Answer:
The given statement 'In fact,...observable' conveys the idea that <u>it is comparatively convenient and simple to calculate the amount or quantity of goods that are being produced within a firm, territory, or country to determine the economic worth directly</u>. On the other hand, estimating the amount or quantity of goods consumed by the people across a region or country is difficult and can not be observed directly. However, the latter is given more significance and determined more usually through calculating the expenditure made by the consumers depending on their choices and within their income constraints and these are the primary factors that affect the economic growth or development while the production theory lays emphasis on the maximization of profit.
Answer:
attached below is the Entity-Relationship diagram
Explanation:
Designing an ER ( Entity-Relationship ) Diagram for the mail order database using a data modelling tool
attached below is the an Entity-Relationship diagram created using all the information provided above
Answer:
Investors most commonly buy and trade stock through brokers. You can set up an account by depositing cash or stocks in a brokerage account. Firms like Charles Schwab and Citigroup's Smith Barney unit offer brokerage accounts that can be managed online or with a broker in person.
Answer:
The correct answer is: decrease; decrease.
Explanation:
A high inflation rate in the home country as compared to other countries implies that the price level will be relatively higher. This will cause the export demand to decrease and import demand to increase as the foreign goods will be cheaper than the domestic goods.
This increase in imports and a decrease in exports will cause the current account balance to decrease.
An increase in income will cause the demand to increase. A shift in the demand curve will cause the price level to increase. An increase in the price level will decrease the current account balance as mentioned above.
Answer: 10.67%
Explanation:
Mr Madoff is offering to grow the current value of $1,000 to a future value of $1,500 in 4 years.
This is a future value problem.
1,500 = 1,000 * ( 1 + interest) ^ 4 years
( 1 + interest) ^ 4 = 1,500/1,000
( 1 + interest) = 4√(1,500/1,000)
1 + interest = 1.1066819197
Interest = 1.1066819197 - 1
= 10.67%
