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3 years ago

Which two were weaknesses of the Articles of Confederation?

Business

1 answer:

Minchanka [31]3 years ago

5 0

Answer:

A. The federal government could not levy taxes.

C. The federal government could not raise an army.

Explanation:

The Articles of Confederation established a confederacy in which the states were given full sovereignty and the central government was given very few powers. Some of the weaknesses of this constitution was that the government could not levy taxes and therefore was unable not pay their expenses and debts owed from the Revolution or to secure new funds, instead it could only raise money by borrowing from foreign governments, selling western lands or asking the states for funds (which had the option to reject the request). Likewise, even though the government had the power to declare war, it wasn't authorized to draft soldiers from the states and therefore, it was also unable to raise an army.

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When Gene started his window-washing business, he wanted to keep things simple. He liked the idea of being his own boss and the

Alex17521 [72]

Sole proprietorship

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3 years ago

Read 2 more answers

Assume that banks hold no excess reserves and that all currency is deposited into the banking system. If the required reserve ra

GrogVix [38]

Answer:

2.75 million

Explanation:

Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank

Required reserves = reserve requirement x deposits

Increase in value of money supply as a result of the purchase is determined by the money multiplier

Money multiplier = 1 / reserve requirement

1/0.05 = 20

increase in money supply = amount of open market purchase / reserve requirement

55 / 20 = 2.75 million

3 0

2 years ago

Mary, Susan, and Sarah are running a beach boutique on the board walk of Ocean City. Their favorite product is a red lifeguard h

Fofino [41]

Answer:

358.33 times

Explanation:

The computation of the simple forecast combination is shown below:

= (Forecast sales done by Mary + Forecast sales done by Susan + Forecast sales done by Sarah) ÷ (Total number of observations)

= (341 + 535 + 199) ÷ (3)

= (1,075) ÷ (3)

= 358.33 times

We simply divided the total sales forecasted done by each one by the total number of observations

8 0

3 years ago

Assume that you purchased a $1,000 perpetual bond (coupon payment is $50) and the interest rate on that bond declined from 5 per

Svetlanka [38]

Answer:

D) all of the above

Explanation:

First find the present value for each alternative using PV of perpetual cashflow formula;

PV = CF / rate

CF = 50

If rate= 5%;

PV = 50/0.05 = $1,000

If rate = 2%;

PV = 50/0.02 = $2,500

With these two calculations, we see that;

-the bond price increased by $1,500

-you could sell this bond at a capital gain, meaning you can sell it a higher price that what you bought it for.

-at an interest rate of 2%, the speculative demand for money would increase

Hence , all these choices are correct!

5 0

3 years ago

The big problem with average-cost pricing is that:A. fixed costs are hard to estimate.

zavuch27 [327]

Answer:

B. it ignores the firm's demand curve.

Explanation:

A: With the help of average cost pricing, the fixed cost can quickly estimate. Therefore, it cannot be the answer.

C: The average cost must consider the effect of variable cost. Therefore, it is also the wrong statement.

D: It is easy to estimate profit if there is an average cost pricing.

B: average-cost pricing always ignores the demand curve because it is a "U" shaped curve. Because after a certain level of product selling, the average cost is increasing. On the other hand, demand curve is such that if the price decreases, the quantity demanded increases. Therefore, it is a downward slopping curve. Hence, it is understood that, average-cost pricing ignores demand curve.

6 0

3 years ago