What was the name of the set of principles that dominated economic thought?.

Answers

Answer 1

The set of principles that dominated economic thought was known as Classical economics. It refers to the economic thought that was widely used in the 18th and 19th centuries.

The major contributors to this school of thought were Adam Smith, David Ricardo, and Thomas Malthus.Classical economics primarily focused on the concept of free markets and the idea of laissez-faire, which refers to minimal government intervention in the economy. They believed that markets would be self-regulating and that prices would adjust themselves automatically to achieve equilibrium.The theory of comparative advantage was also a significant contribution of Classical economics. It suggests that countries should specialize in producing goods and services that they are best at, and trade them with other countries for goods and services they are not good at producing. This theory is still widely used today in international trade policies.

In conclusion, the set of principles that dominated economic thought was Classical economics, which primarily focused on the concept of free markets and minimal government intervention in the economy. It also included the theory of comparative advantage, which is still relevant today in international trade policies.

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Related Questions

which internal control principle is lacking if one person is responsible for the related activities of ordering merchandise, receiving goods, and paying for them?

Answers

Increases the potential for errors and fraud is the internal control principle is lacking if one person is responsible for the related activities of ordering merchandise, receiving goods, and paying for them.

What is 'goods receiving'?

Goods receiving is a function that controls the products delivered to the company, either as new stock or as supplies. This includes checking the quality, condition and quantity of incoming goods and distributing them to the warehouse.

The receiving procedure is necessary to ensure that all incoming goods are properly inspected, labelled and recorded as received. If this is not done correctly, the company will find that its inventory data is inaccurate.

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Game theory can help us understand why Xerox did not successfully exploit the opportunity it had in IT. If Xerox commercializes PC technology and its rivals do not Xerox payoff is expected to be

Answers

If Xerox commercializes PC technology and its rivals do not Xerox payoff is expected to be $250m, whereas the competitorspayoff is $75m.

What is game theory?

This is the game strategy that involves two players where each of the players have to pick the most favorable choice based on the choice of the other person.

Here it would be best for Xerox to pick option B because this is where they would be able to get the most advantage.

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Complete question

Game theory can help us understand why Xerox did not successfully exploit the opportunity it had inIT. If both Xerox and competitors continue with old technology the payoff for XeroxSelect one:a.

is $150m, whereas the competitors’ payoff is $325m.

b. is $2

50m, whereas the competitors’ payoff is $75m.

c.

is $75m, whereas the competitors’ payoff is $250m.

d.

is $325m, whereas the competitors’ payoff is $150m.

#1 You are driving down the highway when one of your tires suddenly blows out. You should

Pump your brakes rapidly, and steer your vehicle to control any skids.

Avoid using your brakes. Slow down gradually and concentrate on steering.

Press hard on your brake pedal and stop as quickly as you can.

Answers

Avoid using your brakes. Slow down gradually and concentrate on steering

Advise businesses on the role of personal attitude in successful leadership

Answers

Personal attitude plays a crucial role in successful leadership. A positive attitude can inspire and motivate employees, while a negative attitude can lead to low morale and poor performance.

As a leader, it is important to maintain a positive attitude even during challenging times. This can help to build trust and respect from employees, and create a culture of positivity and resilience within the organization.

Leaders should also strive to maintain a growth mindset, which means being open to new ideas and constantly seeking opportunities for growth and improvement. This can help to foster a culture of innovation and continuous learning within the organization.

In summary, a leader's personal attitude can have a significant impact on the success of a business. By maintaining a positive attitude and growth mindset, leaders can inspire and motivate employees, build trust and respect, and create a culture of positivity and innovation.

The
management of a sugar manufacturing company sets aside a sum of $50,000 in its budget for the purchase of new
machinery that would double the production. In the given scenario, the management is in the process of planning the
of the company
operating budget
Ofinancial budget
Omarketing budget
Ostatic budget

Answers

Answer: operating budget

Explanation:

In the given scenario in the question, we can deduce that the management is in the process of planning the operating budget of the company.

