Answer:
The answer is: A) M1 stays the same and M2 stays the same
Explanation:
Total money supply is divided into:
- M1 includes all coins and bills in circulation plus traveler's checks and checking account deposits.
- M2 includes M1 plus savings accounts, short term deposits and money market accounts.
- M3 includes M2 plus long term bank deposits and institutional money market funds.
Answer: infant industry argument
Explanation:
The infant industry argument simply means that the new industries in a particular economy should be protected at all cost from the multinationals or already developed foreign firms so that they themselves can grow and that the foreign firms will not hinder their progress and growth.
This usually applies to small and newly established firms. One of the main reason for taxation is to help protect such industries from competition thqt can hinder them.
Answer:
Mortgage life insurance is necessary if you are a homeowner
Explanation:
Answer:
Using the high-low method, the estimated variable cost per machine hour for utilities is $1.875/ machine hour
Explanation:
High Low Method is a method used to separate Fixed and Variable Costs Components of a semi-variable cost/overhead.
<em>Step 1 : Establish 2 points - The Highest and The Lowest</em>
High - March 2,640 hrs : $8,100
Low - April 720 hrs : $ 4,500
<em>Step 2 Calculate the variable Cost Component</em>
Variable Costs = Overhead Cost difference /Activity difference
= ($8,100-$4,500)/(2,640hrs-720hrs)
= $3,600/1,920hrs
= $1.875/hr
