Answer: C. 10 years
Explanation: A long-term goal will take many years. An example is saving up enough money to buy a house. This will take many years to achieve the goal.
Answer:
$351,912.61
Explanation:
Data provided in the question:
function that models the rise in the cost of a product
C = $285,700
t = 14 years
r = 1.5% = 0.015
Now,
On substituting the respective values in the given function, we get
inflation-adjusted cost in 14 years i.e C(14) = $285,700(1 + 0.015)¹⁴
or
C(14) = $285,700 × 1.2317
or
C(14) = $351,912.61
Answer:
.b. it forces firms to internalize the external cost of emissions
Explanation:
A carbon tax is a fee imposed by the government on any firm that burns fossil fuels. Fossils most used by firms include gasoline, coal, oil, and natural gases. Burning of these fossils emits greenhouses gases such as carbon dioxide and methane, which creates global warming by heating the atmosphere.
A carbon tax forces enterprises to pay for the harsh effects of global warming on society. If the tax is set at a high rate, it deters firms from burning fossils. Companies adopt environmentally friendly production processes to avoid the carbon tax.
Pros:
No one can stop you from picking that person/place/thing.
Cons:
you don't know what to decide.
Answer:
The amount of money created will be $1,250,000
Explanation:
In order to find the maximum amount of money that will be created in the banking system as a result of a deposit, we need to find the money multiplier.
Multiplier = 1/reserve ration = 1/0.2 = 5
The amount of money created = Multiplier *Initial deposit
Amount of money created = 5* 250,000
= 1,250,000
