The slope of a demand curve is not used to measure the price elasticity of demand because.

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Answer 1

The correct option is C.

The measurement of slope is sensitive to the units chosen for price and quantity.

What Is Meant by Elasticity in Economics?

The term "elasticity" refers to a measurement of how responsively a quantity that is required or supplied is to one of its determinants. When a factor, like as price or supply, changes, the demand for a good responds quickly. Conversely, items that are inelastic maintain their demand even when prices increase significantly.

How do we measure elasticity?

The calculation for this indicator, also known as cross-price elasticity of demand, involves dividing the percentage change in the amount demanded of one good by the percentage change in its price.

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I understand that the question you are looking for is:

The slope of a demand curve is not used to measure the price elasticity of demand because

A) the slope of a linear demand curve is not constant.

B) the slope of a line cannot have a negative value.

C) the measurement of slope is sensitive to the units chosen for price and quantity.

D) the slope of the demand curve does not tell us how much quantity changes as price changes.


Related Questions

What are the approaches that can be utilized when strategizing for competitive advantage?

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The approaches that can be utilized when strategizing for competitive advantage are, strategic planning, scenario planning, and strategy as planned emergence.

Competitive advantage refers to the ways in which a company can produce goods or deliver services better than its competitors. Thus, it allows a company to achieve superior margins and generate value for the company and its shareholders.

While strategizing for competitive advantage, the approaches that can be utilized are, strategic planning, scenario planning, and strategy as planned emergence.

Hence, corporate strategy should be planned so that resources are used most efficiently to convert distinctive competencies into competitive advantage.

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Which communication concept recognizes that one person is a member of various co-cultures?

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The  communication concept that  recognizes that one person is a member of various co-cultures is Intersectionality communication.

What is Intersectionality communication.?

Intersectionality  can be regarded as the  framework  that is been used in  conceptualizing a person, group of people,  which can be attributed to dept. of discriminations and disadvantages.

It involves the  people's overlapping identities as well as  experiences in order to understand the complexity of prejudices  in the society.

in this case, The  communication concept that  recognizes that one person is a member of various co-cultures is Intersectionality communication.

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An interest-bearing note is a loan in which the lender deducts interest from the amount loaned before the money is advanced to the borrower. True False

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An interest-bearing note is a loan in which the lender deducts interest from the amount loaned before the money is advanced to the borrower. The given statement is false.

What do you mean by borrower?

A person or business that borrows, especially from a bank, anything: New debtors are being encouraged by banks. From the time the loan is disbursed until it is fully repaid, the borrower is charged interest.

A person or organization that uses someone else's money for a variety of purposes. The borrower spends the funds for the allotted time period and then returns them to the lender at the end of it. A charge known as interest will be made for the use of these funds.

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Group buying platforms constitute one category of mobile marketing. a. true b. false

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Group shopping for platforms constitutes one class of cell marketing. a) true

Cellular marketing is a multi-channel, digital advertising approach aimed toward achieving a target market through smartphones, pills, and other mobile devices, through websites, e-mail, SMS and MMS, social media, and apps.

Cell social media advertising is a method of advertising and marketing thru social media on cell gadgets. it's miles researched that nearly seventy one% of users get entry to social media on mobile devices.

Cell advertising and marketing is a shape of multi-channel virtual advertising aimed at connecting with consumers through their mobile gadgets, like smartphones and pills. important channels consist of SMS, MMS, email, social media, content advertising, cellular responsive websites, apps, and push notifications.

Mobile advertising is advertisements that appear on cell telephones, pills, and other mobile gadgets. cell advertising ad has various codecs, styles, and customization. It relies upon at the number of internet site, social media platform,s and mobile apps that offer a completely unique and customizable cellular advert option.

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Answer: False

Explanation:

Companies like my​ gym, which seek to do business in new markets for manufacturing​ and/or marketing​ purposes, have many potential​ ________ at their disposal.

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The Right response is Option D i.e Entry Modes.

The local business climate and a company's core competencies are only two of the numerous considerations when deciding how to enter a new market abroad. The institutional setup via which a business introduces its goods, technology, workforce, or other resources into a market is known as an entry method.

