which problem will a country that tries to create a self-sufficient economy most likely experience brainly
Answers
A country that attempts to create a self-sufficient economy is likely to experience the problem of limited resources or inefficiency in resource allocation.
When a country aims for self-sufficiency, it seeks to produce most, if not all, of the goods and services it needs domestically, rather than relying on imports. However, this approach can present challenges, particularly if the country lacks the necessary resources or has inefficient production capabilities.
Limited resources: A country may not have abundant natural resources or the required factors of production (such as land, labor, capital, and technology) to produce all the goods and services it needs efficiently. This can result in higher costs, reduced competitiveness, and limited availability of certain products. The country may struggle to meet the demand for specific goods that cannot be efficiently produced domestically.Inefficient resource allocation: A self-sufficient economy requires effective resource allocation to ensure optimal utilization. However, if the country attempts to produce everything domestically, it may allocate resources inefficiently. This can lead to misallocation of resources, lower productivity, and higher production costs. Inefficient resource allocation can hinder economic growth and development.Lack of specialization and comparative advantage: Self-sufficiency often limits a country's ability to specialize in the production of goods and services where it has a comparative advantage. Comparative advantage refers to a country's ability to produce a particular good or service at a lower opportunity cost compared to other countries. By focusing on areas where they excel, countries can trade and benefit from specialization, resulting in higher overall efficiency and economic welfare.Reduced access to global markets: By striving for self-sufficiency, a country may limit its participation in international trade. International trade allows countries to benefit from the exchange of goods and services, access a wider variety of products, and benefit from economies of scale. Restricting trade can hinder economic growth and development and reduce opportunities for innovation and technological advancement.Overall, attempting to create a self-sufficient economy can lead to resource constraints, inefficient resource allocation, limited specialization, and reduced access to global markets. These challenges can impede economic growth and development, making it difficult for the country to meet the diverse needs and demands of its population.
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Related Questions
A reduction in the level of unemployment would have which effect with respect to the nation's production possibilities curve?
A. It would shift the curve to the left.
B. It would not shift the curve; it would be represented by moving from a point inside the curve toward the curve.
C. It would not shift the curve; it would be represented by moving from a point on the curve to a point to the right of the curve.
D. It would shift the curve to the right.
Answers
Answer:
B. It would not shift the curve; it would be represented by moving from a point inside the curve toward the curve.
Explanation:
Here the falling in unemployment represents that there is a movement with respect to the resources that are fully employed.
In this the unemployment means that it could be occured inner side of the PPF but if there is an increase, so the point of the production would be moved inner of the PPF to the PPF
Therefore the option B is correct
the retained earnings account has a credit balance of $37,000 before closing entries are made. total revenues for the period are $55,200, total expenses are $39,800, and dividends are $9,000. what is the correct closing entry for the expense accounts? group of answer choices debit expense accounts $37,000; credit retained earnings $37,000. debit expense accounts $39,800; credit income summary $39,800. debit income summary $39,800; credit retained earnings $39,800. debit income summary $39,800; credit expense accounts $39,800. credit expense accounts $39,800; debit retained earnings $39,800.
Answers
The correct closing entry for the expense accounts would be debit income summary $39,800; credit expense accounts $39,800. Thus, option D is the correct answer.
Closing entries are made at the end of an accounting period to transfer the balances of temporary accounts (revenue, expense, and dividend accounts) to the permanent account of retained earnings.
In this scenario, the total expenses for the period are $39,800. To close the expense accounts, we need to debit the Income Summary account (a temporary account) for the total expenses and credit the expense accounts individually.
Debiting the Income Summary account for $39,800 reflects the total expenses for the period being transferred to the Income Summary account. The credit to the expense accounts (also for $39,800) offsets the debit balances in the expense accounts, effectively closing them out.
This closing entry ensures that the expenses are properly closed out for the period, and their balances are reflected in the retained earnings account, which will be carried forward to the next accounting period.
Therefore, the correct closing entry for the expense accounts is to debit the Income Summary account of $39,800 and credit the expense accounts of $39,800. Thus, option D is correct.
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Which expense is a variable cost?
