Answer:
Demand for chocolate bars increases.
Explanation:
There are two goods: jelly beans and chocolate bars. They are substitute goods. We know that there is a positive relationship between the price of one good and the demand for other good. The substitute goods are generally have a positive cross price elasticity of demand.
This means that as the price of jelly beans increases then as a result the demand for chocolate bars increases even if the price chocolate remains the same.
Answer:
All Choices (i) (ii) and (iii) except (iv) are correct.
Explanation:
Solution:
Choices (i) (ii) and (iii) are correct in this question.
As we know that, it is a forward contract at the time of maturity so, Boeing 747 will have to deliver 10 million euros to the bank as per the forward contract obligation (fulfills the choice (i)). Furthermore, with forward currency, after selling 10 million euro worth of contract, Boeing 747 will take delivery at 14.6 million dollars which is in US dollars as currency exchange (fulfills the choice (ii)). Hence, after maturity it will not have any exposure to euro (fulfills the choice (iii)).
Hence, All Choices (i) (ii) and (iii) except (iv) are correct.
The correct answer is B. Division of labor means the steps of production are broken up and each has a corresponding job; this allows multiple people to work.
Answer: Option (c) is correct.
Explanation:
The purpose of Sarbanes-Oxley act is a federal law that is created for the supervision of public companies. It is introduced to audit and financial regulation of the companies. Also, it is established to help protect the general public, shareholders and companies from the fraudulent activities and accounting error.
Answer: (B). raises the quantity of labor supplied and reduces the quantity of labor demanded compared to the equilibrium level.
Explanation: When a minimum-wage law forces the wage to remain above the level that balances supply and demand, it raises the quantity of labor supplied and reduces the quantity of labor demanded compared to the equilibrium level.
