john maynard keynesthe way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation
Answers
The quote you provided is often attributed to economist John Maynard Keynes. It suggests that in order to diminish the power and influence of the bourgeoisie (the middle and upper classes), a strategy involving taxation and inflation should be employed.
Inflation, on the other hand, refers to the general increase in prices of goods and services over time, resulting in the loss of purchasing power for currency. In the context of the quote, it suggests that by deliberately creating inflation, the value of the bourgeoisie's wealth and assets would decrease. This can be done through various monetary policies, such as increasing the money supply or reducing interest rates.
The intention behind Keynes' statement was to address issues of Economic inequality and the concentration of wealth in the hands of a few. By implementing higher taxes and inflation, it was believed that the bourgeoisie's economic power could be reduced, leading to a more equitable distribution of wealth.
It is important to note that this quote represents a particular viewpoint on Economic policy and may not be universally accepted. Different economists and policymakers have different perspectives on the best approach to address economic inequality and promote overall economic well-being.
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Related Questions
Work Survival skills include?
A. introducing new ideas, coordinating tasks, and managing groups
B. identifying problems, gathering information, and imagining alternatives
C. cooperating, providing support, and expressing feelings
D. being punctual, managing time, and enforcing policies
Answers
Answer:d
Explanation: because it is in the work place survival skills manual
hope this helps
In the Work Survival skills includes the cooperating, providing support, and expressing feelings. The correct option is (C).
What do you mean by Work survival Skills?
The ability to maintain one's life in either a built-up or a natural setting is known as survival skills.
The required skills in the work survival are:
Design thinking.Online cooperationManage cognitive burden.Digital literacyTransdisciplinary.Computation-based reasoning.Cultural sensitivity.Social awareness.Innovative and flexible thinkingPerception.Even though they are not necessary in our modern world of support systems, survival skills will help you become a more independent person who is aware that they don't necessarily need to rely on all of our modern infrastructure systems to survive.
Therefore, in the Work Survival skills includes the cooperating, providing support, and expressing feelings.
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Akram owns a small farm. He employs 80 workers in the field and has recently hired a manager to help him manage the farm. The income of the business varies greatly during the year. The farm makes a small profit but Akram is ambitious. He wants to take over a neighbour's farm and increase the range of crops he sells. He thinks that he needs long-term finance and plans to take out bank loan to pay for the takeover. He has already borrowed money to buy a new tractor. A friend has advised him to form a company and sell shares
Answers
Complete Question:
Akram owns a small farm.He employs 80 workers in the field and has recently hired a manager to help him manage the farm. The income of the business varies greatly during the year. The farm makes a small profit but Akram is ambitious. He wants to take over a neighbors farm and increase the range of crops he sells. He thinks that he needs long-term finance and plans to take out bank loan to pay for the takeover. He has already borrowed money to buy a new tractor. A friend has advised him to form a company and sell shares.
Requirement. Identity two types of short-term finance Akram could use when the farm income is low
Answer with its Explanation:
The two types of short term finances are as under:
Merchant Cash Advance: It is also known as supplier payables but in fact it is actually an cash advance by supplier to promote its sales by allowing credit for a short term. It doesn't what level of profits the company is earning, the supplier always allow small period for payment of its goods.Invoice Financing: It helps the company borrow money from money lenders (mostly banks) against the debtors accounts. This is usually a short term loan with option to expand both time and money if the company has proven to growth and better credit control. The invoice finacing doesn't effect the borrowings in short term if the business profits are low because for qualifying for such loan the company must have better cash postion. Though higher profits might help in securing the short term loan by using invoice financing but cash generation is the key requirement here.don is an attorney who supplied a list of potential clients to a new attorney, lori. this list aided in the success of lori's practice. lori was very pleased and decided to do something for don. in the current year, lori gives don a new car worth $40,000. lori was not obligated to give this gift to don, and she did not expect don to perform future services for the gift. how much income, if any, should don report from this transaction and why?
Answers
Don must disclose his $40K in income. Even though there was no obligation to make the payment, the courts are likely to see the car as a payment for goods or services because the present was given in a professional setting.
