br> and quantity increase with an increse in demand
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Price increase because the supply is low but the demand is more

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On March 1st, the Picasso Co. issued a 12 month, $120,000 note, to the Bank of Carbondale. The note carries a 10% interest rate
alexira [117]

Answer:

The maturity value of the note is <u>$132,000</u>

Explanation:

A Loan note is a promissory note that is signed to make a promise of an amount of Loan taken by someone that to be returned after a specific time with interest value at a defined in the loan note.

The maturity value of the loan note can be calculated as follow

Face value = $120,000

Interest rate = 10%

Time period = 1 years

Use following formula to calculate the maturity value of the loan note.

Maturity value = Face value x  ( 1 + interest rate )^ numbers of years

Placing values in the formula

Maturity value = $120,000 x ( 1 + 10% )^1

Maturity value = $132,000

6 0
3 years ago
Jessica Marshall, the CEO of ABD Oil Drilling Inc., decides to set aside an amount of $10,000 from the company's annual profits
Travka [436]

Answer:

corporate philanthropy.

Explanation:

Corporate philanthropy refers to an act done by a corporation or business organization with a motive to promote the welfare of a society by charitable donations of funds

Since in the question it is mentioned that the Jessica already aside the amount of $10,000 for the nonprofit organization and already it meets the requirement of government to contribute 4% of the company revenue for the social benefits

So this given situation represents the corporate philanthropy.

3 0
3 years ago
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