Answer:
The correct answer is option B.
The correct answer is option D.
Explanation:
If the number of firms in an industry decreases, the overall market supply will decrease. This decrease in supply will cause the market supply curve to shift to the left. So the statement given in the question is false.
The cost of production is inversely related to supply. An increase in the cost of production causes supply to decline, shifting the curve to the left and vice versa.
Technology and productivity are directly related, an improvement in technology will cause the supply to increase shifting the curve to the right.
Taxes cause the supply to decrease as it is seen as a cost and it reduces the price received by the firms. This causes the supply curve to shift to the left.
Subsidies reduce the cost of production so the supply curve shifts to the left.
Diversification is important in investing because "It helps you to balance your risk across different types of investments".
Explanation:
Diversification is a risk management approach that includes investing beyond or within various asset types to depreciate the ups and downs of economic exchanges. In different terms, diversification is thereby not owning all your eggs in one basket. Diversification goes by expanding properties beyond and within various asset types. Because asset types have their own individual financial rounds, when one class is making substantial profits, another may not be functioning as well. By expanding your purchases beyond and within distinct asset categories you’ll be in an immeasurable situation to offset the buoyancy of unique expenses.
<span>The market refers to the buying and selling abilities within a ocal, state, or national economy.</span>
Answer:
Joan will pay income tax on the $10,000 she withdrew in 2018.
Explanation:
When withdrawing from traditional retirement account, the following rules apply:
1. Withdrawals before attaining the age of 59.5 years attract a penalty of 10%, along with income tax on the amount withdrawn.
2. Withdrawals after the age of 59.5 years are treated as income, so income tax is paid on it. In this case tax on the $10,000 withdrawn.
3. At age 70.5 and above you must take the Required Minimum Distribution (RMD) from the pension account.
Note: Roth IRA does not attract tax payments for ages 59.5 years and above, unlike traditional IRA that attracts income tax.
RMD payments does not apply for Roth IRA.