What is income?Income is an entity's ability to save and spend money during a given period of time, and it is typically expressed in monetary terms. Conceptually, income can be difficult to define, and there may be variations depending on the field. The phrase "income" often refers to the total sum of cash, assets, and other value transfers received over a predetermined period of time in return for goods or services. There isn't a single, accepted definition of income; instead, the term is defined in light of the context in which it is used. Income is the money a person or organisation receives in return for labour, the creation of a good or service, or the use of capital.To learn more about income, refer to:
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true or false? the sarbanes-oxley act (sox) requires companies to report accurate financial data in order to protect their auditors from harm.
Answers
The Sarbanes-Oxley act (sox) mandates that businesses disclose specific financial information in order to safeguard their auditors. This assertion is untrue.
In reaction to many accounting scandals in the early 2000s, the Sarbanes-Oxley Act (SOX), a federal law, was passed in 2002 with backing from both political parties in Congress. Its objectives were to improve public transparency and auditing.
According to the Sarbanes Oxley Act, businesses must receive a letter from a qualified independent auditor outlining the company's internal control environment and existing processes.
The Sarbanes-Oxley Act (SOX), which was passed in 2002, set regulations to safeguard the general public against deceptive or exploitative company activities. The act created a system of internal corporate checks and balances and raised the openness of financial reporting by firms.
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Type the correct answer in the box. Spell all words correctly.
Which cost is dependent on production volume?
_____ cost is dependent on production volume.
Answers
Answer:
Variable costs
Explanation:
Variable costs are dependent on production output. The variable cost of production is a constant amount per unit produced. As the volume of production and output increases, variable costs will also increase.
Answer:
Variable cost
Explanation:
Jerome Garcia started a new business and completed these transactions during August:
1 Garcia invested P48,000 cash in the business.
1 Rented office space and paid P800 cash for the August rent.
3 Purchased exploration equipment for P22,000 by paying P12,000 cash and agreeing to pay the balance in 3 months.
5 Purchased office supplies by paying P1,500 cash.
15 Completed exploration work and immediately collected P420 cash for the work
8 Purchased P1,350 of office equipment on credit.
15 Completed exploration work on credit in the amount of P8,000.
18 Purchased P700 of office supplies on credit.
20 Paid cash for the office equipment purchased on August 8.
24 Billed a client P2,400 for work completed; the balance is due in 30 days.
28 Received P5,000 cash for the work completed on August 15.
30 Paid the assistant’s salary of P1,100 cash for this month.
30 Paid P340 cash for this month’s utility bill.
30 Garcia withdrew P1,050 cash from the business for personal use.
Required
1. Arrange the following asset, liabilility , and equility titles in a table: Cash: Accounts Receivable: Office Supplies: Exploration Equipment: Accounts Payable: Jerome Garcia: Capital: Jerome Garcia: Withdrawals: Revenues: and Expenses.
2. Use additions and subtractions to show the effects of each transaction on the accounts in the accounting equation. Show new balances after each transaction.
Answers
Answer:
im not sure but i think it was 800,00
Explanation:
A basic tool of accounting is the accounting equation. Here, the assets should always be equal to the liabilities and capital.
What is Accounting Equation?
This equation represents resources controlled by the business's current business liability and residual interest in ownership of assets.
It says assets should always be equal to liabilities and capital.
Assets = Liabilities + Capital
The calculation of the assets, liabilities and capital are shown in the image below:
Hence, refer to the image below to see the accounting equation with the given below information.
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the kinked-demand curve model of oligopoly question 34 options: assumes a firm's rivals will ignore a price cut but match a price increase. embodies the possibility that changes in unit costs will have no effect on equilibrium price and output. assumes a firm's rivals will match any price change it may initiate. assumes a firm's rivals will ignore any price change it may initiate.
Answers
The kinked-demand curve model of oligopoly "assumes a firm's rivals will match any price change it may initiate."
The Kinked Demand Curve model of Oligopoly is a fundamental concept that explains the price rigidity, a unique aspect of the oligopoly market.
It is based on the assumption that any price change of a product by one firm in an oligopolistic market will trigger a reaction from the other firms to keep the price stable.This model also assumes that firms in an oligopoly market are interdependent, meaning that each firm's price and output level can significantly impact its competitors.
