Answer: Businesses sell goods and services in product markets.
Explanation: Circular flow diagram shows the flow of goods and services from Firms to the Households and Factors of production from the Households to the Firms. The firms money from the sale of those goods and services and the households get factor payment.
Thus, Business are sell goods and services in product markets in a circular flow diagram.
Answer:
cost to run the LED bulb for one year if it runs for 3 hours a day is $3.50
Explanation:
given data
power = 16 W
cost of electricity = $0.20 per kilowatt-hour
time = 3 hours a day.
solution
we get here energy consumption is express as
E = Power × time
E = (16) × (365 × 3)
E = 17520 Wh
E = 17.52 kWh
and
cost of operation = E × cost of electricity .........1
cost of operation = 17.52 × $0.20
cost of operation = $3.50
so cost to run the LED bulb for one year if it runs for 3 hours a day is $3.50
Answer:
$418
Explanation:
FV = $400,000. This is the amount you want to have in your retirement account 25 years from now
i/r = 8%/year = 0.67%/month. The interest that the account pays
n = 25 years = 25 x 12 = 300 months
PV = 0
PMT (The amount of monthly deposit required to achieve the target above. This is the missing value we need to calculate)
By using financial calculator, we obtain:
PMT = $418
Answer:
The correct answer is letter "A": Bar Graph.
Explanation:
A Bar Graph, also known as Bar Diagram or Column Graph, is a form of portraying graphically a group of data or values and is formed by vertical or horizontal rectangular bars of proportional sizes to the values represented. Graphic bars are mostly used when the graphic portrays information of a single variable.
Answer:
C. An explicit target is easier to understand by households and firms which makes monetary policy more transparent.
Explanation:
Explicit inflation targeting is a monetary policy used by central banks to check inflation rate is under control for medium term. However, critics target this policy as they believe that instead central bank should have monetary policy for long term inflation control and economic growth for long term. Product price targeting or nominal income targeting would create more economic stability.
