Answer:
The answer is: B) No, since the marginal cost of drug control exceeds the marginal benefit, the government should not spend $4,170 to deter one person from using drugs.
Explanation:
There are two ways in analyzing this situation, economically the government shouldn't spend that much money to prevent someone from using drugs, the marginal costs are much larger than the marginal benefits ($4,170 ˃ $897).
But if you only use this type of analysis for government spending, why should the firefighters try to stop a fire? Many times it is much more expensive and risky to do it.
The right answer for the question that is being asked and shown above is that: "c. Balance of trade summarizes the flow of goods and services; balance of payments summarizes all capital flows." This <span>correctly defines the terms : balance of trade balance of payments</span>
Answer:
$5,000 billion
Explanation:
The computation of the equilibrium at economy reaches is
We know that
Y = C + G + I + X
where
Y = GDP
C = Consumption
G = Government spending
I = Investment
X = Net exports
Now placing the values
Y = $300 + 0.80Y + $350 + $275 + $75
Y - 0.80Y = $1,000
0.20Y = $1,000
So, the Y equal to
= $1,000 ÷ 0.20
= $5,000 billion
Answer:
A cardholder fails to make a minimum payment one month.
Explanation:
A credit card late-payment fee is the fee charged by a credit card issuer because the card holder fails to pay his debt at the minimum payment deadline. This fee can be very high up to $40 depending on the card issuer. Some card issuers charge very low payment fee or no payment fee at all, therefore if you know you are someone who forgets to pay debts at the due date use credit cards that charge low payment fees.
Answer:
This is called a <em>simple interest rate.</em> When the loan amount must be repaid to the lender at the maturity date, along with an additional payment for the interest.
To calculate <em>simple interest rate</em>, the interest rate payment is divided by the loan amount.
Explanation:
This is called a <em>simple interest rate.</em> When the loan amount must be repaid to the lender at the maturity date, along with an additional payment for the interest.
To calculate <em>simple interest rate</em>, the interest rate payment is divided by the loan amount.