Answer:
The correct option is B. expand the production possibilities of an economy.
Explanation:
Economic growth can be defined as the increase in an economy's production of economic goods and services, often compared from one period of time to another. It can be measured in any of the following:
- Nominal or real (adjusted for inflation) terms.
- Gross National Product (GNP)
- Gross Domestic Product (GDP), etc.
Contributors to economic growth include:
- Increases in capital goods.
- Increase in labor force.
- Technology.
- Human capital.
In simplest terms therefore, economic growth is used to refer to an increase in the aggregate production in an economy.
Answer: A target price for farm crops is an example of price floor because it’s fixed ahead of harvests with the interest of farmers in mind.
Explanation: A quick definition of both concepts would be of help. A price floor is usually fixed by government legislation and it ensures that the price of a commodity or service does not fall below a certain minimum. In the case of farm crops, a floor price makes sure that the farmers are guaranteed a level of profit in case there is poor harvest for any reason whatsoever. The price floor must be fixed above the equilibrium price for this to be effective.
A target price is an expectation of the future price of commodities or services, and hence prices are fixed ahead of the harvest in the case of farm crops. This is so because as explained earlier, future conditions might change and become unfavorable, therefore making the current market price unprofitable for farmers. If for example, a sack of potatoes currently sells for $30, the government may fix the price floor ahead of the harvest season at $45 per sack. This implies that after harvesting farmers can still sell at $30. However if the harvest turns out to be bad perhaps due to natural disasters, pests or fungal attacks, etc, then the farmers can go ahead and sell at $45 and possibly higher. No farmer is allowed to sell below $45 (since that is the ‘floor’). That way, farmers would still have some profit guaranteed and would be encouraged to remain in the farming business.
Answer: The answer is C.
Explanation: The Resource dependence theory is based on the principle that organizations, must engage in transactions with other organizations in their environment in order to acquire the resources needed for their daily operations.
Although such transactions may be advantageous, they may also create dependencies that are not, and so organization A may want to rely less on organization B, in their quest to influence the environment to make resources available.
This theory actually originated in the 1970s with the publication of The External Control of Organizations: A Resource Dependence Perspective by Jeffrey Pfeffer and Gerald R. Salancik.
The theory is based on the idea that resources are vital for organisational success and that access and control over resources forms the basis of power.
Answer:
The standard deviation of the returns on the stock is 15.56%(Approx).
Explanation:
Expected Return=Respective return*Respective probability
=(20.4*0.67)+(-12.7*0.33)=9.477%
probability Return probability*(Return-Expected Return)^2
0.67 20.4 0.67*(20.4-9.477)^2=79.93899243
0.33 -12.7 0.33*(-12.7-9.477)^2=162.3003786
Total=242.239371%
Standard deviation=[Total probability*(Return-Expected Return)^2/Total probability]^(1/2)
=15.56%(Approx).
If the investment turnover is 1.20 for one of its investment centers, the return on investment must be: 39.72%.
Using this formula
Return on investment = Profit margin ×Investment turnover
Where:
Profit margin=33.1% or 0.331
Investment turnover=1.20
Let plug in the formula
Return on investment = 0.331×1.20
Return on investment = 0.3972×100
Return on investment = 39.72%
Inconclusion If the investment turnover is 1.20 for one of its investment centers, the return on investment must be: 39.72%
Learn more about return on investment here: brainly.com/question/23823344