Hence, firms tend to be strategic in setting their prices and outputs to remain competitive in the market.
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Where does chocolate come from? Does it come from brown cows?
Answers
Answer:
Cocoa beans, and no.
Explanation:
Brown cows produce as much milk as white and black Holstein cows and Devon red cows. Chocolate milk gets its color and flavor from cocoa beans. Cocoa beans are the seeds of the cocoa tree. After the farmer harvests the beans from the cacao tree, the cacao beans are roasted, ground and processed into a powder or syrup.
Describe two things you can do to make sure you are using another person's work fairly.
Answers
Answer:
cite the source and describe how you obtained it
Your job is to submit a risk diagnosis to the Centers for Medicare & Medicaid Services (CMS) for the purpose of payment. As part of this job, you use a process to verify the data is accurate. Your immediate supervisor tells you to ignore the Sponsor's process and to adjust or add risk diagnosis codes for certain individuals. What should you do?
Answers
Answer:
Report the incident to the compliance department (via compliance hotline or other mechanism)
Explanation:
Since in the question, it is mentioned that the you have to submit a diagnosis risk to CMS with respect to the payment also you need to check whether the data is correct or not
But at the same time you also ignored the process so here you need to report the situation to the compliance department so that the proper actions could be taken
In a risk diagnosis to the Centers for Medicare & Medicaid Services (CMS), report the incident to the compliance department (via compliance hotline or other method.
Since it is stated in the question that you must submit a diagnosis risk to CMS in order to receive reimbursement, you must also verify that the data is valid.
However, also neglected the process, therefore must report the problem to the compliance department so that appropriate action can be taken.
The Sponsor's methodology ensures that the data reported to CMS is correct. If disregard the process, its risk providing inaccurate information to CMS, which might have major consequences.
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The main outputs of which process are a quality management plan, quality metrics, project management plan updates, and project documents updates?
Answers
Answer:
Process asset updates.
Explanation:
Quality assurance assessments, validated modifications, authenticated deliverables, performance at work indicators, configuration management, project management plan modifications, project document security patches, and organisational process asset updates are the key outputs of quality assurance.
licensing is a good option to enter a foreign market when:
Answers
Answer:
Licensing is a good option to enter a foreign market when: ... Two of its competitors together control 50 percent of the market. Whenever Brental raises or lowers the prices of its products, the other two companies quickly imitate its action.
Firm-Specific Risk Definition
A firm-specific risk is the unsystematic risk associated with a specific investment in a firm that is completely diversifiable as per the theory of finance. Under this risk, the investor can lower their risk by increasing the number of investments they have in their portfolio.
Answers
Unsystematic risk is diversifiable, therefore you can reduce this risk in your investments by buying shares of numerous companies that operate in a range of industries.
What Is Unsystematic Risk: ?
Unsystematic risk is a sort of risk unique to a given industry or organization. Other names for it include nonsystematic risk, specific risk, diversifiable risk, and residual risk. In the context of an investment portfolio, diversification lowers unsystematic risk. Unsystematic risk, also referred to as company-specific risk, is an investment-related risk.
Unsystematic risk is also known as diversifiable risk because it can be diminished through diversification.
Even with diversification, investors still face systemic market risk.
Total risk is the sum of systematic and unsystematic risk.
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A loan taken out by a government that is repaid in a fixed amount at a specific time is a ____.
A. bond
B. hedge fund
C. stock
D. savings account
Answers
Can members of opposing parties work together for the good ofthe country as opposed to defending partisan interests?
Answers
Yes, members of opposing parties can work together for the good of the country instead of defending partisan interests. In fact, it is essential for the functioning of a healthy democracy.
This involves putting aside partisan interests, finding common ground, and focusing on policies that benefit the nation as a whole. By collaborating and compromising, politicians can create more effective legislation that represents a broader range of perspectives and addresses diverse needs.
However, it can be difficult to achieve this when there is a high level of polarization and ideological differences between parties. But with open communication, respect for differing opinions, and a willingness to find common ground, members of opposing parties can work together to serve the best interests of the country.
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do a man's physical strength allows his to work more effectively than a women?
