All categories

2 years ago

In your own words, interpret what 33% of all goods and property are owned by 1% of the

Business

1 answer:

Radda [10]2 years ago

6 0

Answer:

Explanation:

It means that there must be a huge number of people that have little or nothing.

The most recent estimate of America's population is 331,000,000 roughly

1% of the population is 331,000,000 * 1/100 = 3,310,000

So that means that 3 million people own 33% of 14 trillion in property alone. These numbers are really hard to imagine.

1 trillion has 12 zeros behind it

so 14 trillion has 12 zeros behind it.

3 million people own 1,400.000,000 = 14 000 000 000 000 dollars worth of property.

That means that each person in that group of 3 million is 1 of 14 , 000, 000 in wealth just in property alone. The goods will dilute this somewhat, but I think you get the idea.

3 million people in the United States are multimillionaires, if they own 100% of the property. Of course that isn't true, but I think it's fair to say that they are not poor either.

You might be interested in

Account balances at the beginning of the year were: accounts receivable, $150,000; and inventory, $260,000. All sales were on ac

den301095 [7]

Answer: That class ain't for you vro.

Explanation:

7 0

3 years ago

Which of the following statements about the Uniform Commercial Code (UCC) is true? Group of answer choices The UCC contract form

sergey [27]

Answer:

1- The UCC contract formation includes offer, acceptance and consideration.

Explanation:

Elements "Offer" and "Acceptance" together form mutual assent. Also, in order to be enforceable, the contract must be for a legal purpose and parties to the contract must have capacity to enter into the contract, that part is related to consideration.

Offer → gives power of acceptance to another party, besides it includes the agreement´s essential elements (they have to be definite and certain).

Acceptance → must be a mirror image of the offer.

Consideration → All common-law contract must contain this element as a valid one. It means that there must be a bargained for interexchange of acts or promises, both parties incurring new legal detriment or obligations as a consequence of the contract.

8 0

3 years ago

Electronic products can be satisfying as well as frustrating for consumers. For example, a consumer may be highly satisfied with

Leni [432]

Answer: PANAS

Explanation:

PANAS is a positive and negative Affect Schedule, a self report questionnaire that has questions to evaluate the positives and negatives of a product or service. PANAS can be used to carry out customers research.

4 0

2 years ago

Canada goes to considerable lengths to protect its television program and magazine producers from U.S. competitors. The United S

Anettt [7]

Answer:

D. All the Above

Explanation:

A. Lead to greater productivity

This is true because through specialization and competitive advantages you can achieve greater productivity in the production of goods and services. If you have a competitive advantage, it is because you have more capital, infrastructure and specialized human capital in the production of a specific type of good or service so that a greater amount of that good can be produced than another country in the same time.

B. Lead to greater output even if you can do everything better than someone else.

This is true since although a country has a competitive advantage in all industries, concentrating its labor and capital in the production of the good or service in which it has the greatest competitive advantage will allow a higher level of production in that sole good/service than if he divided his resources into the production of other goods and services.

C. Lead to international trade and overall gains for the nations involved.

This point, despite being true, is debatable. In theory, international trade allows to reach greater levels of wealth to the countries involved by being able to exchange the goods in which they have competitive advantage for others that if they were produced in the country they would consume part of their resources by not having such high productivity as if it will trade with a country that does have the capacity to produce it.

Having this clear, we can say that all of the above are true, so the answer is D.

4 0

3 years ago

Patterson’s patties is a fast-food hamburger chain with over 1,000 locations worldwide. Recently, the company has been dealing w

o-na [289]

The communication medium that will be used in this scenario is the use of SMS to pass the information to them.

<h3>What is communication?</h3>

It should be noted that communication is the process by which information is exchanged between individuals through a common system of symbols, or behavior.

Communication is the act of giving, receiving, and sharing information and good communicators listen carefully, speak or write clearly, and respect different opinions.

For communicating with customers, I would use a medium of SMS to the customer's registered mobile numbers and social media to inform them regarding the problem.

This would help to reach out to customers far and wide and this communication can be executed within a short span of time, as is the requirement of the situation.

To communicate with the home office employees, who are 20 in number, I would suggest using voice calling them to take necessary measures and ensure the safety and health of consumers.

Learn more about communication on:

brainly.com/question/26152499

#SPJ1

6 0

1 year ago