Philip's inc. reports stockholders' equity on its financial statements. the two items reported in the stockholders' equity section of Philip's balance sheet are Paid-in Capital.
A balance sheet is an economic assertion that consists of information about a company's belongings or liabilities at a selected point in time. it's far one of the 3 center economic statements (earnings statement and coins float statement being the other two) used for evaluating the performance of an enterprise.
The balance sheet offers info on the organization's capital shape, Gearing, liquidity situation, coins availability, asset creation through the years, and different agency investments.
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In what way do the recording industry and radio industry differ from one another?
The recording industry provides private listening while radio industry provides public listening.
Radio and Recording industryIn the past, radio was one of the first mediums that gave listeners the ability to experience new music in the comfort of their own homes. Additionally, radio gave artists in the record business exposure. Both the recording industry and radio stations required a platform to play the music of its artists. Radio stations needed songs to fill their slots. Radio stations do not pay record labels for song rights due to this connection.
A new record company called Capitol Records established a trend in 1941 by providing free records for radio stations to play. This furthered the relationship between the record business and radio. Later, other labels, particularly the lesser labels, followed suit. The record label is the foundation of the music business, regardless of size—small, big, or independent.
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At the start of the month, a company reported a $34,000 debit balance in its cash account. During the month, the company debited cash for $30,000 and credits cash for $42,000. At the end of the month, the cash account has a.
At the end of the month the amount in the cash account will be $22,000
What is the economy?It is defined as a science that studies the analysis of resources, such as natural, monetary, in order to create wealth, consumption of goods and services, to meet human needs.
To solve this problem from the economic field we must use the following equation:
Bf = Bi + R - CP
Bf = Ending Cash BalanceBi = Beginning Cash BalanceR = Cash receipts that occur during the periodPC = Cash payments that occur during the periodSubstituting the values we have:
Bf = 34,000 + 30,000 - 42,000
Bf = $22,000
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mr. cutler usually makes a 45% profit on every radio he sells. during a sale, he reduces his margin of profit to 40%, while his sales increase by 10%. what is the ratio of his new total profit to the original profit?
Selling price (S.P.) minus cost price equals profit (C.P.) When the selling price exceeds the cost price, a profit can be determined.
Profit Formula: What is it?
The profit formula aids in determining the gain in any financial transaction as well as the profit made by selling a specific product, which is typically done in a business.
Following his boost in revenue, +.4%2A%28+1+% 2B+.1%29% 2Ax+=+%28+.4+%2B+.04+%29% 2Ax+
+.44x+
His new overall profit to original profit ratio is +.44x%2F.45x+=+44%2F45+.
His profit is +.45x+ if x+ is the number of radios he sold prior to the increase in sales. Let x represent the first sales total. Then you would make a profit of.45x. If I raise sales by 10% and lower the profit margin to 40%, the equation changes to 40*1.1*x =.44x. The result of the ratio is 44/45.
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________ can be used at no cost for an unlimited period of time. group of answer choices
Freeware can be used at no cost for an unlimited period of time.
Freeware is software program, most often proprietary, that is distributed at no financial cost to the end user. There's no agreed-upon set of rights, license, or EULA that defines freeware unambiguously; every publisher defines its personal policies for the freeware it offers. for instance, amendment, redistribution with the aid of 1/3 parties, and reverse engineering are permitted by a few publishers however prohibited through others. In contrast to with free and open-supply software, which are additionally regularly distributed free of charge, the source code for freeware is commonly now not made available. Freeware may be supposed to benefit its producer by means of, for example, encouraging sales of a more succesful version, as within the freemium and shareware business models. Freeware has been criticized as "unsustainable" as it calls for a unmarried entity to be responsible for updating and enhancing the product, that's then given away with out rate. Other freeware projects are honestly released as one-off programs with out a promise or expectation of similarly development. these may consist of supply code, as does unfastened software program, in order that users could make any required or desired adjustments themselves, however this code stays concern to the license of the compiled executable and does no longer represent unfastened software program.
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When there are diminishing returns to labor, the production possibility frontier is _______ sloping and ________ to the origin.
there are diminishing returns to labor, the production possibility frontier is downward sloping and concave to the origin.
Although test-retest repeatability was often seen as a prerequisite, the ranking might be affected by any of the other factors.
Cambridge English Corpus
This means that in addition to four or more harmonics in each octave above the original pitch, there are three downward harmonic pitches accessible.
using data from the Cambridge English Corpus.