Answers
Answer:
yes
Explanation:
if we are talking about a job in which strength is necessary men tend to be stronger this is because of muscle structure and other evolutionary factors in the way but if it's a job about art things that the creativity and not use of strength is needed is fair game
Answer:
yes
Explanation:
what he said ^
Jan's Jams makes a credit sale for $300 with terms of 2/10,n/30. The cost of the merchandise is $200. The required journal entry to record the sale and the cost of the sale is: _________
a) debit Accounts Receivable $200; credit Sales $200;
b) debit Cost of Goods Sold $300; and credit Merchandise Inventory $300
c) debit Accounts Receivable $300; credit Sales $300;
d) debit Cost of Goods Sold $200; and credit Merchandise Inventory $200
e) debit Sales $300 and credit Cost of Goods Sold $300
f) debit Accounts Payable $300; and credit Sales $300
Answers
Answer: debt Accounts receivable $300; credit Sales $300; debit Cost of Goods Sold $200; and credit Merchandise Inventory $200
Explanation: see attachment for more help
The correct options are C and D respectively. The required journal entry to record the sale and the cost of the sale is debit Accounts Receivable $300; credit Sales $300; debit Cost of Goods Sold $200; and credit Merchandise Inventory $200.
What is the difference between accounts payable and accounts receivable?The terms "accounts payable" and "accounts receivable" refer to the same thing. Accounts receivables represent the money that customers owe your company, as opposed to Accounts Payables, which represent the money that your company owes to suppliers.
An's Jams makes a credit sale for $300 with terms of 2/10,n/30. The cost of the merchandise is $200. The following are required journal entries to pass debit Accounts Receivable $300; credit Sales $300; debit Cost of Goods Sold $200; and credit Merchandise Inventory.
Thus, the proper answers are C and D, respectively.
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an individual who holds a real estate salesperson or broker's license is referred to as a?
Answers
An individual who holds a real estate salesperson or broker's license is commonly referred to as a real estate agent.
Real estate agents are licensed professionals who help clients buy, sell, or rent properties.
They are knowledgeable about the real estate market, laws, and regulations, and they can offer advice and guidance to clients throughout the buying or selling process.
Real estate brokers are similar to agents but have additional education and experience, and they may also manage a team of agents.
Both agents and brokers must pass a licensing exam and meet certain requirements set by their state's real estate commission.
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The claim that the high school drop-out rate has increased because more women have taken jobs in the workplace would be an example of
Answers
Claims that drop-out rate has increased because more women have taken jobs in the workplace is an example of false cause fallacy.
A false cause fallacy is said to occur in a statement because the link between the premises and conclusion does not even exist.
Here, phrase one is "high school drop-out rate has increased" and phrase two is "because more women have taken jobs in the workplace"
If we assess the two phrase, we will observe that their is no link between the statement to facilitate a valid conclusion because when woman taking jobs in workplaces can not result to increase in drop rate in high school.
Therefore, it is an example of false cause fallacy.
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buying things on credit was extremely rare before which year?
Answers
Prior to 1917, it was uncommon to purchase items on credit. As a result of the fact that it was never acceptable for lenders to impose interest rates that were high enough to generate a profit.
The term "purchase" means what exactly?
Cash or its equivalent is required to achieve something. To acquire real land by means other than descent, such as via labour, risk, or sacrifice, is to buy. d.
In order to reach the top deck, he purchased a ticket. A large portion of those shares were bought through brokers. There were some auto-related receipts among them. Opening the box of ties, she looked over her acquisition.
each and every product or service bought for resale.
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Tax that is imposed on value added at the various stages of production is known as
Answers
The tax that is imposed on value added at the various stages of production is known as a Value Added Tax (VAT).
A Value Added Tax is a consumption tax that is levied on the value added to a product or service at each stage of its production or distribution. It is based on the increase in value that occurs at each step of the supply chain. The VAT is typically calculated by subtracting the input tax (tax paid on purchases of materials, goods, or services) from the output tax (tax collected on sales) and remitting the difference to the tax authorities.
The concept behind a VAT is to collect tax revenue throughout the production and distribution process rather than just at the point of final sale. This ensures that the tax burden is spread across various stages of production and is ultimately borne by the final consumer.
