A businessperson is returning from a trip to china and has 409.31 yuan in their wallet. the most current currency conversion rate is 1 u.s. dollar:6.4651 yuan. how much money will the businessperson have when they convert their money to u.s. dollars?
a. $2646.23
b. $415.78
c. $402.84
d. $63.31

Answers

Answer 1

A businessman with 409.31 yuan in their wallet is coming back from a vacation to China. The most recent exchange rate is 1 US dollar to 6.4651 Chinese yuan. When the businessperson will convert their money to u.s. dollars, he will have $63.31.

What do you mean by exchange rate?

The worth of one currency in respect to another, or the rate at which one currency will be exchanged for another, is known as a currency's exchange rate.The foreign exchange market, often known as Forex or FX, which is a worldwide decentralised market for the trading of currencies, determines the exchange rates of such currencies.

Most currency conversion rate is 1$ = 6.4051 yuan

So, 409.31 yuan  = 409.31  - 6.4051

                             =  $63.31

So, The correct option is D.

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Related Questions

Who controls the economy in communism ?

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In a communist society, the economy is centrally planned and controlled by a single party, usually the communist party. This party decides what is produced, how much is produced, where it is produced and how it is distributed.

All economic decisions are made in accordance with the overall goals and objectives of the Communist Party. The party is responsible for setting goals for production, what resources will be used, and how products will be distributed. The party also sets standards for quality, safety and environmental protection. As the sole controller of the economy, the Communist Party has the power to decide how resources will be allocated to various sectors and how much wealth should be redistributed to help the needy.

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surplus, unsold foods grown and raised on u.s. farms are used to provide for the____

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The feed contains at least 95% organic ingredients. Surplus unsold food grown and raised on US farms will be used to provide supplies.

Major US exports are grains/feed, soybeans, livestock and horticultural products. American consumers want a safe, diverse and plentiful supply of food that is affordable and available year-round.

To meet these consumer needs, the United States imports approximately 15% of its total food supply. Pesticides, fertilizers, and other toxic pesticides can contaminate freshwater, marine ecosystems, air, and soil.

Raw milk contains Campylobacter, Cryptosporidium, Escherichia coli, Listeria, Brucella, and Salmonella. The main imports in 2022 are consumer goods (27%), capital goods (26%), industrial goods (25%), automobiles, parts and motors (12%), food, feed and beverages (6%) follows. ).

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Scenario: Your business wants to advertise to a local audience. Which targeting strategy should you use?

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Demographic targeting strategy  should be used in the Scenario where your business wants to advertise to a local audience

Demographic targeting is a type of behavioural advertising in which marketers target consumers with internet ads based on their demographics. They are able to do this by creating demographic features of consumers utilising data that already exists from sources like browser history, prior searches, and data provided by the customers themselves. Marketers can identify which sectors or subgroups of the population appear to exist by using demographic targeting. It gives firms the capacity to crystallise their understanding of the circumstances and traits that characterise a typical component within one of those different market segments.

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Obed manages a large dry cleaning facility. Recently, he asked you how to make sure his facility has the best possible culture. What would you recommend to Obed in terms of choosing an organizational culture

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A sizable cleaning equipment facility run by Obed. He just asked for advice on how to make sure the atmosphere at his institution is positive. What advice would you give Obed.

What precisely does "organizational culture" mean?

Organizational culture refers to a company's beliefs, goals, and attitudes as well as how they influence how its employees behave. The corporate culture of a company affects how customers or suppliers engage with that company.

What examples of organizations are there?

Whether a for-profit or nonprofit corporation, the structure, ideals, psychology, and sociology of the organization are all included in the concept of organizational culture. Philosophy, beliefs, expectations, and experiences are only a few components of company culture.

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A customer buys 10M of Allied Corporation 8% debentures, M '28, at 90 on Wednesday, May 29th. The interest payment dates are Mar. 1st and Sept. 1st. The trade settled on Friday, June 1st. The customer will receive how many months of interest in the next payment

Answers

Bondholders get set semi-annual interest payments from the issuers for the previous 6-month period. The transfer of interest accrued by buyer to seller guarantees that each one receive the appropriate amount of interest

How would you define interest?