The operating budget simply refers to the money that's needed by the company for it to run efficiently. It is made up of the manufacturing costs, sales budget, selling expenses, and the administrative expenses.

Estimated total manufacturing overhead costs $750,000
Actual total manufacturing overhead costs $ 765,000
Estimated machine hours 200,000 hours
Actual machine hours 198,000 hours
1. Using the information provided by Amilmar Inc., calculate the predetermined overhead rate. Amilmar has determined machine hours to be the appropriate cost driver to allocate overhead costs.
a. $3.79.
b. $1.02.
c. $3.75.
d. $3.86.
2. Amilmar Inc. has provided this information regarding its overhead costs. It has determined machine hours to be the appropriate cost driver to allocate overhead costs. What will be the total overhead costs applied during the year?
a. $750,000.
b. $765,000.
c. $742,500.
d. $772,727.

Answers

The predetermined overhead rate and Applied over costs are $3.75 per machine hour and $742,500

What is predetermined overhead rate?

A predetermined overhead rate is an allocation rate that is used to apply the estimated cost of manufacturing overhead to cost objects.

Predetermined overhead rate

= estimated total manufacturing overhead costs / estimated machine hours

= 750,000 / 200000

= $3.75 per machine hour

Applied overhead costs

= Actual machine hours * predetermined overhead rate

= 198,000 * 3.75

= $742,500

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what is an opportunity cost? how is this concept used in tvm analysis, and where is it shown on a time line? is a single number used in all situations? explain.

Answers

Opportunity cost is the price incurred while deciding on one choice over the best alternate. It symbolizes the worth of the chance passed up in favor of the one chosen.

Opportunity cost is utilized as the discount rate in Time Value of Money (TVM) analysis to determine the present value of future cash flows. This shows the opportunity cost of making an investment now as opposed to waiting to receive the cash flows. The opportunity cost can be represented on a timeline as the interest rate or discount rate used to determine present value.

No, not every case calls for the usage of a single number. The opportunity cost can change depending on a number of variables, including the state of the market, inflation, risk, and personal preferences.

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47. Indian economy is a mixed economy as it consists of both privately owned and
government owned business enterprises. Therefore, we can classify the Indian economy
into two sectors, viz, Private Sector and Public Sector. In a capitalistic economy, the
private sector is dominating, while in a socialistic economy, the public sector is
dominating. In a mixed economy, both the private sector and public sector go hand in
hand.
. In the light of the above paragraph explain Indian economy?

Answers

Yes, the Indian economy is a mixed economy which consists of two sectors viz, Private Sector and Public Sector.

What is the Indian economy?The economy of India is a mixed middle-income developing social market economy. It is the world's fifth-largest economy by nominal GDP and third-largest economy by purchasing power parity.The essential characteristics of developing economies are overpopulation, extreme poverty or below the poverty line, poor infrastructure, agriculture-based economies, slow pace of capital development, and low per capita income.The Indian economy is characterized by a low real per capita income rate, a high population growth rate, and a high degree of dependence on the primary industry. Covid 19 has had a negative impact on the Indian economy. The Covid pandemic has led to industry shutdowns and subsequent job losses.An economy is a system of interconnected production and consumption activities that ultimately determine the allocation of resources within a group. The production and consumption of goods and services as a whole meet the needs of the people who live and work there.

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What is the over time pay rate

Answers

Answer:

overtime pay rate is the amount of money you would make from working overtime. sokets say you made 80,000 dollers a year and you staryed 15 hours your overtime pay rate

Explanation:

Overtime hours are hours worked over 40 in a single work week.

Example:  At 45 hours for the week, Sasha worked five overtime hours in a week.

The asset that is most susceptible to employee fraud is.

Answers

The asset in a company that is typically susceptible to fraud by the employees is known as cash.

What is an asset?

An asset simply means the resource that is controlled or owned by a company.

The asset in a company that is typically susceptible to fraud by the employees is known as cash. It should be noted that an asset in a company is important as it can produce positive economic value.

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Documents of Trade

Fill in the blanks.