The tax imposed on value added at the various stages of production is known as a Value Added Tax (VAT). This tax system is widely used by many countries as a means of generating revenue and achieving a more equitable distribution of the tax burden.
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Similarities between the public and private sector.
Answers
1. Both sectors aim to provide goods or services to consumers: The public sector provides critical services such as healthcare, education, and public safety, whereas the private sector provides for profit goods and services such as food, clothing, and entertainment.
2. Both sectors need to be financially sustainable: Both the public and private sectors must earn sufficient revenue to meet their expenses and stay financially sustainable.
3. Both sectors need to attract and retain skilled workers: To function successfully and efficiently, both industries require qualified personnel, and they must offer competitive wages and benefits to attract and keep these workers.
4. Both sectors are subject to regulations: The public sector is governed by government agencies, whereas the private sector is governed by numerous industry bodies and government agencies.
5. Both sectors need to be responsive to consumer needs: To remain competitive and relevant, both sectors must be sensitive to consumer requirements and preferences.
6. Both sectors play a role in the economy: The private sector generates economic growth, while the public sector provides necessary services that sustain economic activity.
plssssssssssssssssssssssssssssssssssssssssss i need this asap
what is the most likely reason why a text-only billboard that is advertising a new vacuum cleaner not get a heavy consumer response?
a. bc the product is poor quality
b. bc the billboard isn't attention grabbing
c. bc the target audience won't see the billboards
d. bc no one buys vacuum cleaners anymore
Answers
Answer:
b
Explanation:
because it makes sense
Answer:
c
Explanation:
the most reasonable answer.
the new-product development process discussed in the text
Answers
The new-product development process is a systematic approach that organizations follow to bring new products or services to the market successfully. It involves a series of stages that begin with idea generation and culminate in commercialization.
The process typically starts with idea generation, where ideas for new products are generated from various sources such as market research, customer feedback, or internal brainstorming.
Next, the selected ideas are subjected to rigorous research and development (R&D) activities to create prototypes or develop the product concept further. This stage involves testing and refining the product to ensure its viability and market acceptance.
Once the product concept is finalized, it moves into the testing and validation phase, where it is tested with a target market segment to gather feedback and make necessary modifications. This stage helps to refine the product and validate its potential success.
After successful testing, the product moves into the commercialization phase, where marketing, production, and distribution strategies are developed.
Finally, the product is launched in the market, followed by ongoing monitoring and evaluation to assess its performance and make adjustments as needed.
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Paul Sabin organized Sabin Electronics 10 years ago to produce and sell several electronic devices on which he had secured patents. Although the company has been fairly profitable, it is now experiencing a severe cash shortage. For this reason, it is requesting a $500,000 long-term loan from Gulfport State Bank, $100,000 of which will be used to bolster the Cash account and $400,000 of which will be used to modernize equipment. The company’s financial statements for the two most recent years follow:
Sabin Electronics
Comparative Balance Sheet
This Year Last Year
Assets
Current assets:
Cash $ 70,000 $ 150,000
Marketable securities 0 18,000
Accounts receivable, net 480,000 300,000
Inventory 950,000 600,000
Prepaid expenses 20,000 22,000
Total current assets 1,520,000 1,090,000
Plant and equipment, net 1,480,000 1,370,000
Total assets $ 3,000,000 $ 2,460,000
Liabilities and Stockholders' Equity
Liabilities:
Current liabilities $ 800,000 $ 430,000
Bonds payable, 12% 600,000 600,000
Total liabilities 1,400,000 1,030,000
Stockholders' equity:
Common stock, $15 par 750,000 750,000
Retained earnings 850,000 680,000
Total stockholders’ equity 1,600,000 1,430,000
Total liabilities and stockholders' equity $ 3,000,000 $ 2,460,000
Sabin Electronics
Comparative Income Statement and Reconciliation
This Year Last Year
Sales $ 5,000,000 $ 4,350,000
Cost of goods sold 3,875,000 3,450,000
Gross margin 1,125,000 900,000
Selling and administrative expenses 653,000 548,000
Net operating income 472,000 352,000
Interest expense 72,000 72,000
Net income before taxes 400,000 280,000
Income taxes (30%) 120,000 84,000
Net income 280,000 196,000
Common dividends 110,000 95,000
Net income retained 170,000 101,000
Beginning retained earnings 680,000 579,000
Ending retained earnings $ 850,000 $ 680,000
During the past year, the company introduced several new product lines and raised the selling prices on a number of old product lines in order to improve its profit margin. The company also hired a new sales manager, who has expanded sales into several new territories. Sales terms are 2/10, n/30. All sales are on account.