The fee you spend to borrow the money or the fee you demand to lend money is called interest. The most common way to represent interest is as a yearly percentage of the loan amount. The rate of interest on the loan is this proportion.

Why is interest required to be paid?

Motives Why Paying Interest There are several significant reasons why lenders require borrowers to pay interest. First off, when people borrow money, they are no longer able to utilise it to pay for their own purchases.

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What is advertising branding?

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A brand's identity is strengthened and consumer loyalty is increased through brand advertising, which is a type of advertising intended to raise awareness for a brand, a product, or a service.

What are the 4 elements of branding?

These are the four key brand elements that you must take into consideration while creating your brand strategy. Strong brand identities, images, cultures, and personalities are necessary for a successful brand. While branding determines the tone and focus of advertising campaigns, advertising can increase brand recognition. In addition to boosting advertising efforts, marketing can control brand accountability and support a brand's reputation.

By establishing relationships with your audience, you can eventually convert them into devoted consumers. You can distinguish your company from rivals who aren't taking advantage of this by building a brand that people genuinely care about. Consistency, Clarity, and Character are the three Cs of brand messaging. Personal branding typically takes place in settings where individuals connect, whether they are prominent personalities or not, such as on social networking sites or at business gatherings.

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Amanda wants to buy a new car. What questions of financial responsibility should she ask herself before she makes the purchase

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She should probe her financial responsibility by asking these questions: Can I use the my old vehicles a little bit longer or do I really need this one? , Is this a dependable car?

Why is it vital to be financially responsible?

For a variety of reasons, adopting responsible in your social life is essential. Your credit score will go up, you'll purchase a condo, and you'll have an emergency fund in tact if you have good money management abilities. You can use it to escape a job you despise or set aside money for things you want.

What does financial accountability law entail?

Financial Responsibility Law: What Is It? Financial responsibility laws, which are frequently related to vehicles, demand that a person or organization demonstrate their ability to pay for accident-related damages.

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Choosing to go to college over getting a job right out of high school is an example of a(n) _____.
A-fixed cost
B-opportunity cost
C-variable cost
D-none of the above

Answers

Choosing to go to college over getting a job right out of high school is an example of a(n) opportunity cost. Thus the correct option is B.

What does the opportunity cost?

An opportunity cost refers to the surrender of any benefit over another thing. When an individual is stuck between a variety of options and chooses an alternative over available options reflects opportunity cost.

In the given case, as well as an individual chooses to go to college over getting a job in which he chooses an option between two represents elements of opportunity cost.

Therefore, option B is appropriate.

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In most societies, resources are allocated by Group of answer choices a single central planner. a small number of central planners. those firms that use resources to provide goods and services. the combined actions of millions of households and firms.

Answers

Answer:

In most societies, resources are allocated by

D. The combined actions of millions of households and firms.

Explanation:

In most societies, resources are allocated by

a.  a single central planner.

b.  a small number of central planners.

c.  those firms that use resources to provide goods and services.

d.  the combined actions of millions of households and firms.

I hope this finds you well!!!

In most societies, resources are allocated by the combined actions of millions of households and firms. The last option is the correct answer.

The process of identifying all available resources for a project, whether labor or monetary and strategically assigning them to tasks that allow them to do their best work is known as resource allocation.

To avoid staff burnout, effective resource allocation should ensure that work is distributed fairly across all resources. Effective resource allocation should empower teams by ensuring that resources have the requisite skills, knowledge, and training to fulfill assigned tasks.

Therefore, the combined actions of millions of households and firms result in resource allocation in most societies.

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When considering a peanut butter and jelly sandwich, economics would refer to jelly as which of the following

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In economics, jelly would be considered an economic good. Economic goods are items that are rare and have a price associated with them. This means that jelly would be an item that people are willing to pay to get access to because it is a desirable item.

Jelly can also be considered a commodity, which is an item produced for consumer needs and traded on the market. The demand for jelly is influenced by its price, availability and quality. For example, if the price of jelly were to increase, it is likely that the demand for it would decrease and vice versa. Peanut butter and jelly sandwiches are an example of how economics can be applied to everyday things.

