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3 years ago

Without a_________to govern resources, scarcity becomes a major problem for people who live in brutal, collectivist societies.

1 answer:

7 0

Without a REGULATION to govern resources, scarcity becomes a major problem for people who live in brutal, collectivist stories.

Explanation:

Scarcity in any area, can arise/occur in a place where the resources are not enough due to rapid increase in population.
For example, with an entire nation dependent on its primary economy - agriculture - soil, water and land become scarce within less time before any action/rule can be imposed.
Demand-supply, structural induced scarcity are the two types that can occur commonly.
Here, in a Collectivist society where, a group/culture/community on a whole is taken into account rather an individual alone, scarcity can be observed in wide range.
<em>If there is no limit regulated on how much an individual can own or work on, the middle economic and lower economic class will fall into below poverty line.</em> To enhance their livelihood and improve the economy of a nation, a regulation to govern resources is necessary.

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2 years ago

The IRS agent who audited the Form 1120 filed by Alano Inc. concluded that $300,000 of the salary that Alano paid to its CEO and

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Answer: Alano's taxable income increases by $300,000.

Explanation:

Constructive dividends are paid to a shareholder and classified in such a way that they are not to be seen as taxable dividends.

If during auditing however, the IRS determines that it was indeed a taxable dividend, it becomes a constructive dividend.

Constructive dividends are taxable by definition so Alano's taxable income increases by the amount of dividend of $300,000.

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2 years ago

Suppose that Dunkin Donuts reduces the price of its regular coffee from $2 to $1 per cup, and as a result, the quantity sold per

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Answer:price elasticity of demand for Dunkin Donuts’ regular coffee is 1.8

Explanation: Using the midpoint formnulae

Price elasticity of Demand =percentage change in quantity demanded/ Percentage change in price.

Percentage change in quantity = new quantity - old quantity / (new quantity + old quantity)/2 x 100

= 40-10/(40+10)/ 2 = 30 /25 = 1.2 x 100 =120%

Percentage change in price = new price - old price / new price + old price)/2 x 100

= 1- 2 / (1+2)/2= -1/1.5x 100 = -66.67 %

Price elasticity of Demand =percentage change in quantity demanded/ Percentage change in price.

= 120%/-66.67%= -1.79 = -1.8

For Price elasticity of demand, the sign is not included and the basis for elasticity is on the value itself . here we can conclude that the Price elasticity of demand for Dunkin donut is 1.8 and elastic because a fall in price led to an increase in amount being sold.

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3 years ago

If the current interest rate is 5% and your semi-annual coupon paying bond has a duration of 5.33 years, how much will the price

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Answer:

Percentage change in price = -5.33 * 0.00005

Explanation:

Percentage change in price = - modified duration * (Change in yield in BP/100)

Percentage change in price = -5.33 * ((0.01/2)/100)

Percentage change in price = -5.33 * (0.005/100)

Percentage change in price = -5.33 * 0.00005

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3 years ago

A young couple is planning for the education of their two children. They plan to invest the same amount of money at the end of e

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Answer:

The couple must save $ 6,598 each year

Explanation:

Calculating the payment amount:

Cost per year = $25,000 per each child

Cost for 4 years = $25,000 × 4 = $100,000

For the oldest child, the college will begin in 16 years and the second child the college will begin in 18 years.

Calculating the amount to be deposited each year for the oldest child.

Using Microsoft Excel PMT function

Rate = 8%

N = 16

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FV = -100000

= $3,298

Therefore, they must deposit $3,298 each year for their oldest child.

Calculating the amount to be deposited each year for the second child:

Using Microsoft Excel PMT function

Rate = 8%

N = 18

PV = 0

FV = -100000

= $2,670

Therefore, they must deposit $2,670 each year for their second child.

Total sum to be saved per year = $3,298 + $2,670 = $6,598

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3 years ago