Answer:
Correct answer is (C) the Argentine government lost the ability to maintain the pegged relationship as in fact investors and traders perceived a lack of equality between the Argentine Peso and the U.S. dollar.
Explanation:
The country took this step because the Argentina monetary policy was an improper exchange rate and as such the pegged rate failed. That period is refer to as Argentina's currency crisis year as the monetary policy can no longer be sustained.
Answer:
a. iii. Too little
b. i. The industry's supply of cashews will exceed Q1 and the price of cashews will equal P1.
Explanation:
Allocative efficiency refers to the point in production where Marginal Revenue equals Marginal cost. As this is a perfectly competitive market, marginal revenue is the same as price which as shown in the question, exceeds Marginal cost. The firms are therefore producing too little to achieve allocative efficiency and need to produce more to make price and marginal cost equal.
In the long run, the firms will produce more such that supply would exceed the original quantity supplied of Q1. This will lead to the price falling back to P1 as there is now less scarcity.
Answer:
C
Explanation:
Compare the prices. You can tell which item cost less per unit and is the best deal.
Answer:
The correct options to fill the gaps are
- Responsibility Centres;
- Responsibility Centres.
<em>Fill the blank spaces in the sentences we have:</em>
Many companies try to to organize their business into <em>responsibility</em> centers, because they can hold the manager of each responsibility center accountable for the entire performance within his/her responsibility center. The problem with the other three types of responsibility centers is that excuses are so easy to come by: "I didn’t have the resources I needed," "Another department drove up costs," or "Another department didn’t sell enough." With <em>responsibility</em> (same word as before) centers, the manager has authority over revenue, costs, and investments.
Explanation:
<em>In order to have a better insight into the meaning of the above statement, let us understand the concept of A responsibility centre.</em>
<em>A responsibility center</em> is a part or sub-unit of a company in which the manager has some degree of authority and responsibility. The company's detailed organization chart is a logical source for identifying responsibility centers. The most common responsibility centers are the numerous departments within a company.
<em>FIND ATTACHED DIAGRAM OF A RESPONSIBILITY CENTRE</em>
Answer:
The answer is $500
Explanation:
Disposable income is the income left after deduction of tax and other statutory deductions. It is income that a worker receives.
Increase in tax reduces disposable income and vice-versa.
Disposable income increases by $2,000 while spending increases by $1,500.
In finance, money not spent is saved. So we have
$500($2,000 - $1,500) as the amount saved.
$500 is the increase in saving.