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Mila [183]
2 years ago
6

Throughout human history we know that Group of answer choices all countries will eventually return to very low levels of real GD

P per capita. None of the above. most countries were only able to establish a few decades of high levels of real GDP per capita. not until the early 19th century were a few countries able to establish sustained long-run economic growth. all countries were able to establish periods of high levels of real GDP per capita.
Business
1 answer:
kkurt [141]2 years ago
3 0

Answer:

not until the early 19th century were a few countries able to establish sustained long-run economic growth.

Explanation:

Industrial revolution (industrialization) can be defined as a period of significant change in economic and social manufacturing process characterized by the use of handicrafts and agrarian methods to the use of power-driven equipments and machines. Basically, the industrial revolution began in Great Britain (England) between 1760 to 1840 and eventually spread across other countries of the world.

Prior to industrialization, humans and animals were largely used as a means to generate power, execute tasks or do certain things during the production and distribution process.

However, in the advent of industrialization and technological advancement, machines were invented to replace human and animal power.

Some examples of such inanimate sources are Steam plants, Nuclear plants, Wind etc.

In human history, we know that not until the early 19th century were a few countries able to establish sustained long-run economic growth.

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Suppose that a bank's actual reserves are $5 million, its checkable deposits are $5 million, and its excess reserves are $3 mill
lesya692 [45]

The reserve requirement is 40%.

<h3>What is the reserve requirement?</h3>

Reserve requirement is the percentage of deposits that is required of commercial banks to keep as reserves with the Central Bank. The reserve requirement is a told that is used by the Central Bank of a country to control the level of money supply in the economy.

The first step is to determine the reserves of the bank.

Reserves = checkable deposits - excess reserves

$5 million - $3million = $2 million

Reserve requirement : (reserves / checkable deposits) x 100

($2 million / $5 million ) x 100 = 40%

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4 0
2 years ago
One effective way to manage credit card debt is to:
sergey [27]

Answer:

C. replace high-interest credit cards with low-interest options.

Explanation:

A credit card provides a secure and convenient way to pay for goods and services even when they do not have money. The credit card gives the user access to instant credit every time they use it. The user does not incur any charges should they pay the amount due before its due date.

Credit card interest rate charges are among the highest in the industry. If the user is late in their payment, the interest fee and other charges accumulate real quick. Shifting to cards with lower interest is one way of managing credit card debts.

7 0
3 years ago
Read 2 more answers
Which of the following statements is true of financial accountants
I am Lyosha [343]
What are the statements to the question?
8 0
3 years ago
Cycle Sporting Goods sells bicycles throughout the northeastern United States. The following data were taken from the most recen
koban [17]

Answer: 1250 units

Explanation:

GIVEN the following ;

JULY :

Expected sales = 1,990 units

Ending of month target inventory =400 units

AUGUST:

Expected sales = 2,140 units

Ending of month target inventory =490 units

SEPTEMBER:

Expected sales = 2,070 units

Ending of month target inventory =460 units

Ending of month target inventory in July = August beginning inventory = 400units

Expected August unit sales = 2,140 units

AUGUST ending inventory = 490 units

Expected sales = beginning inventory + purchased inventory - ending inventory

2140 = 400 + purchased inventory - 490

2140 = 890 + purchased inventory

Purchased inventory = 2140 - 890

August purchased inventory should be = 1250 units

8 0
3 years ago
andie needs to borrow $6,000 to buy a car. one dealer offers her a monthly payment of $193.60 on a 3-year loan with an apr of 10
Kitty [74]

Given the above stated information, the the correction options is C. Three year loan costs less than 4 year loan.

<h3>What is a the calculations justifying the above answer?</h3>

The computation is executed using excel. Here is the explanation for same:

  • There are two loan choices available. We must calculate the total payments for both alternatives and choose the one with the lowest cost.
  • The first option is to pay $193.60 per month with 10% interest for 3 years.
  • The second option is to pay $158 per month for four years at 12% interest.
  • Total cost for option 1 is $969.60.
  • Total cost for option 2 is $1584.00.

Hence from

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Full Question:

Please see the attached image

7 0
2 years ago
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