A) hourly wages for a production employee
B) insurance payment
C) monthly rent on a store
D) purchase of a new copy machine
Answers
Hourly wages for a production employee. Variable costs are costs that fluctuate with the level of production or sales and can include expenses such as raw materials, packaging, and wages for production employees.
What is Variable costs?Variable costs are costs that change in relation to the amount of goods or services produced. These costs are typically directly related to production and can include the cost of materials, labor, and other related expenses. Variable costs differ from fixed costs, which remain constant regardless of production levels. Variable costs are important to consider when setting a price for a product, as they should be taken into consideration to ensure that the product is profitable. By understanding variable costs, businesses can adjust production levels to ensure that they remain profitable.
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Answer:
A- Hourly wages for a production employee
Explanation:
Correct anser on my test. Hope this was helpful
For which type of economic system do private ownership and voluntary exchange serve as key characteristics? a. Command b. Traditional c. Market d. Planned
Answers
Answer:
a
Explanation:
write
the full abbreviation of franco
Answers
Applied to several adjectives and nouns, with or against France war between France and Germany.
What is an acronym's entire form?a printed word or phrase that has been abbreviated and substituted for its entirety. Amount is denoted by the abbreviation "amt. the act or outcome of shortening something: abridgment. "USA" is an abbreviation for "United States of America.
What is Paris's complete name?The Industrial Property Rights Paris Convention.
What does the term "foreign office" stand for?Over 14,000 individuals serve in approximately 270 diplomatic offices across The Foreign & Commonwealth Office's (FCO) global network of embassies and consulates.
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Write three sentences.What is summer mainly about and what is your fav thing about summer time?
Answers
Ernst's Electrical has a bond issue outstanding with ten years to maturity. These bonds have a $1,000 face value, a 5 percent coupon, and pay interest semiminusannually. The bonds are currently quoted at 96 percent of face value. What is Ernst's pretax cost of debt?
Answers
Answer: 5.52%
Explanation:
Given the following :
Face value (f) = $1000
Bond price(p) = 96% of face value = 0.96 × 1000 = $960
Coupon rate = 5% Semi-annually = 0.05/2 = 0.025
Payment per period (C) = 0.025 × 1000 = $25
Period(n) = 10 years = 10 × 2 = 20
Semiannual Yield to maturity = [(((f-p)/n) + C) / (f + p)/2]
Semiannual YTM = [(((1000 - 960) / 20) + 25) / (1000 + 960)/2]
Semiannual Yield to maturity = [(((40 /20) + 25) / 1960/2]
= (2 + 25) / 980
= 27 / 980 = 0.02755 = 2.755% = 2.76%
Pretax cost of debt = Yield to maturity = 2 × Semiannual yield to maturity
Pretax cost of debt = 2 × 2.76% = 5.52%
suppose the current federal funds rate is 4%, and fed wants to decrease the rate to 2%. how will the fed decrease the federal funds rate?
Answers
When the Federal Reserve (Fed) wants to decrease the federal funds rate, it can use a variety of tools and techniques.
The federal funds rate is the interest rate at which banks and other depository institutions lend federal funds to each other overnight, and it is a key indicator of the overall health of the economy. A decrease in the federal funds rate means that banks can borrow money at a lower rate, which can lead to increased borrowing and investment in the economy. One way the Fed can decrease the federal funds rate is by using open market operations. This involves buying government securities, such as Treasury bills and bonds, from banks and other financial institutions. This increases the amount of money banks have on hand, which can lead to a decrease in the federal funds rate.
Another way the Fed can decrease the federal funds rate is by lowering the discount rate. The discount rate is the interest rate at which banks can borrow money directly from the Fed. When the discount rate is lowered, banks can borrow money at a lower rate, which can lead to a decrease in the federal funds rate. The Fed can also use forward guidance to signal its intentions to the market. By indicating that it plans to lower interest rates, the Fed can influence market expectations and lead to a decrease in the federal funds rate.
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SOLVE THE GRAPH AND THE SUPPLY OR SHORTAGE AND THE PRESSURE OF PRICE
Answers
Answer:
probably cant figure it out
Explanation:
A local boat manufacturing company has been family owned for more than 70 years, and it is the largest employer in the county. The boat company demonstrates corporate social responsibility by:________
Answers
The boat company shows corporate social responsibility by their initiative to start a free trade school that would train people to be welders, electricians, plumbers, or boat builders.
