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3 years ago

The following table contains statements that provide some analysis of policies that address globalization.

Business

1 answer:

Dimas [21]3 years ago

6 0

Answer:

Positive statement

Normative statement

Positive statement

Normative statement

Explanation:

Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.

For example, -In the past decade, U.S. companies have outsourced millions of jobs overseas - is a statement that can be verified with data

Normative economics is based value judgements, opinions and perspectives. For example, -Companies that outsource jobs are acting immorally - is subject to opinion. Some would agree and some would not

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Seth, Janice, and Lori each borrow 5,000 for five years at an annual nominal interest rate of 12%, compounded semi-annually. Set

Margaret [11]

Answer:

The total amount of interest paid on all three loans is 8,748.

Explanation:

Each person has borrowed 5,000 for the same period and with the same interest rate. However, the repayment is made differently by each person.

We calculate the interest paid by each person, and then sum up the three interest payments.

Seth pays = [5000 x (1 + 0.12/2)^10] - 5000 = 3,954

Janice pays = 5,000 X 0.06 x 10 = 3,000

Lori pays = [(5,000 x 10) / 7.36] - 5,000 = 1,794

Total interest payment = 3,954 + 3,000 + 1,794 = 8,748

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3 years ago

Read 2 more answers

Explain why peccarelli returned to guatemala and describe the goals his team are trying to accomplish.

Leno4ka [110]

The reason why Peccarelli returned to Guatemala was to look for the bodies of a tragedy that happened in his childhood and help identify them. His team’s goals are to talk to the families of the deceased and to give the families closure.

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3 years ago

For fair housing purposes, what is the definition of the term disability?

alexgriva [62]

A handicap that limits a persons movement, senses, or activity. It puts them at a disadvantage compared to others and is recognized by the law.

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3 years ago

There are a number goods that over time, for a variety of reasons, transition from being a normal good to an inferior good or fr

boyakko [2]

Answer:

d. the camry becomes an inferior good because the good is now perceived as lower in quality than a lexus

Explanation:

There are a number goods that over time, for a variety of reasons, transition from being a normal good to an inferior good or from being an inferior good to a normal good. One such example of a good is the Toyota Camry. In the 1980s, more income for a household usually resulted in more Camrys being purchased. However, today more Toyota Camrys are purchased by households that have experienced a reduction in income.

How could this happen?

This could only have happened because of a change in perception in households over time.

It is stated in the Scenario that ''today more Toyota Camrys are purchased by households that have experienced a reduction in income.''

That means Toyota Camry has become an inferior good that is purchased more when income falls.

Hence, the only reason the scenario would have occurred is that the camry becomes an inferior good because the good is now perceived as lower in quality than a lexus

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3 years ago

An engineering firm measures its output in standard service hours (SSH) per unit, which is a function of the skill levels of its

tatyana61 [14]

Answer:

Instructions are below.

Explanation:

Giving the following information:

The variable cost is $60 per SSH and the fixed cost is $2,000,000 per year. The firm charges $100 for each service per hour. Assume the maximum hours the firm operates (that is the output) is 170,000 per year.

1) To calculate the break-even point, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 2,000,000/ (100 - 60)

Break-even point in units= 50,000 hours

2) %of hours= (50,000/170,000)*100= 29.41%

3) Fixed costs= $1,800,000

Break-even point in units= 1,800,000/40

Break-even point in units= 45,000 hours

The number of units required to cover for fixed costs diminished by 10%.

4) Selling price= $110

Break-even point in units= 2,000,000/(110 - 60)

Break-even point in units= 40,000 hours

The number of units required to cover for fixed costs diminished by 20%.

5) In generals terms, it is easier to increase the selling price compared to decreasing fixed costs. In this case, the best option is to increase the selling price. The effect on income and the break-even analysis is higher than decreasing fixed costs.

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4 years ago