Required:
1. To assist in approaching the bank about the loan, Paul has asked you to compute the following ratios for both this year and last year:
a. The amount of working capital.
b. The current ratio.
c. The acid-test ratio.
d. The average collection period. (The accounts receivable at the beginning of last year totaled $250,000. )
e. The average sale period. (The inventory at the beginning of last year totaled $500,000. )
f. The operating cycle.
g. The total asset turnover. (The total assets at the beginning of last year were $2,420,000. )
h. The debt-to-equity ratio.
i. The times interest earned ratio.
j. The equity multiplier. (The total stockholders’ equity at the beginning of last year totaled $1,420,000. )
2. For both this year and last year:
a. Present the balance sheet in common-size format for both this year and last year.
b. Present the income statement in common-size format down through net income for both this year and last year
Answers
Paul Sabin organized Sabin Electronics 10 years ago to produce and sell several electronic devices on which he had secured patents are as follows below
a. The amount of working capital:
This year: Working capital = Current assets - Current liabilities = $1,520,000 - $800,000 = $720,000
Last year: Working capital = Current assets - Current liabilities = $1,090,000 - $430,000 = $660,000
b. The current ratio:
This year: Current ratio = Current assets / Current liabilities = $1,520,000 / $800,000 = 1.9
Last year: Current ratio = Current assets / Current liabilities = $1,090,000 / $430,000 = 2.53
c. The acid-test ratio:
This year: Acid-test ratio = (Cash + Marketable securities + Accounts receivable) / Current liabilities
= ($70,000 + $0 + $480,000) / $800,000 = 0.6375
Last year: Acid-test ratio = (Cash + Marketable securities + Accounts receivable) / Current liabilities
= ($150,000 + $18,000 + $300,000) / $430,000 = 0.9302
d. The average collection period:
This year: Average collection period = (Accounts receivable / Sales) * 365 days
= ($480,000 / $5,000,000) * 365 = 35 days
Last year: Average collection period = (Accounts receivable / Sales) * 365 days
= ($300,000 / $4,350,000) * 365 = 25 days
e. The average sale period:
This year: Average sale period = (Inventory / Cost of goods sold) * 365 days
= ($950,000 / $3,875,000) * 365 = 89 days
Last year: Average sale period = (Inventory / Cost of goods sold) * 365 days
= ($600,000 / $3,450,000) * 365 = 63 days
f. The operating cycle:
This year: Operating cycle = Average collection period + Average sale period = 35 days + 89 days = 124 days
Last year: Operating cycle = Average collection period + Average sale period = 25 days + 63 days = 88 days
g. The total asset turnover:
This year: Total asset turnover = Sales / Total assets = $5,000,000 / $3,000,000 = 1.67
Last year: Total asset turnover = Sales / Total assets = $4,350,000 / $2,460,000 = 1.77
h. The debt-to-equity ratio:
This year: Debt-to-equity ratio = Total liabilities / Total stockholders' equity = $1,400,000 / $1,600,000 = 0.875
Last year: Debt-to-equity ratio = Total liabilities / Total stockholders' equity = $1,030,000 / $1,430,000 = 0.72
i. The times interest earned ratio:
This year: Times interest earned ratio = Net operating income / Interest expense = $472,000 / $72,000 = 6.56
Last year: Times interest earned ratio = Net operating income / Interest expense = $352,000 / $72,000 = 4.89
j. The equity multiplier:
This year: Equity multiplier = Total assets / Total stockholders' equity = $3,000,000 / $1,600,000 = 1.875
Last year: Equity multiplier = Total assets / Total stockholders' equity = $2,460,000 / $1,430,000 = 1.721
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Rhonda is facing a complex situation and needs help figuring out what to do. Imagine that she hires you to help her tackle this challenge and make the right decision. You will use the steps of a rational decision-making process to explore, evaluate, and ultimately offer Rhonda your professional opinion on how she should handle the situation.
