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Explain the four basic elements of all economic systems.

Alekssandra [29.7K]

Answer: They are personal consumption, business investment, government spending, and net exports.

Explanation:

6 0

3 years ago

Which activity might require you to provide your social security number? A)Starting a new job. B)Boarding an airplane. C)Buying

natka813 [3]

You might be required to provide a social security number if you want to rent a car. This implies the correct answer is D.

A social security number is a number that is provided by the US government and issued to the citizens. The social security number can also be given to eligible residents if they apply for it. A social security number (SSN) contains nine-digit numbers and it serves many purposes.

<h2>Further Explanation</h2>

The social security number is used by the government to monitors your earnings and also to know the number of years that you have worked.

If as a retiree, you are entitled to get a social security disability income, the government of the United States will use the details regarding the contributions you make towards your social security.

This information is used to determine whether you are qualified to receive social security benefits and also to calculate how much you have contributed.

However, you will be required to provide your social security number in the following scenarios:

When you need to apply for a federal loan
When you need to apply for some kinds of public assistance
When renting a car
When you enroll in Medicare
When you need to get a driver’s license and many more

LEARN MORE:

Which activity might require you to provide your social security number brainly.com/question/9197489
Which activity might require you to provide your social security number? brainly.com/question/3852479

KEYWORDS:

renting a car
medicare
social security number
federal loan
nine digits

3 0

3 years ago

Read 2 more answers

Simpson and Homer Corporation acquired an office building on three acres of land for a lump-sum price of $3,350,000. The buildin

Volgvan

Answer:

Building = $1,340,000

Land = $1,675,000

Furniture and fixtures = $335,000

Explanation:

This is an example of Basket Asset Purchase whereby a number of assets purchased as one package.

Initial value of each asset is are determined by the Basket Asset Purchase based on their relative fair market value as follows:

Building = $3,350,000 × [$2,560,000 ÷ ($2,560,000 + $3,200,000 + $640,000)] = $3,350,000 × 0.4 = $1,340,000

Land = $3,350,000 × [$3,200,000 ÷ ($2,560,000 + $3,200,000 + $640,000)] = $3,350,000 × 0.5 = $1,675,000

Furniture and fixtures = $3,350,000 × [$640,000 ÷ ($2,560,000 + $3,200,000 + $640,000)] = $3,350,000 × 0.1 = $335,000

Therefore, the initial values of the building, land, and furniture and fixtures would be $1,340,000, $1,675,000, and $335,000 respectively.

6 0

3 years ago

Parsley, a world-famous chef, signs a contract to give lessons in French cooking to Curry. Parsley wants to transfer his duties

Margarita [4]

Answer:

C. <u>not valid because performance depends on Parsley's personal skills</u>

Explanation:

A valid contract refers to an agreement entered into by parties which legally binds both parties and is enforceable under the law.

For a contract to be termed as valid, it must be performed by the parties to it.

Performance clause in a valid contract refers to doing or acting in a way as is required by the terms of the contract.

In the given case, Parsley signed a contract to provide services i.e provide French cooking lessons to Curry. Later, Parsley wants to transfer his duties to Relish.

The transfer will not be valid since the performance i.e service to be provided by Parsley are of personal nature and the consideration is based upon that. No two individuals can provide exact services.

8 0

3 years ago

John’s Limited manufactures screws that are used in the manufacture of tables. The table manufacturers require that the screws m

Juliette [100K]

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5 0

2 years ago