A customer sends a/an __________ to a trader asking for a/an __________ , which
gives details of the goods on offer. The customer then studies the __________and places a/an __________. When the goods are sent a/an __________ may be sent with them followed by the __________, which shows the amount owed.

Words: Letter of Enquiry; Quotation; Order; Delivery note; Invoice; Statement of Account; Receipt; Credit Note

Answers

Answer:

Here's ur answer

Explanation:

letter of enquiryQuotationreceiptorderdelivery notecredit note

Hope it's helpful.. if so mark me as brainlist n thank me also

Skill development training centre are operating under the ............... department.
a.Labour b. Agricultural c. Irrigation​

Answers

Answer:

A . Labour

Explanation:

labour department

The Faragher/Ellerth defense is a __________ created affirmative defense whereby an employer may avoid vicarious liability by proving that a system was in place that was intended to deter, prevent, report, and correct any harassment.

Answers

The Faragher/Ellerth defense system was created under the civil right acts of 1964 in other to defend claims made against the employer. Hence, the system was judicially created.

The Faragher/Ellerth system is intended to defend several workplace claims such as inhabitable or hostile work environment, sexual harassment, assault and so on.

The system allows the employer to prove that a system was already put in place in other to avoid or take care of all the aforementioned claims.

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american television viewers see an average of ______ commercials per week.

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American television viewers see an average of approximately 1,000 commercials per week.

American television has had a profound impact on popular culture and entertainment around the world. Since its inception in the early 20th century, television has been a powerful medium for storytelling, news reporting, and advertising, shaping the way people view themselves and the world around them. American television has produced many iconic shows, ranging from sitcoms and dramas to reality shows and game shows, that have become part of the cultural lexicon. The industry has also been subject to criticism for its portrayal of certain groups and issues, as well as its influence on consumer culture and commercialism. Despite these challenges, American television continues to be a major force in the media landscape, shaping the way people consume information and entertainment.

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Sample T-Shirt Company, INC. needs help with their profit loss statement for their fourth quarter which lasts between October 1st and December 31st. They have sold 14,320 t-shirts this quarter at $20 a shirt. These shirts cost $3 to make. Of all of the shirt orders, 80 percent are shipped to customers. The company offers free shipping, so they must pay an average of $4 in postage per shirt shipped. The company has three employees who each make $80,000 a year. The company has general liability insurance which costs $600 a year, with equal payments every month. The company rents out a small production space for $600 a month. Each month the company pays $300 for web advertising, $200 for print advertising and $500 for television advertising. The company pays 15 percent of their profit in taxes.

Answers

The preparation of the fourth quarter, October 1st to December 31st profit and loss statement for T-Shirt Company, INC., is as follows:

T-Shirt Company, INC.

Profit and Loss Statement

For the fourth quarter ended December 31

Sales revenue                        $286,400

Cost of goods sold                   (42,960)

Gross profit                            $243,440

Rental income                              1,800

Total income                         $245,240

Expenses:

Freight-out              $45,824

Salaries                     60,000

Insurance Expense        150

Advertising expense 2,950  (108,924)

Income before taxes             $136,316

Income tax rate (15%)              20,447

Net income                         $115,869

What is the profit and loss statement?

The profit and loss statement also known as the income statement is a periodic financial statement that summarizes the revenues, costs, and expenses for the specified period.

The statement is used to determine the profit or loss during the stated period.

Data and Calculations:

Number of shirts sold = 14,320

Selling price per t-shirt = $20

Sales revenue = $286,400 (14,320 x $20)

Product cost per t-shirt = $3

Cost of goods sold = $42,960 ($3 x 14,320)

Freight-out to customers = $45,824 ($4 x 14,320 x 80%)

Salaries Expense of employees for the quarter = $60,000 ($80,000 x 3 x 1/4)

General Liability Insurance Expense = $150 ($600/4)

Rental income for the quarter = $1,800 ($600 x 3)

Web = $900 ($300 x 3)

Print = $400 ($200 x 3)

Television = $1,500 ($500 x 3)

Advertising expense = $2,950

Income tax rate = 15%

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PLZ HELP ON TIMER CARRERS!!!!! 15 POINTS

The advantages of being an entrepreneur are _____.
a.
excitement, independence, and financial risk
b.
flexibility, independence, and salary potential
c.
short working hours, independence, and financial risk
d.
administration, short working hours, and excitement


Please select the best answer from the choices provided

Answers

Answer:

B.