Downward politeness paradoxically transforms into a language symbol of authority and a weapon for wielding that power as this mode of speech becomes the norm.
The top surface has a small concavity.
A typical illustration of a concave mirror is the interior of a shiny spoon.
CONVECT oppositely.
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the russian-born u.s. economist and nobel laureate wassily leontief (1906–1999) was interested in the following question: what output should each of the industries in an economy produce to satisfy the total demand for all products? here, we consider a very simple example of input–output analysis, an economy with only two industries, a and b. assume that the consumer demand for their products is, respectively, 1,000 and 780, in millions of dollars per year. industry a industry b consumer 1,000 780 what outputs a and b (in millions of dollars per year) should the two industries generate to satisfy the demand? you may be tempted to say 1,000 and 780, respectively, but things are not quite as simple as that. we have to take into account the interindustry demand as well. let us say that industry a produces electricity. of course, producing almost any product will require electric power. suppose that industry b needs 10c/ worth of electricity for each $
The output should each of the industries in an economy produce to satisfy the total demand for all products are Output a=400 and Output b = 300
output of industry B = b
Now industry A shall produce output required by customer i.e.. 310
But , industry A also have to supply 0.36 output to Industry B
Then we obtain
a - 0.36 = 310
Similarly industry B shall produce output required by customer i.e. 100
while also supplying 0.5a output to Industry A .
Then we obtain
6 - 0.50 = 100
Thus , we obtain set of linear equations
a - 0.36 = 310
- 0.50 + b = 100
Solving the linear system, we multiply equation (1) by 0.5
1 x 0.5
0.50 - 0.156 = 155
2 x1
- 0.5a + b = 100
0.856 = 255
b = 255 = 300
0.85
a - 0.3(300 ) = 310
Then putting in eq (1)
a = 310 + 90 = 400
outputs a = 400, 6= 300
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country x is a major buyer of country y’s grains. assume country x’s government announced an increase in taxes on its imports of country y’s grains effective next month. how will this news likely affect consumers’ demand for grains in country x?
When it is to be assumed that country x’s government announced an increase in taxes on its imports of country y’s grains effective next month, it will lower the demand of consumers for grains in country X.
What is the significance of consumer demand?
A demand can be referred to or considered as the quantity the buyers are willing to purchase in an economy. It is driven by external factors negatively if it affects the consumer's power to purchase the goods and services.
Therefore, the significance regarding the consumer demand has been aforementioned.
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An investor holds a 4% corporate bond with a yield to maturity of 2.75%. How much will be received in interest on each of the scheduled interest payment dates?
The interest rate is the amount a lender charges a borrower and is a percentage of the principal of the amount loaned. The interest rate on a loan is typically noted on an annual basis known as the annual percentage rate (APR).
Monthly Interest Payment means the amount of interest paid on a Payment Date for the preceding Interest Period based on interest calculated for such preceding Interest Period at the Monthly Interest Rate.
Maturity is not a matter of age, but instead, of how you choose to respond and react to various life situations. It is essentially a level of mental development or wisdom that has a bearing on all areas of an individual's life, right from their conduct to their relationship with others.
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demand is best described as the additional satisfaction derived from a quantity of goods and services obtained when income increases. the quantity of a good or a service that people are willing and able to purchase at different possible prices. the quantity of a good or a service that people will offer for sale at different possible prices. the total satisfaction that consuming a good provides people at different prices. the quantity of a good or service that consumers will substitute when the price of a good changes. the law of demand says that higher prices cause buyers to demand more. as the price of a good increases, buyers are willing and able to purchase less. buyers demand lower prices. higher prices cause less demand. as the price of a good decreases, buyers are willing and able to purchase less.
1. The quantity of a good or a service that people are willing and able to purchase at different possible prices.(Demand means different amount of quantity that people are willing and able to purchase at different prices.)
2. As the price of a good increases, buyers are willing and able to purchase less.(Law of demand means as price increases, quantity demanded decreases.)
3. Inverse relationship.(The relationship between price and quantity demanded is inverse.)
Demand is an economic concept that pertains to a customer's choice to purchase goods and offerings and willingness to pay a specific charge for them. An growth inside the charge of an awesome or provider has a tendency to decrease the quantity demanded.
Supply and demand determine the fee of products and portions Produced and consumed. Customers might also exhaust the to be had deliver of a good by buying a given appropriate or carrier at a excessive extent. This ends in an growth in call for. As demand will increase, the available deliver additionally decreases.
