Answer: the goods and services that money can buy.
Explanation: this phrase simply means we only want money so we can spend it on other goods/services. Examples of such goods and services are
1. Cars
2. Electronics ( Television s)
3. Foods e.t.c
This begs the question what is money: money is a medium or means of exchange, money can be banknotes or coins.
Answer:
a) all trades that can generate gains from trade take place, and no trades take place that would not generate gains from trade.
Explanation:
When we draw the demand and supply curve, the point in the curve where both meet shows that the market is in a state of equilibrium.
The price is the equilibrium price and the quantity is the equilibrium quantity. Prices would become stable at this point. At this point every trade that would bring about gains from trade would take place. There would be no trade in the market equilibrium that would not generate gains from trade. This is because the market equilibrium is an optimum point for trade for either party, that is the buyer and the seller.
Answer:
5.52%
Explanation:
Cost of Furniture= $150,000
discount= 5.25% (120-day note)
To get the exporter's true effective annual financing cost, we have:
![150,000*[1-(0.0525*120/360)] = 147,375](https://tex.z-dn.net/?f=%20150%2C000%2A%5B1-%280.0525%2A120%2F360%29%5D%20%3D%20147%2C375%20)
=(150,000/147,375) 365/120-1 = 5.52%
Therefore, the exporter's true effective annual financing cost is 5.52%
6% annual output must be sacrificed in the transition.
Annual output is the sum of the Annual Production for a given year plus the amount of Poly Purge recycled for that year, or a fraction thereof.
A unit of annual output is the total amount of products or services produced in a certain time frame (for instance, a year). The number of units of a single good produced by a company in a certain period of time, such as a month or a year, is its output. something created, for example. steel output, mineral, agricultural, or industrial production. B: Intellectual or creative output Literature. C: The quantity a person produces in a specific period of time.
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