Answer:
The correct answer is option D.
Explanation:
Even though the democratic republic of Congo is rich in natural resources while Switzerland has almost no natural resources, but Switzerland is among one of the richest countries while Congo is among the poorest.
This indicates that abundant natural resources are not the only factor required for economic growth. Other factors such as human capital, physical capital, state of technology, etc. are also necessary for economic growth. Abundant natural resources cannot be efficiently utilized without these factors.
Even if a country is not rich in natural resources but possesses these factors, it can still have high economic growth.
Answer:
The one time fee that the owner should charge is $1764.71
Explanation:
To calculate the one time fee, we take this as a perpetuity and calculate the value or price of the perpetuity based on the fututre cash flows discounted to today's price by a certain dicount rate.
The discount rate is taken as 8.5% which is also the market interests rate.
The formula for the value/price of the perpetuity is,
Value / Price = Cash flow / Discount rate
Value / Price = 150 / 0.085
Value / Price = $1764.705 rounded off to $1764.71
Answer:
equation will be 2x+5
Explanation:
We have given the cost of shipping box = $5
Flat packing fee = $5
As given, the cost of shipping a box is based on its weight in pounds so it is variable
And a flat rate of $5 for packing. This means $5 is common for each parcel that will be sent. Only the weight will vary.
So the equation will be 2x+5
I think so, but there may be some exceptions--if any.
