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vivado [14]
3 years ago
11

PLEASE HELP NOW!!! Why is a higher interest rate important when saving money?

Business
1 answer:
Fynjy0 [20]3 years ago
8 0
B.) It grows savings at a faster pace.

The interest rate determines how much money a bank pays you to keep your funds on deposit. Suppose you deposit $5,000 into a savings account, don’t deposit or withdraw any more money and the interest rate doesn’t change. If the account has a 1.00% interest rate and the interest compounds annually—that is, the bank pays you interest on your balance once each year—you’ll earn $50 after the first year. -Discover.com
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.Cantlivia is a small and poor nation, but its current prime minister has a desire to create more wealth for her citizens. The p
makkiz [27]
<h2>Establish a business environment that promotes and rewards is the choice which the Prime Minister likely to choose.</h2>

Explanation:

The motto here is to increase the wealth of the country.

Option 1: Invading other countries is unethical and also, it cannot assure that, Cantlivia will improve. The reason is the country which the option says is poorer than Cantlivia, so point of growth could be seen.

Option 2: Already the country economy is down, so purchasing new tools is not possible hence this option is invalid.

Option 3: We can increase wealth only by creating business and creating entrepreneurs. So this is the right choice.

Option 4: Creating a barrier will actually slow down wealth. So this option is not right.

4 0
3 years ago
Government inputs, especially the 1825 Erie Canal and subsequent projects like the Chesapeake and Ohio Canal, created an economi
QveST [7]

Answer:

The statement that “Government inputs, especially the 1825 Erie Canal and subsequent projects like the Chesapeake and Ohio Canal, created an economic advantage for the Northern states because the expense and time of moving freight dropped radically,” is True.

Explanation:

This is on the grounds that tax collection doesn't devastate the economy. Actually, they give income to the administration through which the legislature can back its improvement and government assistance ventures. In addition, burdens additionally fill in as an arrangement of salary re-conveyance for accomplishing higher fairness in an economy. What's more, in antiquated occasions refrigeration was finished utilizing ice-houses and so on.

5 0
3 years ago
Economics students often confuse (a) diminishing returns related to the variable factors of production and (b) diseconomies of s
Sholpan [36]

Answer:

Marginal Product:

The marginal product of an input that is being used in the production process of a good or services is the extra output generated by using the extra unit of that input. Alternatively, the marginal product is the output generated by the last unit of the input added only.

Explanation:

  1. Diminishing marginal returns means that as you adds more units of that input, the marginal product declines. That is, each additional of extra unit of the input results in decreased and less additional output. For example, the marginal product of labor usually decreases as the amount of labor increases because there is a fixed amount of capital used in the short run, so when labor increases, the capital per unit of labor decreases, which results in each and every extra working being less productive than the previous one.
  2. Dis-economies of scale, whereas, results in an increase in the average cost of production as the number of units increases. That's why diminishing marginal returns refers to production, and dis-economies of scale refers to the average cost. Dis-economies of scale often happened because the production levels get high, there is less management on each employee, resulting in each employee having less motivation to work as hard due to lack of production making it hard to notice that change.So, it may results in the average worker's productivity decreasing, causing the per-unit cost to rise.
7 0
3 years ago
Multiple Select Question Select all that apply Which of the following are facility-level activities? Human resource hiring fairs
Olenka [21]

The full question is:

Which of the following are facility-level activities? (select all that apply)

a. Paying factory insurance

b. Setting up factory equipment

c. Arranging for shipping products to a customer

d. Property taxes on plant

Answer:

Paying factory insurance

Property taxes on plant

Explanation:

Facility level activities are defined as those activities that cannot be traced to a particular product, but are carried out to maintain the general operations of a business. They are also called business sustaining activities.

Examples include depreciation, cost of security, cost of maintenance and taxes.

These activities need to be executed seamlessly by the business if they want to maintain efficiency of the production process. For example if machines are not maintained according to maintenance schedule, they can breakdown and cause delays in production.

7 0
3 years ago
Read 2 more answers
Hello, im stuck. if i could get some ideas for this i will mark you brainliest if i can.
Shtirlitz [24]

Answer: so you are giving someone instructions like how to make a sandwich with a lot of detail so someone could do everything you did :)

Explanation:

✪ ω ✪

3 0
3 years ago
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