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Mumz [18]
2 years ago
7

ANSWER FAST please !!!

Business
1 answer:
Veronika [31]2 years ago
6 0

Answer:

GDP

Explanation:

Gross domestic product (GDP) is the monetary value of all finished goods and services made within a country during a specific period.

(I think that is the answer)

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A friend says, "I really, really need a new car." As an economist, you're thinking ______
olasank [31]

A) This is an example of how objectively undefinable needs are.

8 0
2 years ago
Assuming all APRs equal, the effective interest rate on a loan is highest when:
arlik [135]

Answer:

Points are charged and the loan has a 30 year maturity but prepaid in five years

Explanation:

When you purchase points to lower your monthly mortgage payments, the bank (or lender) sell them calculating a 30 year payment schedule. If you pay the loan in a shorter period, it means that the points were sold at a very high price o you actually end up paying higher effective interest rate. That without even considering any possible prepayment penalties. But sometimes knowing that your mortgage is paid lowers your stress and it may be worth it from a personal (not financial) point of view.

5 0
3 years ago
In Mexico, 6 workers, each making the equivalent of $40/day can make a combined total of 40 units/day. In (rural) China, 10 work
Rasek [7]

Answer:

US

Explanation:

Particulars  Number    Output    Labor cost  Total        Labor productivity

                    of labor   per day   per day     labor cost     (d ÷ c)

                   (a)               (d)             (b)             c = (a × b)                                              

China            6             40           $40        $240             0.1667

Mexico         10             70          $20        $200            0.3500

US                 2             150         $200     $400            0.3750

As we can see that the labor productivity is more in the US so the same is to be considered as an appropriate location

8 0
3 years ago
The cost of a square slab is proportional to its thickness and also proportional to the square of its length. What is the cost o
Alex73 [517]

Answer:

$520

Explanation:

Using information provided in the question, equations can be formed to determine the unknown proportionality factors.

C=AT + BL^2 , where C is the cost, T is the thickness, L is the length and A and B are the proportionality factors

Equation 1:

Slab 1: C_1=0.2A + 2^2B=0.2A+4B

Slab 2: C_2=0.1A + 2^2B=0.1A+4B

C_1=C_2+160

0.2A+4B=0.1A+4B+160

0.1A=160

A=1600

Equation 2:

Slab 2: C_2=0.1A + 3^2B=0.1A+9B

Slab 3: C_3=0.1A + 2^2B=0.1A+4B

C_2=C_3+200

0.1A+9B=0.1A+4B+200

5B=200

B=40

After determining unknowns A=1600 and B=40, these can be substituted into C=AT + BL^2 to give below

C=1600T + 40L^2

Cost is to be determined for T=0.1m and L=3m

C=1600T + 40L^2

C=1600(0.1) + 40(3)^2

C=160 + 360

C=520

The cost of a square slab of 3 meter length and 0.1 meter thickness is $520

8 0
2 years ago
Read 2 more answers
The ______ is the interest rate commercial banks pay to the Fed; the ______ is the interest rate commercial banks charge each ot
serious [3.7K]

Answer:

B. discount rate; federal funds rate

Explanation:

the federal discount rate is the amount the federal reserve charge their members for borrow enough to maintain their required reserve.

While the federal funds rate is the interest on loan between bank or credit unions for short-term loan between themselve, for a day. This are called overnight loans. Must be repaid both, principal and interest at the next day.

8 0
3 years ago
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