<span>It is not necessary to build a new market supply schedule </span><span>when there is a change in the price of a good
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The Federal Reserve System can do all the given options except A. lender of last resort for consumers.
<h3>What does the federal reserve system do?</h3>
The federal reserve system of the United States is the central bank of the nation and as such, they engage in services like check clearing and regulating the money supply.
They also act as a lender of last resort to banks in order to ensure that they don't fail. The Fed does not lend money to consumers directly so this is not one of their roles.
Options for this question:
- A. lender of last resort for consumers
- B. regulation of the money supply
- C. supplying currency
- D. check clearing
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Answer:
<u>True!</u> A double-entry accounting is a standard accounting method that involves recording each transaction in at least two accounts, resulting in a debit to one or more accounts and a credit to one or more accounts. The total amount of the transactions in each case must balance out, ensuring that all dollars are accounted for.
Explanation:
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The resulting change in the quantity demanded is a five percent decrease.
<h3>What is the elasticity of demand?</h3>
Elasticity of demand measures the percentage change in quantity demanded in relation to the percentage change in price.
Elasticity of demand = percentage change in quantity demanded / percentage change in price.
percentage change in price = ($60 / $50) - 1 = 0.2 = 20%
percentage change in quantity demanded = -0.25 x 20% = -5%
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The international organization was discussed as possessing effective enforcement capacity ----The World Trade Organization
World Trade Organisation:
has enforcement capacity through its trade dispute panels that possess the capacity to impose trade penalties on offending states for violating their prior commitments for trade liberalization.The World Trade Organization (WTO) is the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world's trading nations and ratified in their parliaments.
What is the main goal of the World Trade Organization?
The overall objective of the WTO is to help its members use trade as a means to raise living standards, create jobs and improve people's lives. The WTO operates the global system of trade rules and helps developing countries build their trade capacity.
Who created the WTO?
The World Trade Organization (WTO) was established on January 1, 1995, under an agreement reached during the Uruguay Round of multilateral trade negotiations.
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