Lets talk about all the terms. First of all, zero-sum game theory and rational choice theory are mathematical theories that are used to analyze financial phenomena. The first one is against this view and the second one is a general framework that does not say what its stance is; it is certainly not the basic message of rational choice theory. The mercantilist theory is a theory that favors trade restrictions, so this is not the right choice. THe theory of absolute and comparative advantage are related; the first one says that only a country can make a product in a good way, while the second theory claims that eeach country should specialize in what it is best at producing. The comparative advantage theory makes the case that if there are many goods, one should not need to bother to produce those which he is bad at producing; he should produce a surplus of his specialty and then trade with others (and their specialty products). Thus, comparative advantage is the correct choice.
Answer:
They will be less likely to rent an apartment and more likely to own a home. A product whose demand falls when income rises, and vice versa, is called an inferior good. In other words, when income increases, the demand curve shifts to the left.
For normal economic goods, when real consumer income rises, consumers will demand a greater quantity of goods for purchase. ... When nominal income increases without any change to prices, this means consumers can purchase more goods at the same price, and for most goods, consumers will demand more.
Explanation:
Answer:
B) False
Explanation:
Not necessary. Every transactions has two parts recorded as a debit and a credit.
If the purchases of US assets (credit to US capital account, broadly include Treasury bonds, businesses and land) are funded by the sales of goods and services (debit to US current account) then it will push the US balance of payments down.
However, if those purchases are funded by the sales of foreign assets to US investors (debit to US broadly defined capital account), then it will not affect the US BOP negatively. It's the cross ownership of international investors in US assets and US investors in international assets.
Answer: $2.39
Explanation:
Physical units accounted for = 160,000
Conversion cost = $387100
Number of units will be:
= 160,000 + 50%(4000)
= 160000 + 0.5(4000)
= 160000 + 2000
= 162000
Conversion cost per unit will be:
= 387100 / 162000
= $2.39
Answer:
D) The negotiator role
Explanation:
Business managers often have to negotiate with suppliers, employees or in this the landlord in order to solve a potential conflict, lower costs or maximize revenues. When two parties negotiate, they both seek to maximize their own benefit, so a negotiation process can either result in a better or worse position for the company.
In this particular case, Marvin negotiated with his landlord in order to lease another floor of the building at a lower than market cost which benefits the financial situation of the restaurant. He did a good job and was a good negotiator since his company will benefit from this negotiation process.