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Which of the following accounts will have an ending balance after the closing process is completed? A) Owner's Name, Withdrawals B) Rent Expense

Answers

Answer: The correct answer is B (Rent Expense)

Explanation:

At the end of every financial year, closing entries are passed for all expenses and income account. Other accounts including account of assets and liabilities are to be carried over to the next year. Hence they will not have an ending balance.

Rent expense is an interest account where income or expense will not contain any balance as all the nominal account are transferred to the trading and manufacturing account by passing the closing entries.

2. Carl is saving $400 every month into a savings account that earns 8%. How much will he have in 15 years

Answers

The amount carl will have after 15 years time in his account after saving $400 every month into a savings account that earns 8%. is $158400

P= 400×12 = 4800, 4800 × 15 = 72000, R = 8%, T= 15, 72000×8×15= 8640000÷100= 86,400, 72000+86,400 = 158400 An ownership banking account kept at a financial institution such as a bank is referred to as a savings account. Despite the relatively low lending rates offered by these accounts, their security and dependability make them a fantastic choice for keeping money on hand for urgent needs. Although there are some restrictions on how frequently you can rescind money from a savings account, overall they provide exceptional flexibility that makes them perfect for creating a reserve fund, saving for an immediate need

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What is NOT true of chicken and beef production? * 1 point a. More than seven times as much grain is required to produce 1 kg of beef than 1 kg of poultry. b. More than 1 calorie of energy is needed to produce 1 calorie of beef or chicken. d. The energy content of 1 kg of beef is equal to the energy content of 1 kg of poultry. d. Grain fed poultry and cattle are both primary consumers.

Answers

Option d, The energy content of 1 kg of beef is equal to the energy content of 1 kg of poultry.

The energy content of 1 kg of beef is generally greater than the energy content of 1 kg of poultry. Beef contains more fat, which has a higher energy content than protein. Additionally, it takes more energy to produce a kilogram of beef than a kilogram of poultry because of the differences in the feed and resources required to raise cattle versus chickens.

The other options are true: More than seven times as much grain is required to produce 1 kg of beef than 1 kg of poultry. More than 1 calorie of energy is needed to produce 1 calorie of beef or chicken. Grain-fed poultry and cattle are both primary consumers.

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A property's taxes are $9,540 and are paid for in arrears. The property was sold, and closing took place on March 7. The seller was responsible for the day of closing. Using the 360 day method, how will taxes be prorated

Answers

The "360 day technique" will be used to prorate taxes, which will be charged to the buyer and credited to the seller for a total of $1775.50.

Who is in charge of making property tax payments following the closing?

All property tax bills that become due after the final date must be paid by buyers of existing homes. In Illinois, taxes are paid a year after they are assessed, or in arrears. Your settlement statement will include any tax credits that you were given by the seller during the closing.

Property taxes are paid in arrears and will be the buyer's responsibility after closing. Terms in this set (10)

$9540 in total taxes.

Total amount of time before shutting = 2 months, 7 days.

$795 per month is the monthly fee.

Daily fees equal $26.5 per day.

795 multiplied by two months' w

Charges for seven days equal seven by 26.5 to $185.

Charges in total: 1590 + 185.5 = $ 1775.5 $1776 (Rounding off)

The buyer receives a credit and the seller receives a debit since the buyer paid the property's taxes on the day of closing and the seller was in charge of them for the prior two months and seven days. The buyer is due $1776 from the vendor.

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Which of the following is central to the task of identifying the strategy-related issues and problems that ment the front-burner attention of company managers? O Doing a SWOT analysis and a competitive strength assessment O Deciding what strategic path to follow, setting stretch objectives, picking an appropriate strategic intent, and crafting a competitively powerful strategy O Deciding what to do-which strategic actions to take and which strategic moves to make O Drawing conclusions about how hard it will be for the company to achieve a sustainable competitive advantage and deciding what actions to take to overcome these obstacles and challenges O Compiling a "worry list of "how to...," "whether to ," and "what to do about...that serves as an agenda of strategically relevant issues/problems that managers need to address in crafting a refurbished strategy to fit the particulars of the company's external and internal situation

Answers

Doing a SWOT analysis and a competitive strength assessment is central to the task of identifying the strategy-related issues and problems that ment the front-burner attention of company managers.