Corporate social responsibility (CSR) is a self-policing business model that aids an organization in being socially responsible to itself, its stakeholders, and the general public. Companies can be aware of the kind of effect they are having on all facets of society, including the economic, social, and environmental, by engaging in corporate social responsibility, also known as corporate citizenship. When a firm practices corporate social responsibility (CSR), it means that it operates in a way that benefits the environment and society rather than harming it.
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Type in a sentence using the word Financial planning wrong
Answers
Which of the following is a potential drawback to transitions such as pinwheels and checkerboards?
A)They can act as animated shows and be more interesting to the audience.
B) They are less effective when the presentation is viewed on mobile devices.
C)They reduce the opportunity to use hyperlinks.
D) They are difficult and time consuming to create.
E) They can disrupt the flow of the presentation and make it look amateurish.
Answers
The potential drawback of transitions such as pinwheels and checkerboards is that E) they can disrupt the flow of the presentation and make it look amateurish.
Transitions are visual effects used to create interest and move smoothly from one slide to the next in a presentation. Examples of such transitions include pinwheels and checkerboards. While transitions can be appealing, there are some potential drawbacks you need to consider.
One of the main potential drawbacks of transitions like pinwheels and checkerboards is that they can be distracting and disrupt the flow of the presentation. Overusing transitions or making them too flashy can make the presentation look amateurish rather than professional. Additionally, some transitions can create motion sickness or headaches in some viewers, especially if they are overused.
Other potential drawbacks of transitions include being less effective when the presentation is viewed on mobile devices (as in Option B), reducing opportunities to use hyperlinks (as in Option C), and being difficult and time-consuming to create (as in Option D). However, none of these options captures the primary fault of pinwheels and checkerboards.
In conclusion, the potential drawback of transitions like pinwheels and checkerboards is that they can disrupt the flow of the presentation and cause it to look amateurish. When using transitions, it is important to use them sparingly and avoid overusing flashy or distracting effects. Instead, strive to create a professional and polished presentation that keeps the audience engaged and focused on the main message.
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Which of the following is the best example of a SMART goal?
A. Graduate with a degree in business.
B. Learn as much about marketing as possible.
C. Graduate with a bachelor's degree in marketing in a year.
D. Earn a "B" or better in my Intro to Marketing course this semester.
Answers
Answer:
c
Explanation:
although all were good options for answers, but this graduate got through this in a year, Speaks volumes to me
Answer:
The answer is definitely: D. Earn a "B" or better in my Introduction to Marketing course this semester.
Explanation:
100 % correct
Tigger was terminated from the local ice cream shop as the staff manager. He did not manage by example including being rude to customers and always coming in late for his shift. What functional area of management did Tigger fail at?
Answers
He failed at Human Resources functional area of management
Let understand that the functional area of management is the section of management of a firm which ensures that the important business activities are carried out efficiently.
The functional area of management is distinctively categorized into 6 part and they includes:
Strategic area of managementMarketing area of managementFinance area of managementHuman resources area of managementTechnology & equipment area of managementOperations area of managementIn conclusion, the area that Tigger failed at is the Human Resources area because he need to serves as a good example for his Subordinate as well effectively managing them, whereas, he failed at it.
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What is collateral?
•
a type of unsecured credit
O property given as security for a loan
funds borrowed to buy property
a payment to reduce overall debt
Answers
A collateral is a property given as security for a loan. Thus, the correct answer is option B.
What is a collateral?A valuable asset that a borrower offers as collateral for a loan is known as collateral in the financial industry.
The house is used as collateral for the financing when a home buyer gets a mortgage. The automobile is the security for a car loan. When a company seeks bank financing, it may use valuable assets like real estate or machinery as collateral for the loan.
An unsecured loan has a higher interest rate than one that is backed by collateral. If there is a default, the lender has the right to transfer the collateral to make up the difference.
Therefore, property given as security for a loan is a collateral
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According to the U.S. Department of Labor, the average American has had how many jobs before the age of 32? a. four b. at least eight c. three or fewer d. one or two
Answers
Answer:
b. at least eight
Explanation:
According to data from the US Bureau of Labor Statistics released in May 2020, an average American has had 8.2 jobs before the age of 32. here is an extract
"--Individuals held an average of 8.2 jobs from ages 18 through 32, with over half of these jobs being held between the ages of 18 and 22".