What is the meaning of entry mode?Entry mode is: “a structural agreement that allows a firm its product market strategy in a host country either by carrying out only the marketing operations, or both production and marketing operations there by itself or in partnership with others”

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Correct Question - Companies like My​ Gym, which seek to do business in new markets for manufacturing​ and/or marketing​ purposes, have many potential​ ________ at their disposal.

A. buybacks

B. bills of exchange

C. offsets

D. entry modes

E. management contracts

The ________ is management’s minimum desired rate of return on a capital investment.

Answers

The discount rate is management's minimum desired rate of return on capital investment.

Discount rate. "management's minimum preferred rate of return on an investment'' is greatly described by using the following terms authentic. Internet gift price and the internal rate of return are examples of discounted cash waft fashions utilized in capital budgeting decisions. NPV will continually decrease.

When evaluating capital funding initiatives, if the inner fee of going back is much less than the required rate of return, the undertaking can be commonplace. Whilst selecting a capital investment task from three options, the undertaking with the best internet present cost will constantly be optimal.

The payback method commonly specializes in profitability and no longer time. One advantage of the internal rate of return is that it considers the time price of money. One drawback of the payback method is that it no longer considers the time value of money.

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If a community has a public vegetable garden at the city park with a take-as-you-wish policy, the veggies would be considered:______.

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If a community has a public vegetable garden at the city park with a take-as-you-wish policy, the veggies would be considered free goods.

What do you mean by vegetable garden?

In contrast to a flower garden, which is there for aesthetic reasons, a vegetable garden is there to grow vegetables and other plants that may be consumed by humans. It is also referred to as a vegetable patch or vegetable plot.

You can consume more fresh fruits and veggies thanks to it. You control the kind of pesticides and fertilizers that reach your food. You have the ability to decide when to gather your food. In comparison to some store-bought veggies that need to be picked early, vegetables that ripen in the garden have more nutrients.

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In many professional sports leagues, one team is not allowed simply to purchase a player from another team, so they have to trade which requires?

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In many professional sports leagues, one team is not allowed simply to purchase a player from another team, so they have to trade which requires a double coincidence of wants. The coincidence of wants, also known as the double coincidence of wants.

It is a phenomenon in which two parties, each of whom is in possession of an object that the other desires, directly swap these items without the need of money. This has frequently been cited in economics as the basis of a trade in economy. However, professional research has not proven that this barter model actually operates in the real world.

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Von told the sales rep he wasn't buying his product because it cost too much. in terms of the personal selling process this is called a(n):__________

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The sales rep he wasn't buying his product because it cost too much. in terms of the personal selling process this is called a reservation.

The sale force and sell the products and services by using meeting the consumer face – to – face. The salesmen aim to tell and encourage the consumer to buy, or at the least attempt the product.

.

Non-public selling is the handiest marketing communication device as it permits salespeople to adapt their presentation to every capability or modern-day customer.

They use their understanding of the customer's shopping for methods to choose powerful sales techniques. approach or income presentation, therefore. considering its miles an interactive form of promoting, it enables construct accept as true by the consumer.

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Companies like my​ gym, which seek to do business in new markets for manufacturing​ and/or marketing​ purposes, have many potential​ ________ at their disposal.

Answers

Companies like my​ gym, which seek to do business in new markets for manufacturing​ and/or marketing​ purposes, have many potential​ Entry modes at their disposal.

What is marketing​ ?

Marketing is the process of discovering, developing, and delivering value in the form of goods and services to fulfill the needs of a target market; it may also include the selection of a target audience.

Brand marketing is a method of promoting your product or service by promoting your entire brand. Essentially, it conveys the tale of your service or product by stressing your entire brand.

Distribution, finance, market research, pricing, product and service management, promotion, and selling are the seven functions of marketing in the marketing sector.

Properly studied and targeted marketing will bring in new and recurring customers.

Current and previous consumers' feedback might help identify areas for development.

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A firm with market power has an individual consumer demand of q = 20 − 4p and costs of c = 4q. what is the optimal price to charge for a block of 4 units?