What does SWOT analysis mean?

It is a strategic planning tool used to assess an organization's internal and external environment. It can help organizations identify and analyze their strengths, weaknesses, opportunities, and threats to aid in the development of future plans and strategies.The goal of a SWOT analysis is to gain insight into an organization's competitive position in the marketplace and to help guide decision-making. It can also be used to evaluate competitors and identify external factors that could affect a business.

What is a Company manager?

A company manager is a person who is responsible for overseeing the day-to-day operations of a business or organization. They are responsible for setting goals, developing strategies, monitoring progress, and ensuring that employees and other stakeholders are meeting the organization’s objectives. The manager must also be able to handle difficult situations, such as employee conflicts or customer complaints, and make sure that the company is running efficiently and effectively.

Therfore the correct option is A. Doing a SWOT analysis and a competitive strength .

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Which of the following is not a component of internal analysis leading to competitive advantage?
a.Tangible and intangible resources.
b.Analysis of supplier power.
c.Capabilities.
d.Core competencies

Answers

Supplier power analysis is not a part of internal analysis that produces a competitive advantage.

A trait that enables a corporation to outperform its competitors is known as a competitive advantage. Competitive advantages include access to natural resources like high-grade ores or a cheap supply of energy, highly skilled labor, a strategic location, high entry barriers, and access to cutting-edge technologies and proprietary information. Competitive advantage is the advantage a business has over its rivals. This can be done by giving them better and more valuable things. Advertising products or services with lower prices or higher quality piques consumer interest. This is the rationale behind why customers choose one brand of product or service over an alternative. To grasp competitive advantage, one must comprehend value proposition.

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What is an economic system in which individuals and businesses own property and the means of production?

Answers

Under capitalism, most means of production are privately owned, and production is controlled and income is distributed primarily through the operation of markets.

What is Capitalism?A common misconception about capitalism is that it is an economic system in which individual actors own and control property according to their interests and where supply and demand freely determine market prices in a way that benefits society.The essential quality of capitalism is the desire to make a profit. The goal of capitalism's economic system is to increase profits for businesses and private persons through the creation of commodities and services. Capitalism, which greatly enhanced industrialization and the availability of mass-market consumer goods, replaced the historical feudal and mercantilist systems in Europe.A great deal of variance in the concentration of wealth and economic power came to be connected with capital that was amassed via a range of techniques and at a variety of scales.

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What is the process of deciding which goods and services will be purchased or provided so that the most satisfaction can be obtained?

Answers

The concept mentioned is Economizing. It means trying to save money by reducing the amount that you are spending.

The process of deciding which goods and services to buy or to get the most satisfaction is called Economizing. You must maximize the value of your wealth.

Caring for the environment means you stop complaining about what you don't have and start making the most of what you have. Savings are a huge benefit as people think about where they can save on costs and most unnecessary expenses are eliminated in a way they wouldn't otherwise have.

So as you make decisions, you can see how it helps people sort through the mess that has been created everywhere in front of them. Resource conservation means using resources in such a way that the maximum return per unit of use is achieved.

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The huge increase in global trade has helped U.S. and Canadian economies, but has hurt many American and Canadian workers. Why

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Canada is the top foreign provider of natural gas and crude oil to the United States, accounting for 25% of all oil imports. In summary, this energy partnership has improved American energy security and given Canada a consistent market for its energy exports.

As a result of trade's encouragement of specialization, innovation, and large-scale growth to serve international markets, enterprises become more productive, which raises worker pay and boosts Canada's economy. The eventual outcome is a rise in living standards.

By cutting import costs and maintaining low prices for imports' alternatives, trade liberalization benefits the poor in the same manner it benefits the majority of other people. This increases people's real incomes.

