Answer:
It is not a valid agreement as it has to be in writing the no of widgits per month and cost of widgit.
Explanation:
Widgit is liable to Midgit if only if there exists a written agreement regarding quantity and price per month. If there is one, then Widgit is liable to Midgit for breking the agreement.
The method of GDP calculation that looks at the profits earned by business owners and the money paid for factors of production is the <u>Income approach</u>.
<h3>How is the income method of GDP used?</h3>
With the income method, the total amount that was paid for to access the factors of production is looked at.
This shows how much spending happened in the economy. The profits of entrepreneurs is also looked at as it is income earned, and not money spent on production.
Find out more on the income method of GDP at brainly.com/question/994415
#SPJ1
Answer:
She shouldmove maybe 1 of the employees as manager that manages the taxes and general paperwork and give the employees what to do each week or just each shift if thats working but it doesnt seem too productive
Explanation:
Answer:
Provide a device through which the credit-creating activities of banks can be controlled
Explanation:
The legal reserve requirement is the minimum amount mandated by Central banks for banks to have as their minimum reserves.
The legal reserve requirement is used by the government as a means to control the supply of money in the economy.
If the central bank wants to reduce money supply, it increases the legal reserve requirement and if it wants to increase money supply, it reduces the legal reserve requirement.
A high reserve requirement reduces the amount that banks can make available for loans.
I hope my answer helps you
Answer:
The answer is: E) It would not necessarily be considered high elsewhere
Explanation:
Usually the inflation rate in the US and Europe is around 1-3%. In the early 1980's the US inflation rate was above 10% so it was considered huge. But if you consider it against inflation rates in other countries, like Argentina for example, which currently has an annual inflation rate of over 60% then it wasn't that big. During the 1980's many countries suffered from hyperinflation, with monthly inflation rates of over 50%.
So the high inflation rate in the US and Europe wasn't necessarily high for other countries.