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Nezavi [6.7K]
4 years ago
9

Personal likes and dislikes affect the elasticity of a good or service true or false

Business
1 answer:
Assoli18 [71]4 years ago
3 0
The answer is false.
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b. If foreigners spend $7 billion on U.S. exports in a given year and Americans spend $5 billion on imports from abroad in the s
LiRa [457]

Answer:

$2 billion

Explanation:

Foreigners spend $7 billion on U.S net exports

Americans spend $5 billion on imports

Therefore the value of U.S net exports can be calculated as follows

= $7 billion-$5billion

= $2 billion

Hence the value of U.S net exports is $2 billion

7 0
3 years ago
he next dividend payment by Savitz, Inc., will be $5.05 per share. The dividends are anticipated to maintain a growth rate of 5
VashaNatasha [74]

Answer:

16.74%

Explanation:

Current Price = Expected Dividend / (Required Return - Growth Rate)

Required Return = (Expected Dividend / Current Price) + Growth rate

Required Return = ($5.05 / $43) + 5%

Required Return = 0.1174419 + 0.05

Required Return = 0.1674419

Required Return = 16.74%

3 0
3 years ago
econ George and John, stranded on an island, use clamshells for money. Last year George caught 300 fish and 5 wild boars. John g
kupik [55]

Answer:

The GDP of the island is  1,350 clam shells.

Explanation:

George and John produce fish, boars, and bananas in their two-person economy. Fish sell for 1 clamshell each, boars sell for 10 clamshells each, and bananas go for 5 clamshells per bunch.

In this economy, the GDP will be the value of final goods and services produced. Intermediate goods will not be included.  

Digging bait for fishing and the purchase of banana trees will not be included in the GDP.  

The GDP of the island in terms of clamshells will be  

= (300\times 1) + (5\times10)+(200\times5)

= 300 + 50 + 1,000

= 1,350 clam shells

8 0
3 years ago
The CEOs of two pharmaceutical companies are having lunch. They discuss the unfair costs of ordering from a manufacturer that su
Diano4ka-milaya [45]

Answer:

Group boycott

Explanation:

Group boycott is when competitors agree to not buy or sell to a supplier or customer or do it only under certain conditions. According to this, the answer is that the strategy is called group boycott because the CEOs of the two companies agree not to work with the manufacturer.

3 0
3 years ago
the marginal benefit of an additional beach towel is $12 the marginal cost of producing an additional beach towel is $8 as produ
Alex17521 [72]

Answer:

The correct answer is D. beach towel production is both allocatively and productively efficient.

Explanation:

Productive efficiency (also known as technical efficiency) occurs when the economy is using all its resources efficiently, producing maximum production with minimum resources. The concept is illustrated in the Production Opportunities Frontier (FPP) in which all points of the curve are the points of maximum productive efficiency (that is, no more products can be achieved from the present resources).

3 0
4 years ago
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