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$4, is the optimal price to charge for a block of 4 units.

Market power is the ability of a firm to influence supply, demand, or both in order to change the price of a product in the marketplace.

A corporation with significant market power has the power to control its profit margin by manipulating the market price. It may also be able to raise barriers for potential new entries into the market.

Because they may set or change the retail price of an item without giving up market share, companies with market power are frequently referred to as "price makers."

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When a company uses the allowance method of accounting for uncollectible receivables, the entry to reinstate a previously written off account would include a:______.

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When a company uses the allowance method of accounting for uncollectible receivables, the entry to reinstate a previously written off account would include a debit to Accounts Receivable.

Accounts receivable refers to unpaid invoices that a company has or money that customers owe the company. The term refers to an account that a company is entitled to receive for providing products or services. Accounts Receivable or Accounts Receivable represents a line of credit extended by a company, usually with terms that require payment in a relatively short period of time. It typically ranges from a few days to a fiscal or calendar year.

An entity recognizes a trade receivable as an asset on its balance sheet because the customer has a legal obligation to settle the obligation. Also, accounts receivable is a current asset, meaning that the account balance will be paid to the debtor within one year.

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You can earn 8 percent interest, compounded annually. how much must you deposit today to withdraw $10,000 in 6 years?
a. $5,402. 69
b. $6,301. 70
c. $6,756. 76
d. $8,432. 10
e. $9,259. 26

Answers

The answer is $6,301.70

Given in question

Future account balance = $10,000

N = 6

I = 8%

Estimate the required initial deposit to obtain the amount of $10,000 in 6 years:

Initial Deposit= Balance/ (1+n)n

Initial Deposit= $10,000/(1+8%)6

Initial Deposit= $6,301.70

Compound interest is interest calculated on a loan or deposit based on both the initial principal and the accumulated interest from previous periods. Compound interest, which is thought to have originated in 17th-century Italy, can be defined as "interest on interest." It will accelerate the growth of a sum faster than simple interest, which is calculated solely on the principal amount.

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If the price of pepsi decreases, other factors constant, then we'd expect to see a consequent shift of the demand curve for:______.

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If the price of Pepsi decreases, other factors constant, then we'd expect to see a consequent shift of the demand curve for Coke to the left.

The relationship between the cost of an item or service and the quantity demanded over a specific time period is represented graphically by the demand curve. The price and quantity demanded are often represented with the price on the left vertical axis and the horizontal axis, respectively.

Demand curves can be divided into four categories:

elastic, inelastic,individual, and market curves.

When firms decide on prices, the demand curve can be a crucial instrument. This is so that the demand curve can display both the price at which consumer response declines and the price at which the greatest demand is elicited.

According to the demand curve, there is an inversely proportional relationship between a commodity's price and demand, causing the demand curve to normally slope downward. The impacts of all variables affecting demand outside price are represented by the constant a.

Many variables affect how the demand curve shifts. The shift, for instance, takes place when the demand curve shifts to the right or left. There are several elements that influence the shift:

The merchandise gains acceptance.The price of things has increased.The cost of the additional goods and services rises.The incomes produced are increasing.

The supply and demand curve subsequently shifts as a result of all the aforementioned causes.

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The concept of private ownership of property and a relatively open market for goods, services, and investments is known as:_______

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The concept of private ownership of property and a relatively open market for goods, services, and investments is known as capitalism.

Property is anything to which a person or entity has a legal right. A property can be a tangible item, such as a house, car, or appliance, or an intangible item that promises future value, such as a stock or bond.

property generally falls into two categories he of tangible property and intangible property. Physical properties are visible, tangible, and non-physical properties. Furthermore, tangible ownership is ownership over material things, and intangible ownership is intangible rights over things.

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A ________ rate means the value of the currency is fixed relative to a reference currency and then the exchange rate between that currency and other currencies is determined by the reference currency exchange rate.

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Answer:

it'll be the currency rate

4. summarize harley-davidson motorcycle division’s marketing mix. are all of the elements consistent with the overall marketing strategy?

