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2 years ago

Which are the two best examples of long-term needs that people need to save for?

Business

1 answer:

dimulka [17.4K]2 years ago

3 0

Answer:

1. college education

2. medical emergencies

Explanation:

"Long-term needs" refer to things that you will be needing in the future. Among the choices above, the two best examples of long-term needs that people need to save for are: college education and medical emergencies.

Saving up for college is important if you want to have a bright future or a better salary. Having a good income will give you the chance to save up for your future home's down payment as well as mortgage payment. It will most likely give you a better quality of life. Thus, college education should come first.

Saving up for medical emergencies is also crucial because we're all human beings who, at some point, will deteriorate physically. There are also incidents which we cannot control such as "car accidents." Having money allotted for it will prevent you from borrowing money from other people.

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If the cross-price elasticity of two goods is negative, then the two goods are a. inferior goods. b. normal goods. c. complement

Solnce55 [7]

Option C. If the cross-price elasticity of two goods is negative, then the two goods are complements.

What is Cross-Price Elasticity?

Cross-price elasticity measures how sensitive the demand of a product is over a shift of a corresponding product price.
Often, in the market, some goods can relate to one another.
This may mean a product’s price increase or decrease can positively or negatively affect the other product’s demand.
A price increase of a complementary product will lead to lower demand or negative cross-price elasticity, and a price increase in a substitute product will lead to increased demand or a positive cross-price elasticity.
Unrelated products have zero cross-price elasticity.
For substitute products, an increase in the price of a substitute product increases the demand for the competing product.
This is often because consumers always try to maximize utility.
The less they spend on something, the higher the perceived satisfaction.

To know more about cross- price elasticity , refer:

brainly.com/question/15308590

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4 0

1 year ago

Net cash flow from a transaction equals the difference between cash received and cash disbursed in the transaction.

Ipatiy [6.2K]

Answer:

True

Explanation:

Imagine you're selling lemonade. It costs you $2 for a lemon, and you can make 5 glasses from it.

You sell each glass for $1.

At the end of the day, your profit per lemon = the total value of lemonade sold - the total cost of lemons. If you only sell 1 lemon worth of lemonade, it will be $5-$2 = $3 profit.

Net cash flow means the same as "profit".

6 0

3 years ago

Sylvester Motors Inc. has the following balances at the end of the accounting period:

Makovka662 [10]

Answer:

C $49,000

Explanation:

none

4 0

2 years ago

which section organizes, assigns, and supervises tactical response resources? a. logistics b. planning c. operations d. finance/

Ilia_Sergeevich [38]

Answer:

C (operations)

Explanation:

Operations Section Chief organizes, assigns, and supervises all the tactical or response resources assigned to the incident.

5 0

9 months ago

question 4 according to a forbes magazine study, the annual cost of cybercrime in the united states alone has reached how much?

jeka94

According to a forbes magazine study, the annual cost of cybercrime in the united states alone has reached about $100 million.

<h3>What is a cybercrime?</h3>

This refers to the use of computers or other electronic devices via information systems such as organizational networks or the Internet to facilitate illegal behaviors.

In 2021, the forbes magazine study shows that the annual cost of cybercrime in the united states alone has reached about $100 million.