Answer:
The opportunity cost of 1 balloon in Lorland is = 0.20 strawberries.
Explanation:
The opportunity cost of 1 balloon refers to the number of strawberries Lorland needs to sacrifice in order to produce 1 balloon. From the given information, we know that Lorland needs to sacrifice 16 strawberries for 80 ballons. So, for 1 balloon, it needs to sacrifice 16/80 = 1/5 = 0.20 strawberries.
So, the opportunity cost of 1 balloon in Lorland is = 0.20 strawberries.
Answer:
c. reduce government costs by relocating government programs to private groups or corporations.
Explanation:
Privatisation is reducing the share of government ownership & increasing the share of private ownership.
It can be done in two ways : Disinvestment of Public Sector Units (PSUs) Equity , Transfer of PSU (s) ownership & management to private sector.
Privatisation by either of the two ways reduces the financial burden on government, by liberating them from management of public sector or state owned enterprises. This public private reallocation, hence reduces government costs or expenditure - by assigning programs unnecessary to be done by public sector - to private groups or corporations.
Eg : When Indian Economy underwent New Economic Policy [Liberalisation, Privatisation, Globalisation] in 1991, it reduced government reserved sectors from 18 to only crucial 3 - Railways, Defence etc.
Answer:
Explanation:
Reserve Ratio is the amount of liabilities that are held reserved by the commercial banks. The ratio indicated the amount which the bank has to hold as a reserve. Any amount in access of this ratio can be invested or held in bank reserves.
So in this question, the reserve ratio is 11%, of $132000, which is 14520 dollars. So 117480 dollars are left which can be invested to deposited in the total reserves. So A bank has $132000 in excess reserves and the required reserve ratio is 11%. This means the bank could have $14520 in checkable deposit liabilities and $117480 in total reserves.
Answer:
C)Financial Accounting Standards Board (FASB)
Explanation:
The Financial Accounting Standards Board can be regarded as a private as well as a non-profit organization standard-setting body that is been set up primarily for establishment as well as improvement of Generally Accepted Accounting Principles in the interest of the public, it base in United States. It is set up carry out purposes such as financial accounting as well as reporting of standards for both public and private companies. It was established in year 1973. It should be noted that Financial Accounting Standards Board is a kind of organizations that is currently
responsible for establishing and improving standards of financial accounting and reporting for the guidance and education of the public, which includes issuers, auditors, and users of financial information.