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Every economy must answer each of the following questions except one. Which is the exception?
-Why are these particular goods produced?
-Which goods will be produced?
- Who will actually consume the goods produced?
-Which resources should be used?

Answers

In a pure command economy, there is no personal sector, as the central government owns or controls all business.

In a command economy, government officials set countrywide economic priorities, such as how and when to generate economic growth, how to allocate resources, and how to distribute the output.

What are the three most frequent economic systems quizlet?

The three fundamental kinds of financial systems are traditional, command, and market. Traditional financial system is based on customs and beliefs.

Command economy has government leaders controlling elements of production. Market authorities has humans making decisions themselves. .

-Why are these particular goods produced?

Points on the PPF show all the combinations of two goods that can

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The company announce a three-for-one tock plit. You will wind up with 1,500 hare after the plit. How many hare did you have before the plit?

Answers

You would have had 500 shares before the three-for-one stock split.

A stock split occurs when a company increases the number of shares outstanding by issuing more shares to current shareholders. In a

three-for-one stock split, for every one share a shareholder owns, they will receive two additional shares. This results in a tripling of the number of shares outstanding and a corresponding reduction in the per-share price of the stock. In the scenario provided, it is stated that you will wind up with 1,500 shares after the split. To determine the number of shares you had before the split, you can divide the number of shares you will have after the split by the split ratio. In this case, the split ratio is 3-for-1, so to find the number of shares before the split, you divide 1,500 by 3 which is equal to 500 shares.

It's worth noting that stock split doesn't change the underlying value of the company, the market capitalization of a company will remain the same before and after a split. Also, stock split is generally used by companies whose stock is trading at a high price per share, to make it more accessible to a larger number of investors.

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What are the main problems of an economy and how are they solved?

Answers

The conundrum of limited resources and insatiable wants is the core issue in economics. Additionally, economics has demonstrated that  man's requirements cannot be met. As more of our requirements are met over time, we gradually create greater wants.

The social science of economics deals with the creation, exchange, and consumption of products and services. Economics is the study of how economies work as well as the behavior and interactions of economic actors. The study of microeconomics focuses on what are thought to be the fundamental components of the economy, such as the interactions that result from market and agent activity. Individual agents can represent a variety of clients, including homes, companies, buyers, and sellers. The study of the economy as a coexisting system of production, consumption, saving, and investment is known as macroeconomics. Additionally, it looks at the elements that have an impact on this system, including the use of labor, capital, and natural resources, currency inflation, economic expansion, and public policies .

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Faye sometimes borrows money from her broker to buy her stock. She is buying a. A call option b. A direct investment c. On margin d. A put option e. A short sale

Answers

Faye sometimes borrows money from her broker in order to buy her stock. She is said to be buying on margin.

Margin tends to refer to the amount of the equity which an investor has in their own brokerage account. So, in order "to margin" or "buying on margin" refers to the use of the money which are being borrowed from a broker in order to purchase securities.

However, to do so you must have a margin account, rather than a standard brokerage account. So, here Faye sometimes borrows money on margin from her broker in order to purchase her stock.  

Hence, option C is correct.

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What do you think is the best economic system and why?

Answers

Answer: Economy system  is important for many areas of society. It can help improve living standards and make society a better place.

Peanut Company acquired 100 percent of Snoopy Company’s outstanding common stock for $300,000 on January 1, 20X8, when the book value of Snoopy’s net assets was equal to $300,000. Peanut uses the equity method to account for investments. Trial balance data for Peanut and Snoopy as of December 31, 20X8, are as follows:

Answers

As of December 31, 20X8, Peanut and Snoopy's liabilities and equity were 1288000.

Which is preferable, equity or equality?

For fairness and justice to be upheld as well as for each member of society to be able to reach their full potential, equality and equity are necessary. As opposed to equity, which aims to provide everyone with everything they need to have fair opportunities to those possibilities, equality makes sure that everyone is provided the same opportunities.

How does equity work in Example?

Equity can be used to a single property, such as real estate or to a corporation and is calculated by deducting liabilities from assets. The difference is $100,000 represents equity, for instance, if a homeowner has a home worth $400,000 but owing a mortgage of $300,000.

