Answer:
the purchasing power of money to decrease.
Explanation:
Inflation, in economic terms, refers to the rise in the price of the goods and services for a certain period of time. The value of money is decreased.
With the commencement of Inflation, the purchasing power of the money falls. With the rise in the price, the monetary value of the money decreases which leads to purchase fewer goods and services.
Answer: Option (C)
Explanation:
In discipline such as economics, Dumping is referred to as or known as type of an injuring pricing, which is especially in context to the international trade. It tends to occur when the manufacturers export a commodity or product to another nation at price which is below normal price in order to have an injuring effect. The main objective of the dumping is to help increase the market share of an organization in the foreign market, therefore done by driving out the competition and thus creating a monopoly where exporter are able to dictate quality and price of the commodity.
Answer: The opportunity cost ratio for Jedidiah Schlepp per week is 1.2 gizmos per unit of whatsit or 1.2:1.
Jedidiah Schlepp can produce a maximum of either 24 gizmos or 20 whatsits in a week.
So,
24 gizmos = 20 whatsits
Since we need to express the opportunity cost ratio as number of gizmos to one unit of whatsit, we divide both sides of the equation by 20.
We get,
Answer:
the amount of interest expense as on June 30 is $50,000
Explanation:
The computation of the amount of interest expense as on June 30 is shown below
= Bond amount × rate of interest × number of months ÷ total number of months
= $2,000,000 × 5 months × 6 months ÷ 12 months
= $50,000
hence, the amount of interest expense as on June 30 is $50,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
Sally (the buyer) should pay $865.58 and the seller should pay $368.42.
Explanation:
First we must determine property taxes per day = $1,234 / 365 = $3.38 per day
The seller is responsible for the property taxes until the closing date = 31 days for January + 28 days for February + 31 days for March + 19 days for April = 109 days x $3.38 per day = $368.42
Sally would be responsible for the remaining taxes = $1,234 - $368.42 = $865.58