Demand for a services or products offers the firm the possibility to develop the commercial enterprise, hiring extra employees and growing capability to healthy the call for. however, oversupply and occasional demand forces businesses to contract, laying off team of workers and last factories.
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The return on a 5 percent coupon $1000 bond that initially sells for $1,000 and sells for $950 next year is:__________
he return on a 5 percent coupon $1000 bond that initially sells for $1,000 and sells for $950 next year is: (C). 0 percent.
What is holding period return?
The holding period return is the return on the bond investment over the period of one year on the premise that the investor paid $1000 , receives selling price of $950 after one year as well as one-year coupon payment
holding period return=(price now-price one year ago+coupon)/price one year ago
price now=price after 1 year=$950
price 1 year ago=$1000
1-year coupon=face value*coupon rate
face value=$1000
coupon rate=5%
1-year coupon=$1000*5%
1-year coupon=$50
holding period return=($950-$1000+$50)/$1000
holding period return=0.00%
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Full question with options:
The return on a 5 percent coupon bond that initially sells for $1,000 and sells for $950 next year is
A. -10 percent.
B. -5 percent.
C. 0 percent.
D. 5 percent.
A company that owns income-producing real estate such as an apartment complex or a retail shopping center is called a(n)?
A company that owns income-producing real estate such as an apartment complex or a retail shopping center is called a(n) REITs, or real estate investment trust.
This is further explained below.
What is a real estate investment trust.?Generally, Historically, real estate investment trusts have provided attractive overall returns by way of both strong dividend income and long-term capital appreciation.
Because of their low connection to other assets, they may be added to a portfolio to spread out risk and boost profits.
In conclusion, The term "real estate investment trust" (REIT) is used to refer to a firm that owns income-generating real estate like an apartment building or a shopping mall.
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The price quotations of treasury bonds in the wall street journal show an ask price of 104.25 and a bid price of 104.125. as a seller of the bond, what is the dollar price you expect to receive?
Given that, For Treasury bonds ask price is 104.25, bid price is 104.125. As a dealer we are supposed to pay which is 104.25% of the bond value which is $1042.50
Ask price is 104.25
Bid Price is 104.125
As a seller of the bond we are bound to pay the ask price which is 104.25% of the value of the bond.
Let's assume value of bond = $1,000
You pay the asking price of the dealer,104.25% of $1,000, or $1,042.50.
The terms is what a buyer is willing to acquire a security, while the ask price is what a seller is willing to just accept for the identical security. The difference between those two numbers is understood because the bid-ask spread, and normally, the narrower that spread, the more liquid the market is.
Bid Price/Ask Price
The term "bid" refers to the very best price a buyer pays to shop for a specified number of shares of a stock at any given time. The term "ask" refers to all-time low price at which a seller will sell the stock.
Treasury bonds are issued in terms of 20 years or 30 years and pay interest every six months until they mature. When a Treasuries matures, you're paid its face value.
The price and yield of a Treasury obligations are determined at auction. the value could also be greater than, less than, or up to the face value of the bond. For more on the value of a Treasuries
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esfandairi enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.34 million. the fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. the project is estimated to generate $1,740,000 in annual sales, with costs of $650,000. the tax rate is 21 percent and the required return on the project is 11 percent. what is the project’s npv? (do not round intermediate calculations. enter your answer in dollars, not millions of dollars, and round your answer to 2 decimal places, e.g., 1,234,567.89.)
The NPV of the project is $164563.21
How to calculate the net present value (NPV)?It should be noted the initial investment in the project = ($2340000)
The cash flows for year 1:
= ( sales - costs)(1 - tax rate) + depreciation tax shield
= ( $1740000 - 6,50,000)(1-0.21) + 7,80,000 × 0.21
=$861100 + $163800
=$1024900 is the cash flows for the 3 years.
The straight line depreciation will be:
= $2340000/3
= $7,80,000
The NPV will be:
($2340000) + 1024900/1.11 + 1024900/1.11² + 1024900/1.12³
= $164563.21
Therefore, the NPV of the project is $164563.21.
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If consumers demand more genetically engineered foods, then the value of genetic engineers' marginal product of labor will:_________
If consumers demand more genetically engineered foods, the value of marginal products will rise.
Increase demand for goods raises the demand for labor which would increase employment and wages and definitely raise the marginal product of labour.
Consumer demand is an economic measure of a group's desire for a products or services primarily based on availability. It represents the shopping for behavior of consumers and enables determine the purchasing trends of specific populations.
