<span>I this case, the loan is still valid and at that point Mike would be responsible for finding a way to pay the loan back as agreed upon in the contract. This is called co-signing, when two parties both sign for a loan together. Both parties are responsible for the loan and even though David cannot be found, the loan must still be paid and Mike would be held responsible for this.</span>
Complete Question:
The "invisible hand" using Adam Smith's terminology refers to
a. government control of the market.
b. market forces working through the price mechanism.
c. the money supply that serves to keep the economy working smoothly.
d. the role of innovation in maintaining a steady rate of growth.
e. "behind-the-scenes" policy making to influence how markets allocate scarce resources.
Answer:
The "invisible hand" using Adam Smith's terminology refers to Market forces working through the price mechanism.
Explanation:
The invisible hand is the in observable market force, which helps demand and delivers goods automatically to balance in a free market.
Description: In his book ' The Wealth of Nations ' Adam Smith implemented the phrase of the invisible hand.
An invisible hand that defines the processes through which favorable social and economic effects that emerge out of the self-interested behaviors obtained by individuals, who have no intention of producing such results. The term developed by the eighteenth-century British philosopher and economist Adam Smith.
Answer:
Brady will receive $850,000
Carson will receive $250,000
Addie will receive $100,000
Creditors will receive $300,000
Explanation:
The partnership is being dissolved and $1,500,000 will be distributed as follows:
$300,000 to pay debts to creditors
$450,000 to pay for Brady's loan
$300,000 for Brady's initial contribution
<u>$150,000 for Carson's initial contribution</u>
$300,000 are left to be divided equally between the three partners:
- Brady will receive: $450,000 + $300,000 + $100,000 = $850,000
- Carson will receive: $150,000 + $100,000 = $250,000
- Addie will receive $100,000