Explanation:

It seems most reasonable.

How does free trade benefit businesses? For example, how does it encourage
investment?

Answers

Answer:

Liberating exchange decreases imported-input costs, consequently diminishing businesses creation costs and advancing financial development. Deregulation improves proficiency and advancement. The outcomes are higher wages, interest in such things as foundation, and a more unique economy that keeps on making new openings and openings.

What is not a criterion when evaluating financial service providers?
A. financial service provider's history
B. benefits or lack thereof
C. past and current employees
D. emerging technologies

Answers

That which is not a criterion when evaluating financial service providers is this: C. past and current employees.

What are the criteria for evaluating financial service providers?

To successfully evaluate the qualification of a financial service provider, the customer must be able to look at their present and past history. They should consider their ability to incorporate emerging technologies into their businesses.

It is not really the business of the consumer to dig out the past and current employees of the business. He should be interested in other relevant factors like the above.

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Sergio needs to reach his supervisor as soon as possible to make a decision about an important client who is threatening to take their business elsewhere if they do not get an immediate response. What is the MOST logical channel of communication for Sergio to use to contact his supervisor and why?

Answers

Answer: The most logical channel of communication for Sergio to use to contact his supervisor would be a phone call or an instant messaging service. This is because phone calls and instant messaging allow for immediate, real-time communication. Sergio needs to reach his supervisor as soon as possible to make a decision about an important client and these two channels of communication allow for the fastest and most direct form of communication. Email or text message may take longer for the supervisor to receive and respond to, which would not be ideal for Sergio's situation.

Explanation:

PLEASE HELP ME (ECONOMICS ASSIGNMENT)!!! ASAPPP

PLEASE HELP ME (ECONOMICS ASSIGNMENT)!!! ASAPPP

Answers

Answer:

1. Classical Economics

2. Keynesian Economics

3. Demand-Side Economics

4. Supply-Side Economics

Explanation:

Internships are usually paid.
True or False

Answers

Answer:

Depending on you're position. Can not be paid

Explanation:

Although Many Employee's do pay their interns, and some of there companies recognize the value in training for somebody became an after they finished college.

Vedantika Industries produces a wide variety of beauty products. Their range of skin polishing scrubs, shampoos, face washes and acne masks, and health drinks aids in promoting natural beauty is very promising and impressive. Since they were new in the market, they decided to sell their products through wholesalers. They appointed one wholesaler in each district and promised them that they will remain the exclusive dealers in that area. After few years, during one of the general meeting Sophia , newly appointed sales manager suggested that if they sell the product directly to retailers they will be able to offer competitive prices which will increase the sales turnover and eventually the profits. Sophia was directly supporting the elimination of whole sales.Do you agree with Sophia's suggestions? Give reasons in support of your answer.

Answers

Answer:

Currently, most companies are not only trying to eliminate wholesalers, they are also trying to eliminate retailers. Every level of the supply chain increases a product's price, and online retailing is making it more difficult to charge customers higher prices just because you are a local retailer. E.g. I even bought Coke online because they offered a great promotion that included free Christmas glasses.

If Vedantika wants to survive, they will need to first eliminate wholesalers and then eventually try to eliminate retailers (or at least minimize their number). The world has changed, for more than 50 years, Sears was king of retail. Now, they are barely surviving by selling real estate. It is just a matter of time before the vast majority of brick and mortar retailers close, they are dinosaurs trying to outlive extinction. The question should be, "How fast should Vedantika eliminate intermediaries?", not if they should eliminate them.  

The key to successful online retailing is offering a low price, and the only way to do it is by selling directly to your customers. It is reasonable to expect that groceries will still be sold at supermarkets or grocery stores, but makeup and other beauty products? Companies must adapt, and that is not something new. How many typewriters are sold nowadays? Soon, we might wonder how many PCs are sold.