A demand arises after a customer desires some thing and has the ability and willingness to buy. decreasing a charge can increase call for with the aid of making the rate low priced, however the desire need to exist already in the purchaser before you can flip that preference into call for.
Goods that yield direct satisfactions to purchasers are stated to have direct call for. They consist of clothes, food, house, etc. therefore, the demand for patron goods is direct.
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If black diamond were to begin focusing its business strategy on offering mountaineering tours with guides and support teams to promote outdoor tourism then this would be an example of:______.
If black diamond were to begin focusing its business strategy on offering mountaineering tours with guides and support teams to promote outdoor tourism, then this would be an example of: a service organization.
What is a business strategy?A business strategy can be defined as a set of guiding principles, actions, policies, and decisions that a business organization strategically combines, so as to successfully achieve its goals, objectives, attract potential customers and possess a competitive advantage over its rivals in the industry.
The types of business strategy.Generally, there are four (4) main types of business strategy and these include the following:
Organizational (Corporate) strategy.Business (Competitive) strategy.Functional strategy.Operating strategy.What is a service organization?A service organization can be defined as type of organization that provides planned and prepared intangible services (non-physical products), rather than tangible products.
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For many students, expensive textbooks have a close substitute in online materials available to the public. this could result in a price elasticity of demand for textbooks that is?
For many students, expensive textbooks have a close substitute in online materials available to the public, this could result in a price elasticity of demand for textbooks that is c. relatively elastic.
Exceptionally elastic demand way that there might be more alternate in the quantity demanded of an amazing or provider than inside the fee of that properly or carrier. perfectly inelastic call for a method that no matter charge, the quantity demanded of a great service remains constant.
If the fee for an inelastic properly is reduced, the demand for that proper does not grow, resulting in much less ordinary sales because of the lower fee and no alternative in the call. this would imply that the firm has to no longer reduce the rate of its goods as there are no useful final results in doing so. Enhances because the lower the fee of digital books to 0 is causing a boom in the quantity demanded print copies of the same book.
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Disclaimer:- your question is incomplete, please see below for the complete question.
a. relatively inelastic
b. perfectly inelastic
c. relatively elastic
d. perfectly elastic
When production creates external costs greater than external benefits a market is?
When production creates external costs greater than external benefits a market is not produce the product without government intervention.
The danger of an accident when drinking alcohol and operating a vehicle increases. Others in the room are exposed to the health dangers of passive smoking when someone smokes in a closed environment. A new road's construction costs the environment and increases local residents' exposure to pollution.
When goods and services are created and consumed, external costs are expenses that are placed on a third party. The general public, who ultimately pays for them, is effectively subsidizing goods and services with external costs.
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A mortgage-backed security backed by pools of conventional loans would not be available from?
Be made available a mortgage-backed security backed by a pool of conventional loans - Ginnie Mae
What Is a Mortgage-Backed Security (MBS)?
Mortgage-backed securities are not offered by the Government National Mortgage Association (GNMA or Ginnie Mae), who merely guarantees them instead (and is limited to FHA and VA mortgage loan securities).
A mortgage-backed securities (MBS) is an investment that resembles a bond and is composed of a collection of mortgages that have been acquired from the banks that issued them. Periodic payments akin to bond coupon payments are made to MBS investors.
Mortgage-backed securities (MBSs), a subset of asset-backed securities, are created by combining just mortgages. A mortgage-backed securities is effectively a loan to homebuyers from the investor who purchases it. A broker can be used to purchase and sell MBS. Each issuer has a different minimum investment requirement.
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the demand for digital media has increased over the last several years. how would this affect the wages paid to web developers? wages would likely increase because many publishers have relocated their production overseas. wages would likely increase because there is a minimum level of expertise and training needed to develop content. wages would likely decrease because fast growth in industries creates a lower demand for specific skillsets. wages would likely decrease because pay for similar jobs is often lower in urban areas than in rural ones.
The effect would be wages would likely increase because there is a minimum level of expertise and training needed to develop content.
What is the impact of a increase in demand for digital media?
An increase in demand is as a result of other factors that affect the demand for a good other than the price of the good. For example, technological advancement can lead to an increase in demand for digital media.
When there is an increase in demand for a good, the demand curve for the good would shift to the right all things remaining equal.
When there is an increase in demand for digital media, there would be an increase in demand for those who are skilled in the field of digital media. As a result, there would be an increase in the demand for web developers. This would lead to an increase in wages for web developers. There would not be an immediate increase in the supply of web developers which can lead to a decrease in wages because there is a minimum level of expertise and training needed to develop content. This training period can take a period of time.