Answer:
B at least eight
Explanation:
Describe how a high level of flexibility would affect your performance in softball. Consider the benefits in many aspects of softball.
Answers
Answer:
you would be able to jump higher
you would be able to run quicker
you would be able to catch the ball better
Hope this helps!
Answer:
With a high level of flexibility for a volleyball player physical performance and muscle coordination would improve, it can even enhance the enjoyment of playing. One would be able to jump higher, move quicker and maybe even hit the ball further and all of this put together hopefully win too.
Explanation:
As we have discussed, the most fundamental study of economics must address
the issue of needs vs. wants and the consideration of available resources in
making choices. go to the discussion board and tell about a recent purchase you
or your family made that required you to make a choice between a need and a
want.
this situation may deal with you personally or with your family as a whole. if you
have not made any personal purchases in the last few months, ask one of your
parents (or another adult) to share with you a purchase they made and the reasons
why they chose the product they purchased over another product. share with the
class the scenario by discussing the item purchased, the other items that were
considered, and the reasons the item purchased was chosen over the others.
comment on some of the entries of your classmates. refer to the discussion
rubric for guidance.
Answers
Let's consider a scenario where a person is in need of a new refrigerator. The person has limited financial resources and needs to make a choice between a basic model that only meets their needs and a more expensive model with additional features that they would like but are not necessary.
In this scenario, the person's need is for a functional refrigerator to store their food and keep it fresh. The want is for additional features such as a water dispenser, an ice maker, and a larger capacity. The person considers their options and realizes that the basic model that only meets their needs is within their budget, while the more expensive model with additional features is beyond their budget. The person ultimately decides to purchase the basic model that meets their needs and forgoes the additional features that they would have liked but are not necessary. This scenario demonstrates the concept of balancing needs and wants and the consideration of available resources in making choices. It highlights the importance of prioritizing needs over wants and making choices that are within one's budget and financial means.
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a fixed exchange rate system crisis may be accompanied or followed by group of answer choices devaluation of a currency. revaluation of a currency. deflationary pressures within the country. unexpected gains of international reserves.
Answers
When a fixed exchange rate system is experiencing a crisis, it is often accompanied by a devaluation of the currency.
This is because the crisis usually involves a situation where the demand for the currency exceeds the supply, which leads to a decline in its value. In turn, this can lead to deflationary pressures within the country, as imports become more expensive and exports become cheaper. It is less likely for a fixed exchange rate system crisis to be followed by a revaluation of the currency, as this would make exports more expensive and potentially worsen the crisis.
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who makes the final decision on ordering the product backlog?
a. Lead Developer
b. Scrum Master
c. Product Owner
d. Development Team
Answers
The Product Owner makes the final decision on ordering the product backlog.
The ultimate say on what further is added to the product backlog belongs to the product owner. Contrary to popular belief, anybody may order products from the product backlog, not just the product owner. The statement is untrue. It should be suggested that the product backlog be ordered by everyone who has a voice in how the project turns out. However, the product owner, who often is the sole person with ultimate authority, is in charge of allocating a backlog item's priority.
A list of all the tasks required to create and release your project is contained in the product backlog. Every team member should be able to comprehend the requirements for developing it thanks to the sufficient level of information in it. The project team or a business often includes product owners (PO) on its roster.
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Addison is going to invest in an account paying an interest rate of 6% compounded continuously. How much would addison need to invest, to the nearest ten dollars, for the value of the account to reach $94,000 in 5 years?.
Answers
Addison need to invest $69,640 for the value of the account to reach $94,000 in 5 years, at 6% compound interest, compounded continuously.
What is compound interest?The interest on savings calculated on both the initial principal and the accumulated interest from previous periods is known as compound interest
The given data:
Rate of interest = 8% compounded continuously.
Amount = $94,000
Time = 5 years
The formula for amount after continuous compound interest:
A = Pe^rt Where,
A is amount, P is principal, r is the rate of interest and t is the number of years.
