Answer:
Enrollment in this school will likely be below the equilibrium level.
While the price of tuition has been set at the equilibrium level, and as a result, the demand for tuition is also at the equilibrium level (the demand is the amount of students that want to enroll in university A), the amount of students that will enroll will likely be below equilibrium because the University is using non-pricing mechanisms to restrict demand: minimum GPA and SAT scores.
Answer:
Premium is an amount paid periodically to the insurer by the insured for covering his risk. Description: In an insurance contract, the risk is transferred from the insured to the insurer. For taking this risk, the insurer charges an amount called the premium.
Explanation:
a
Answer:
The correct answer is letter "C": selective distortion.
Explanation:
Selective distortion refers to a perceptual process in which individuals try to make fit new ideas with previous points of view they had about certain topics. This scenario takes place because individuals tend to block new information input so they distort the new information to make it match their beliefs.
Answer:
D) $40,000
Explanation:
The Joneses qualify for a Section 121 exemption since they lived at their house for 20 years. They are exempted from paying capital gains taxes on the first $500,000 ($250,000 if single) in realized gains from selling their home.
Joneses taxable gain = $750,000 (sales price) - $210,000 (basis) - $500,000 (section 121) = $40,000
They will have to recognize only $40,000 in gains.