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B. if lucinda has only $60 to spend and the price of kewpie dolls and the price of beanie babies are both $12, how many of each will lucinda buy if she is rational?
Lucinda Williams is back on the level, and lower back creating a track after suffering a stroke on the cease of 2020 that put some of her appearances and journeying plans on keep. In may of 2021 after missing a scheduled look at Mile.
4 Kewpie dolls, 4 Beanie toddlers.
If the fee of Kewpie dolls and Beanie babies is $12, Lucinda will purchase 4 of every.
b. 2 Kewpie dolls, 3 Beanie infants.
If Lucinda has best $60 to spend, and the charge of each is $12, then her budget constraint is: 12x + 12y = 60
right here, x represents Kewpie dolls and y represents Beanie toddlers.
Lucinda will buy three devices of Beanie babies and a couple of gadgets of Kewpie dolls. This quit is reached with the useful resource of purchasing in step with lowering marginal benefits of each ranked as : $18 (beanie) > $16 (beanie) > $15 (kewpie) > $14 (kewpie) = $14 (beanie). This satisfies the budget constraint additionally : 12x2 + 12x3 = 60.
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What type of measurement model does u.s. gaap currently employ?
A mixed attribute type of measurement model is what the US. GAAP currently employs.
This is further explained below.
What is a mixed attribute type of measurement model?Generally, The mixed attribute model is a measuring base that may be used to determine both the value of the assets and the value of the liabilities in compliance with the International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP) of the United States (IFRS).
In conclusion, The United States uses a measuring paradigm that has a mixed attribute type. Current GAAP procedures are used.
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Hewlett packard, dell, and lenovo are all companies that have been affected by competition stemming from ______ advances in developing countries.
Hewlett Packard, Dell, and Lenovo are all companies that have been affected by competition stemming from technological advances in developing countries.
A technological advance is a change made to the production or delivery process of a good or service that reduces the number of resources needed. Information technology advancements like artificial intelligence, geotargeting, automation, and others have significantly accelerated technological evolution. As robotics develops, even our thermostats and refrigerators may be able to be connected to the internet.
Technological advances help the company sector comprehend the elements that can delight its customers. Businesspeople that understand their consumers well will be able to deliver goods and services that satisfy their clients. The world is now effectively connected thanks to technology, which has made it simpler to travel, build cities, and grow crops, among many other things.
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The benefits that all international governmental organizations (igos) offer their members include?
The benefits that all international governmental organizations (igos) offer their members include the creation of habits of cooperation between states. An intergovernmental organization (IGO) is a formal treaty-based organization formed largely of sovereign states or other organizations for the purpose of dealing with/serving shared interests and governed by international laws.
Treaties are made when the lawful representatives (governments) of numerous states ratify them, giving the IGO international legal personality. international governmental play an essential role in international law. In a legal sense, intergovernmental organizations should be distinguished from mere groups or coalitions of governments, such as the G7 or the Quartet.
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the ten groups that present a company with its daily tasks to handle represent the company's environment.
the ten groups that present a company with its daily tasks to handle represent the company's environment.
What is company's environment?
Depending on the viewpoint, a business environment can be divided into a macro and micro environment. A macro-environment is generally thought to include factors like political or macroeconomic impacts that have an impact on all companies regardless of their size or sector. The business competitive climate, on the other hand, is referred to as the micro environment and comprises rival businesses, clients, and suppliers.
From a strategic standpoint, understanding the business environment is essential to creating plans that will help the organization achieve its objectives. Businesses typically work with consulting companies that specialize in strategic analysis to investigate the present state of the environment in order to comprehend its dynamics. The majority of these studies highlight possible challenges and opportunities that the business should include in its strategic planning in order to achieve its goals. Finally, businesses should maintain the flexibility necessary to adjust to rapid changes in the commercial environment. Even in the worst-case circumstances for business, the company's capacity to adapt will secure its existence.
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If a mortgage pool consists of five 10rms totaling $500,000, five 9rms totaling $450,000, and ten 8rms totaling $750,000, what is the weighted average coupon (wac) rate?
The weighted average coupon (WAC) rate would be 8.85%.
What is the weighted average coupon (WAC) rate?
The total amount of interest paid on all debt is the weighted average interest rate. By adding up all interest payments made throughout the measurement period and dividing by the entire amount of debt, this percentage is calculated.To determine the WAC each mortgage or MBS's remaining principal balance is multiplied by the coupon rate.Average% = (10*0.5 + 9* 0.45 + 8 * 0.75)/1.7
= 8.85%.