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Cage Corporation has current liabilities of $415,000, a quick ratio of .86, inventory turnover of 10.3, and a current ratio of 1.34. What is the cost of goods sold for the company

Answers

Cage Corporation has current liabilities of $415,000, a quick ratio of .86, inventory turnover of 10.3, and a current ratio of 1.34. $2,051,760 is the cost of goods sold for the company.

1. Current ratio = Current  assets/ Current liabilities

1.34  = Current assets / $415,000

Current assets = 1.34 x $415,000

Current assets = $556,100

2. Quick ratio=  (Current assets - Inventory) / Current liabilities      

0.86  = ($556,100 - Inventory)/ $415,000

0.86 x $415,000 = $556,100 - Inventory

$356,900 = $556,100- Inventory

Inventory  = $556,100 - $356,900

Inventory  = $199,200

3. Inventory turnover =   Cost of good sold/Inventory            

10.3 = Cost of goods sold /   $199,200

Cost of goods sold = 10.3 x $199,200

Cost of goods sold = $2,051,760

The current ratio formula, which includes current ratio and current assets with the exception of current assets, must be used in the first occurrence. Therefore, the formula is changed to include current asset.

In the second instance, if all current assets, liabilities, and the quick ratio were known except for the inventory, we will use the quick ratio formula. Inventory is the formula's new focus.

Finally, we will use the formula for inventory turnover, which takes into account cost of goods sold and assumes that inventory and inventory turnover are known quantities.

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Amy worked as an aircraft design engineer for a company that produces military aircraft until she lost her job last year when the federal government reduced defense spending. She has been looking for similar work for a year but no company seems interested in her aircraft design skills. What type of unemployment is Amy facing

Answers

Amy has been looking for similar employment for a year, but no employer seemed to be considering her expertise in aircraft design. Mollie kind of unemployment is Amy experiencing.

According to the OECD, unemployment refers to adults above a specific age who are currently seeking employment but are not employed or working for themselves during the reference period. The unemployment rate, which is used to determine the degree of unemployment, is calculated using the number of unemployed people as a percentage of the labor force. The state of the economy, which can be impacted by a recession, the competition brought on by globalization and international trade, government policies, regulations, and the market are just a few of the factors that contribute to unemployment. A country's fiscal policy, for example, can have an impact on unemployment and the status of the economy.

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What is the difference between undecidable and unsolvable?

Answers

The distinction between undecidable and unsolvable is that an unsolvable problem is one for which no algorithm has ever been created to provide a solution

What does it mean when a problem is intractable?An undecidable problem is one that should have a "yes" or "no" response, but for which there is no method that can provide a reliable solution across all inputs.No algorithm has ever been created to solve an unsolved problem. Undecidable problems are those for which no algorithm can ever be created that will consistently return a true or false answer for each input value.The distinction between undecidable and unsolvable is that an unsolvable problem is one for which no algorithm has ever been created to provide a solution. Undecidable problems are those for which no algorithm can ever be created that will consistently return a true or false answer for each input value.      

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What can you get with a 800 credit score?

Answers

With a credit score of 800 one is likely to be approved for additional credit lines, such as personal loans, mortgages, and auto loans.

What is a credit score?An individual's creditworthiness is shown by their credit score, which is a numerical expression based on a level analysis of their credit files. A credit report, which normally includes data from credit bureaus, serves as the foundation for a credit score.While every creditor defines its own ranges for credit scores, the average FICO Score range is often used.Additionally, you might be eligible for credit cards that offer higher benefits and points, like entry to airport lounges and complimentary breakfast at hotels.

Excellent: 800–850

Very Good: 740–799

Good: 670–739

Fair: 580–669

Poor: 300–579

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A good that takes up a very large percentage of the consumer's budget will tend to have
A. An elastic demand
B. A perfectly elastic demand
C. an inelastic demand
D. an upward-sloping demand curve
E. Very many substitutes

Answers

Answer:

A. An elastic demand is the answer.

Explanation:

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