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Sophie [7]
3 years ago
15

The GDP of a country hasnt improved in the past three years. The central bank decided to take a measure that will increase the a

mount of
money people spend on goods and services. Which step should the central bank take?
A increase interest rates
OB
reduce interest rates
oc
increase taxes
OD
increase the required reserve ratio
OE increase the price of goods and services
Business
1 answer:
Leya [2.2K]3 years ago
4 0

The correct answer is B. Reduce interest rates

Explanation:

The GDP or gross domestic product is measured based on the amount of money products and services produced by a country cost. This concept is related to the amount of money people in a country spend on goods and services. Additionally, one of the ways to increase the GDP by motivating people to spend more money is if interest rates are reduced because if the interest rate is low (money people need to pay for a loan) consumers are more likely to request loans and use the money of these on goods and services. This increases the amount of services and goods and therefore has a positive impact on the GDP.

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Abraham has just purchased his first car. His bank, First State Bank, loaned him the money to buy the car and has required him t
fenix001 [56]

Answer:

Collision

uninsured motorist

comprehensive

liability coverage

Explanation:

From the question, we are informed about Abraham who has just purchased his first car. His bank, First State Bank, loaned him the money to buy the car and has required him to purchase insurance to protect the car as the collateral for the loan. In this case the basic types of coverage Abraham should buy to satisfy the bank requirement and to best protect himself from the risks of operating an automobile are;

✓ uninsured motorist

✓comprehensive

✓liability coverage

Insurance is very essential in protecting an individual or firm from any form of financial loss, it can be regarded as a kind of risk management and it is way to avoid uncertain loss. Then if Adam could buy the coverage he will be protected from loss in future.

3 0
3 years ago
In making the best economic choices, consumers compare the benefits of the choice to:.
ikadub [295]

In making the best economic choices, consumers compare the benefits of the choice to the cost of the choice.

<h3>How to make the best economic choices?</h3>

In making the best economic choices, the costs of the choice should be compared with the benefits of the choice. The choice should only be made when the benefits of making the choice exceeds the cost of the choice.

To learn more about costs, please check: brainly.com/question/14915288

#SPJ1

5 0
1 year ago
kentucky licensee giana manages three star realty’s main office. she’s in charge of training and mentoring the firm’s staff. wha
densk [106]

Giana who is in charge of training and mentoring the firm’s staff is a:

  • Principal Broker

<h3>Who is a Principal Broker?</h3>

A principal broker is found in many real estate offices. The role of these brokers is to ensure that all the staff and their methods of engagement are in agreement with the proscribed laws of the nation and state.

Since Giana has to train and mentor the firm's staff to conform to agreed standards, she can be referred to as a Principal Broker.

Learn more about Principal Brokers here:

brainly.com/question/14957025

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7 0
1 year ago
The characteristic that a new accounting standard should not favor one group of companies over others or achieve a particular so
Aleks04 [339]

Neutrality is the characteristic that a new accounting standard should not favor one group of companies over others or achieve a particular social outcome. Because management wants to see the company grow, financial statements created by the corporation are by definition slightly skewed. This implies that they are more likely to indicate improved performance while omitting to disclose negative incidents.

Management must produce entirely objective financial accounts in order to be neutral. For instance, a business that has knowledge of a potential lawsuit must record it in its financial statement notes. The financial statements would become unreliable in the eyes of creditors and outside investors if this information were withheld.

#SPJ4

7 0
1 year ago
If education creates external benefits, a. actual market outcomes provide less than the efficient quantity of education. b. actu
777dan777 [17]

Answer:

The correct answer is c. actual market outcomes provide a higher price than the efficient price of education.

Explanation:

In any country, there is a close positive correlation between a greater number of years of study and income, just as a higher degree of education is related to a lower incidence of poverty. In general, knowledge provides a great deal of benefits to its holders, so why might a government policy for investment in human capital be necessary? The answer could be that knowledge generates a series of “external benefits”, which are not always considered by people when making their decisions.

Economic activities generate costs and benefits, which can be private or external. In this way, whoever studies obtains a benefit for himself, for example a better salary, as explained above. That is the private benefit. But a series of external benefits are also generated, for example, the possibility of being better citizens, of improving the communication and performance of people in society, of generating new solutions to different human problems, among many others. Likewise, research and development activities lead to obtaining new knowledge. All these benefits are obtained thanks to preschool, primary, secondary, technical, university education, job training, among others.

4 0
2 years ago
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