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which statements accurately describe results of the invention of the printing press? question 6 options: books became less expensive to purchase. books became available to many people throughout europe. the literacy rate began to rise as interest in learning grew. the demand for books became a problem because only a few printers were available. less people learned to read.
Books became available to many people throughout Europe, Books became less expensive to purchase, The literacy rate began to rise as interest in learning grew are the results of the invention of the printing press.
What is literacy rate?In order of literacy rate, these are the countries. The UNESCO Institute for Statistics (UIS), which collects the statistics on the organization's behalf, calculates the numbers for 2015 using data from individuals who are at least 15 years old and are literate. When information comes from a different source, notes are included. The vast majority of the questionnaires that were used to gather the data were self-reported by the individuals and were completed within the last ten years. Projections based on these for the year 2015 are given by a Global Age-Specific Literacy Projections Model by UIS. (GALP).
The world's literacy rate for people who are at least 15 years old is 86.3%. There are 82.7% of women and 90.0% of men who can read and write.
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belize is considering instituting trade restrictions in order to balance its payments, protect new businesses, and protect domestic jobs. what may be some of the reasons it would not want to institute trade restrictions?
Some of the reasons it would not want to institute trade restrictions are Consumers face higher costs, less options, misallocation of foreign resources, and job losses.
A trade restriction is an impediment to the exchange of products and/or services among two or more nations. It is a result of protectionism. However, the phrase is debatable because what one group sees as a trade restriction, another sees as a measure to protect consumers from substandard, harmful, or dangerous items.Tariffs (taxes) on imports (and sometimes exports) and non-tariff trade barriers such as import quotas, local industry subsidies, trade embargoes with specific nations (usually for geopolitical reasons), and permits to bring goods, all of these are instances of trade obstacles. Trade obstacles are classified into three types: tariffs, non-tariff barriers, and quotas.Thus this is the meaning of trade restrictions.
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You own a restaurant. your input prices are rising frequently, and you find it necessary to change your prices often. these frequent changes epitomize the problem of?
These frequent changes epitomize the problem of wrong money illusions.
Money illusion is an economic hypothesis that holds that people tend to see their wealth and income in nominal dollar terms rather than in actual dollar terms. In other words, it is considered that consumers do not consider an economy's level of inflation, mistakenly assuming that a dollar is worth the same as it was the previous year.According to the theory of money illusion, people have a tendency to evaluate their wealth and income in nominal dollar terms rather than recognize their true value, adjusted for inflation.Economists attribute money illusion to issues such as a lack of financial education and price stickiness in many commodities and services. Employers are believed to take advantage of this by moderately raising wages in nominal terms but paying less in real terms.Thus, these frequent changes are the problem of wrong money illusions.
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matt bower is a developer. will jones is a builder. matt agrees to sell will a lot, but he conditions the sale by insisting that will agree to list the property with him after the home is built. what is this called?
matt bower is a developer. will jones is a builder. matt agrees to sell will a lot, but he conditions the sale by insisting that will agree to list the property with him after the home is built. what is this called Tie-in arrangement.
A tie-in agreement is any contract that mandates the purchase of certain other goods from a product's buyer as a condition of that purchase. The terms "tying agreement," "tying arrangement," "tie-in sale," "tie-up sale," and "clubbed sale" are also used to describe it. Any arrangement that mandates the purchase of other products as a condition of one purchase of goods is a tie-in arrangement, as defined under Section 3(4) explanation. The term "tying product" or "tied service" refers to a good or service that the customer purchases in accordance with their needs, whereas the term "tied product" refers to a good or service that the customer is forced to purchase.
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Which type of good can be consumed by one person without precluding consumption of the good by others?
The good that can be consumed by one person without preluding consumption of the good by others is private good.
A product or service (such as one's own candy bar, stereo, or car) whose consumption by one person precludes the consumption by others. A good or service that can be consumed by one person without excluding others (national defense, flood control, street lights).According to excludability and rivalrousness, there are four distinct sorts of products in economics: private goods, public goods, common resources, and club goods. Products that can be excluded and compete are considered private goods.Examples include eating out, grocery shopping, traveling by airline, and using a cellphone. Therefore, anything that can only be used or eaten by one party at a time is considered a private good. Since they can only be used by people who have access to them, many material possessions for the home qualify.Thus the type of good that can be consumed by one person without precluding consumption of the good by others is private goods.
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Answer:
Nonrival
Explanation: