The Republic of Monaslu and Ingora demonstrated an example of a mutual trade. This happens when both countries of industries experience the benefit of business through support of each other on their own products. They can also further enjoy these benefits by enforcing laws that would benefit both like lowering taxes to increase their profits
Simple interest formula was used to calculate the principal sum of Rich at the rate of 2.5% for 2 years. Thus Rich's initial deposit was 293 dollars.
<h3>What is Simple interest?</h3>
Simple interest is based on the principal amount of the loan or initial deposit in the savings account.
Following information is given:
Hence, Rich's initial deposit was equal to $293.
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Answer: Joint and Last Survivor Annuity
Explanation:
An annuity is a form of regular payment made by an insurance company to an individual with their coverage, starting from a specific time(could be retirement) to end at a specific time(death of the client).
A joint and last survivor annuity is a form of annuity, where a spouse is paid even after the death of the other spouse receiving the annuity initially.
Answer:
b. 40%
Explanation:
Contribution margin ratio = Contribution / Sales x 100
where,
Contribution = Sales - Variable Costs
= $180,000 - 108,000
= $72,000
therefore,
Contribution margin ratio = $72,000/ $180,000 x 100
= 40 %
thus,
The contribution margin ratio is closest to 40 %.
The kind of economy can be matched to their description as :
- The government decides what is produced, along with how much is produced. (Command economy ).
- The government controls some aspects of the economy, such as infrastructure and transportation, while private consumers and producers control the means of production in other areas. (Mixed market economy)
- The government has no involvement or decision-making in what or how much is produced. (Pure market economy)
What is an economy?
An economy can be described as the area of the production as well as the distribution and trade which involves the consumption of goods and services.
It should be noted that it is a social domain that emphasize the practices, discourses, that can be attributed to with the production, as well as management of scarce resources'.
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CHECK THE COMPLETE QUESTION:
Match the term with the type of economy/
the government decides what is produced, along with how much is produced. the government controls some aspects of the economy, such as infrastructure and transportation, while private consumers and producers control the means of production in other areas. the government has no involvement or decision-making in what or how much is produced