94,000 = P × e^0.06×5
P = 94,000/e^0.3
= 94,000/ 1.3498
= $69,640.
Therefore, $69,640 is the amount to be invested.
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On further simplification, we get
Therefore, the amount 13533.528 is invested.
what is the npv of a project expected to generate $1,000 a year for 5 years assuming a discount rate of 10% and an initial outlay of $3,250?
Answers
$540.79 is the NPV of a project expected to generate $1,000 a year for 5 years assuming a discount rate of 10% and an initial outlay of $3,250.
What Is Net Present Value (NPV)?The difference between the present value of cash inflows and outflows over time is known as net present value (NPV). The profitability of a proposed investment or project is examined using NPV in capital budgeting and investment planning.
NPV is the outcome of computations that determine the current value of a future stream of payments using the appropriate discount rate. Projects that have a positive NPV are often worthwhile pursuing, but those that have a negative NPV are not.
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Why do corporate sponsors pay athletes and entertainers to use their products?
Answers
Answer:
It increases brand visibility, recognition, and associates it with someone successful and popular.
Explanation:
If athletes could use performance-enhancing drugs then one athlete could have an unfair advantage over another, making he/she more marketable.
Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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In order to build a _____ organization, managers must build a commitment to acquiring knowledge, transferring knowledge, and modifying behavior.
Answers
In order to build a successfui organization, managers must build a
commitment to acquiring knowledge, transferring knowledge, and
modifying behavior.
What is an Organization?This comprises of one or more people who work together to achieve a
common goal which is usually for profit making.
A successful organization has to have leaders who are committed in its
development through acquiring and transferring knowledge and being
ready to make required changes in behaviour or policies.
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Answer: learning
Explanation:
I need help I don’t get this
Answers
The friest answer bc she said budget
Answer:
it's C, because when you budget you are trying to save money.
Explanation:
Carlos is the VP Sales for a consumer electronics company and has recently been reviewing the performance feedback and employee satisfaction reviews. He noted that several sales representatives mentioned that they dissatisfied with the amount of commission they receive. Carlos wants to retain the best sales representatives rather than risk losing them to a competitor so he's trying to determine whether or not he should raise the percentage of commission representatives might receive on their sales. What management function best describes Carlos' activity?
Answers
Answer:
Compensation.
Explanation:
According to the information in the question above, it can be said that Carlos is exercising the function of compensation management. His functions are related to the compensation that employees receive for carrying out their work. Compensation managers are also responsible for maintaining the rules of benefits in compliance with management and legality, in addition to developing strategies that assist in retaining and hiring employees and all types of data and information on compensation in the organization.
People are living paycheck to paycheck why is that a problem
Answers
I need help with all those questions
Answers
What do you think the future trend of women's involvement in
marketing and executive level careers will be?
Answers
Future trend of women's involvement in marketing and executive level careers:
1. Increasing representation of women in leadership positions.
2. on diversity and inclusion.
3. Advancement in closing the gender pay gap.
4. Continued efforts to break gender stereotypes and biases.
5. Greater support for work-life balance and flexible work arrangements.
The future trend of women's involvement in marketing and executive level careers is expected to witness positive developments. Firstly, there will likely be an increasing representation of women in leadership positions. Organizations are recognizing the value of diverse perspectives and the benefits of gender-balanced leadership teams.
Furthermore, there will be a growing emphasis on diversity and inclusion, with companies actively working to create inclusive environments that support the advancement of women. This includes implementing policies and initiatives to ensure equal opportunities for career growth and development.
Efforts to close the gender pay gap are also expected to continue. As awareness grows, organizations are striving to address pay disparities and ensure equitable compensation for women in marketing and executive roles.
Breaking gender stereotypes and biases will remain an important focus. Society's perception of women's capabilities in leadership positions is changing, and organizations are challenging traditional norms to promote gender equality and recognize individual merit.
Additionally, there will be greater support for work-life balance and flexible work arrangements. Recognizing the importance of work-life integration, companies are adopting policies and practices that enable women to succeed in their careers while maintaining personal well-being and family responsibilities.
Overall, the future trend indicates a positive shift towards increased opportunities, recognition, and support for women's involvement in marketing and executive level careers, fostering a more diverse and inclusive professional landscape.
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