Answers
The steps of the rational model of decision making in the correct order includes as follows:
Identify the problem or opportunityThink of alternative solutionsEvaluate alternatives and select a solutionImplement and evaluate the solution chosen.What is the rational model of decision making?Basically, the decision making refers to the process of making choices by identifying a decision, gathering information and assessing alternative resolutions, the use of the process can help to make more deliberate and thoughtful decisions by organizing relevant information and defining alternative.
Going forward, the rational model of decision making involves an individuals using facts and information, analysis and a step-by-step procedure to come to a decision. This rational model is more advanced type of decision-making model.
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Expliquen la siguiente frase:
El mero crecimiento económico no es suficiente para terminar con la pobreza y preservar el medio ambiente
Answers
Answer:
Efectivamente, el mero crecimiento económico no es suficiente para terminar con la pobreza y preservar el medio ambiente, sino que dicho crecimiento debe ir acompañado de un desarrollo estructural que contemple el acceso igualitario a los distintos servicios por parte de la sociedad, así como también el establecimiento de controles sanitarios y medioambientales que preserven el bienestar de los individuos en el marco del desarrollo de las actividades económicas.
what is an unconsummated transaction
Answers
An unconsummated transaction refers to a transaction that has been initiated or proposed, but has not yet been completed or finalized.
In other words, an unconsummated transaction is one in which the exchange of goods, services, or assets has not taken place. This can occur for a variety of reasons, such as a change of plans, a failure to meet conditions, or a lack of agreement on terms. An unconsummated transaction is considered void, and no rights or obligations are created as a result. It is a transaction that has started but has not yet been completed and the exchange of goods, services or payments has not taken place. The term is often used in financial, business, or legal contexts and refers to a transaction that is still in progress and has not yet been finalized.
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Please I need help!!
Answers
Answer:
A
Explanation:
There are two players, a buyer and a seller. In period 1, the seller chooses his investment level I ≥ 0 at cost I. In period 2, the buyer observes the investment I and makes a ‘take-itor-leave-it’ price offer to the seller for one unit of the good. If the offer is accepted by the seller, it will produce one unit at cost c(I). Assume that c 0 < 0 (higher was the investment I earlier, lower is the cost of production; and also assume that c 00 > 0 and c(0) < v, where v is the buyer’s utility from consuming the good.
(a) Model this interaction as a game.
(b) Find subgame perfect equilibria/equilibrium of this game.
(c) What is the socially optimal level of investment? (d) Is it possible for the buyer and the seller to agree on a contract (before period 1) which delivers the socially optimal investment? Note that contracts can not be written on the level of I, because such contracts are not verifiable.
Answers
(a) Modeling the interaction as a game. In period 1, the seller chooses the investment level I ≥ 0 at cost I, while in period 2, the buyer offers a ‘take-it-or-leave-it’ price to the seller for one unit of the good after observing the investment I. This interaction can be modelled as a game where there are two players: the seller and the buyer. The game is also a sequential game since the players act one after the other.
(b) Subgame perfect equilibria/equilibrium of the game. In the subgame perfect equilibrium, both the buyer and the seller are rational, and their strategies are consistent with the Nash equilibrium. This is the only equilibrium that satisfies backward induction. In period 2, the buyer can either offer a price, π(I), or not offer a price, N. The seller has two options: to produce one unit of the good, P, or not produce it, N. The payoffs are as shown in the table below: π(I) P Nπ(I) c(I) - π(I) 0N 0 0The subgame perfect equilibrium is given by:
if the buyer offers π(I) ≥ c(I)/2, then the seller produces. Otherwise, the seller does not produce.
(c) The socially optimal level of investment. The socially optimal level of investment is where the buyer and seller’s payoffs are maximized. The socially optimal level of investment is given by I* = c(0)/2.
(d) Yes, it is possible for the buyer and the seller to agree on a contract (before period 1) that delivers the socially optimal investment. If the buyer and the seller can agree on a price π* such that π* = c(I*)/2, then the seller will invest in the socially optimal level of investment. Since π* = c(I*)/2, the buyer will not pay any surplus to the seller.
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