A bond is actually a(n) _____. (Select all that apply.)


investment

short-term instrument

type of security

debt instrument

Answers

Investment but I’m not sure

A company reported a beginning retained earnings balance of $40,000. During the period, $6,625 of cash dividends were declared and paid. Expenses were $10,000 greater than net revenue for the period. What is the ending retained earnings reported on the balance sheet

Answers

The ending retained earnings reported on the balance sheet is $23,375. This means that after paying dividends and accounting for expenses, the company's retained earnings decreased by $16,625.

To find the ending retained earnings reported on the balance sheet, we need to use the formula:

Ending Retained Earnings = Beginning Retained Earnings + Net Income/Loss - Dividends

In this case, we know that the beginning retained earnings balance is $40,000 and $6,625 of cash dividends were declared and paid during the period. However, we need to calculate the net income/loss for the period by subtracting expenses from net revenue.

Net Income/Loss = Net Revenue - Expenses

Since expenses were $10,000 greater than net revenue, the net income/loss for the period is -$10,000.

Now we can plug in the numbers:

Ending Retained Earnings = $40,000 - $10,000 - $6,625
Ending Retained Earnings = $23,375

Therefore, the ending retained earnings reported on the balance sheet is $23,375. This means that after paying dividends and accounting for expenses, the company's retained earnings decreased by $16,625.

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drag the terms on the left to the appropriate blanks on the right to complete the sentences. resethelp 1. blank ecosystems include hydrothermal vent communities in the deep ocean bottom.target 1 of 6 2. rocky shorelines that are home to sea stars, mussels, crabs, and anemones and experience fluctuating water levels are blank ecosystems.target 2 of 6 3. blank ecosystems are being affected by the process of ocean acidification, which threatens their long-term existence.target 3 of 6 4. floating brown algae that provide food and shelter for a diversity of animals characterize blank ecosystems.target 4 of 6 5. blank ecosystems occur where fresh water from rivers mixes with saltier marine waters to produce a highly productive ecosystem with varying salinity levels.target 5 of 6 6. salt-tolerant grasses and shrubs dominate blank ecosystems, which occur on the coast at temperate latitudes.

Answers

Hydrothermal vent communities in the deep ocean bottom are blank ecosystems.

Rocky shorelines that are home to sea stars, mussels, crabs, and anemones and experience fluctuating water levels are blank ecosystems.

Coral reef ecosystems are being affected by the process of ocean acidification, which threatens their long-term existence.

Floating brown algae that provide food and shelter for a diversity of animals characterize kelp forest ecosystems.

Estuarine ecosystems occur where fresh water from rivers mixes with saltier marine waters to produce a highly productive ecosystem with varying salinity levels.

Salt-tolerant grasses and shrubs dominate coastal desert ecosystems, which occur on the coast at temperate latitudes.

Ecosystems are a collection of living and nonliving things that interact with each other in a specific environment. Different ecosystems have different characteristics based on their location, climate, and species. Some ecosystems mentioned in the sentences are blank, meaning they require the answer to be filled in the blank.

For example, hydrothermal vent communities in the deep ocean bottom are blank ecosystems. These types of ecosystems are located near volcanic activity on the ocean floor and are characterized by high temperatures, high pressure, and a lack of sunlight.

Each sentence describes a different type of ecosystem and its unique characteristics.

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Two alternatives are being considered for the improvement of an air conditioning system along with the option of not undertaking the improvement. The capital cost for both options as well as their annual cash inflows and outflows are given in the table below, and both alternatives have a salvage value - also known as scrap value - of 25% of their original value after 5 years. The interest is 5%. Initial investment occurs at the beginning of year 1 , and all other cash inflows and outflows occur at the year-end. Cost/benefit item option A Option B
Initial capital cost ($) 10,300 20,000
Annual cash inflows/savings ($/year) 7,100 10,700
Annual cash outflows/expenses ($/year) 5,400 6,500
Determine the feasibility of the three options - A, B, and 'do-nothing' - and rank them accordingly.

Answers

We must compute the net present value (NPV) of each of the three options (A, B, and "do-nothing") in order to rank them and establish their viability. The NPV considers the time value of money and aids in determining an investment's profitability.

Analyzing the options for the air conditioning system

We have two options (Option A and Option B) for enhancing an air conditioning system based on the facts provided, as well as the option of doing nothing. Each option's initial capital costs, annual cash inflows/savings, and annual cash outflows/expenses are broken down in the table. Additionally, after five years, the salvage value of both options is 25 percent of their original worth. It has a 5% interest rate.

We must compute the net present value (NPV) of each option in order to rank them and establish their viability. The time value of money is considered by NPV, which aids in determining profitability.

Please, it is impossible to determine the precise NPV and rank the options accurately without explicit figures for the cash inflows and outflows. The most practical choice will be determined by comparing the NPV numbers. Positive NPV for the do-nothing option suggests that not making any improvements may be more practical.

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What are customer needs?

Answers

Answer:

A customer need is a need that motivates a customer to purchase a product or service. 

all of the following items would need to be included in the bond's indenture agreement except the coupon rate the call feature the credit rating Steps that the bondholder can take in the event that the issuer fails to pay the interest or principal

Answers

The credit rating is not included in a bond’s indenture agreement .The correct answer is Option A.

A bond's indenture agreement is a legally binding contract between the issuer (the entity borrowing money) and the bondholders (investors lending money). It outlines the terms and conditions of the bond, including the rights and obligations of both parties. While the indenture agreement covers various aspects of the bond, such as the call feature, coupon rate, and steps in case of default, the credit rating is not typically included in the indenture agreement.

The credit rating of a bond is an evaluation of its creditworthiness, indicating the likelihood of the issuer defaulting on its debt obligations. Credit rating agencies independently assign these ratings based on their analysis of the issuer's financial health, economic conditions, and other relevant factors.

The credit rating is not a contractual term or provision but rather an assessment provided by external agencies.

However, it's important to note that the credit rating may be mentioned in the offering documents or prospectus associated with the bond issuance, which provide potential investors with detailed information about the bond.

These documents may include information on the credit rating assigned to the bond by relevant agencies, but it is not a part of the indenture agreement itself.

In summary, while the indenture agreement includes crucial terms and provisions related to the bond's features and default scenarios, it does not typically include the credit rating assigned by external agencies.

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The probable question may be:

5. All of the following items would need to be included in a bond’s indenture agreement EXCEPT:

Group of answer choices

A. The credit rating

B. The call feature

C. The coupon rate

D. Steps that the bondholder can take in the event that the issuer fails to pay the interest or principal

Laser grid a player stands on a cell within a grid. The player can move to one of four adjacent cells, but the motion is constrained by lasers

Answers

In a Laser grid game, a player is located within a grid composed of cells. Each cell in the grid may contain a laser emitter, which emits a beam of light across the cell.

What is Laser grid game about?

The player can move to one of four adjacent cells in the grid, but their motion is constrained by the lasers. If the player intersects a laser beam, they lose the game. The objective of the game is to navigate the player through the grid to a specific destination cell without intersecting any laser beams.

To successfully navigate the laser grid, the player must use logic and spatial reasoning to determine the safe path through the grid. The player must observe the direction and placement of the laser beams to avoid intersecting them. The player may need to backtrack or take a circuitous path to reach the destination cell safely.

Laser grid games can be played on physical grids, such as those made of mirrors and laser pointers, or on virtual grids, such as those found in computer games or puzzles. These games can be both entertaining and educational, as they require the player to think critically and develop problem-solving skills.

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checking the purchase order upon delivery of products to a warehouse ensures that
a. the order was actually made in the quality is correct
b. The items were purchased at the lowest possible price
c. The items work as advertised
d. there will be enough storage space to house the items​

Answers

Answer:

i believe it is a.

Explanation:

im not sure but this sounds the most reasonable

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