Answers

Harley Davidson is looked at as the most successful company in the motorcycle market. As it is the company is a brand worldwide and does not need any introduction or extra efforts to pull the customers towards their products. However, the company tries to maintain its marketing mix to promote and strengthen its brand. The marketing mix (4P’s) used by Harley Davidson are as follows;

Product: Harley Davidson deals in a limited number of products which are; motorcycles, engines, parts & accessories, and customized merchandise.Place: Harley Davidson has Authorized Dealers, rental dealers, and an online store for selling motorcycles and renting them.Promotion: The promotion of Harley Davidson motorcycles have the following strategies i.e. personal selling, advertisements, offers, etc.Pricing: The pricing of the motorcycles is generally more expensive than other bikes and they price their motorcycles based on the quality they supply and do not rely on competitive pricing.

The correct spelling for this word is worldwide. It functions as both an adjective and an adverb, meaning "to extend or reach the whole world." Worldwide is a closed compound word. H. There is no space or hyphen between "world" and "wide".

Relating to or including the entire globe. World wide. The definition of global refers to the whole or inclusive world as a whole. A global example is the state of the air on Earth. A global example is a project in which all schools in the state participate.

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As the time frame shifts from the short run to the long run, what happens to producers who are subject to a binding price floor?

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As time frame shifts from short run to long run, producers are increasingly willing to substitute away from producing the good, and supply curve becomes more elastic. An fixed lower limit on a commodity's market price is known as a price floor.

In order to prevent a commodity's market price from falling too low and endangering the producers' ability to make a living, governments typically create a price floor. A price floor that exceeds the equilibrium market price is a binding price floor. If the higher price offsets the lesser quantity sold, producers benefit more from the bound price floor.

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What term describes all business processes associated with providing a product or service? the supply chain the product chain the value chain the manufacturing chain

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The value chain describes all business processes associated with providing a product or service.

What Is a Value Chain?

A value chain is a business model that describes the full range of activities needed to create a product or service. For companies that produce goods, a value chain comprises the steps that involve bringing a product from conception to distribution, and everything in between—such as procuring raw materials, manufacturing functions, and marketing activities.

A company conducts a value-chain analysis by evaluating the detailed procedures involved in each step of its business. The purpose of a value-chain analysis is to increase production efficiency so that a company can deliver maximum value for the least possible cost.

Therefore, we can conclude that the correct option is C.

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Describe the three steps in qualitative data analysis and explain how and why these steps are iterative.

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Data reduction, data display construction, and conclusion-drawing and verification are the steps in qualitative data analysis.

What is qualitative data analysis?

Utilizing computational and statistical techniques, quantitative data analysis focuses on the analytical, mathematical, or numerical study of datasets.

There are three processes and qualitative data analysis after data collecting.Instead of going through each stage one at a time, researchers alternate between them repeatedly.

The three steps in qualitative data analysis are-

Data reduction, building data displays, and coming to/verifying

The reason if iteration of the qualitative data analysis are-

The procedures of categorization, coding, theory creation and iteration, as well as negative case analysis, all work together to reduce the amount of data.The process of categorizing involves coding and labeling portions of the transcript or photographs.The categories can then be incorporated into a theory using iterative data analysis.The second step involves data displays.In tables or figures, data is presented as pictures of findings to make it easier to understand and communicate the information.After an exhaustive iterative procedure, researchers can make judgment calls and confirm their results.Researchers try to prove the validity of their data analysis at the verification/conclusion drawing stage.

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________ appeals help consumers make purchase decisions by offering factual information that encourages consumers to evaluate the brand favorably on the basis of the key benefits it provides.

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Informational Appeals help consumers make purchase decisions by offering factual information that encourages consumers to evaluate the brand favorably on the basis of the key benefits it provides.

What is Informational Appeals ?

It allows you to showcase the product's qualities and the benefits that a buyer will gain when using the goods. It is an effective method of persuading them that your product is something they truly require and can use. Con: Informative advertisements can be boring.

Aristotle proposed three types of argumentation arguments: logical, ethical, and emotional appeals.

Ebooks, "How-to" videos, blogs, and brochures are all examples of informational marketing because they provide a detailed description of a service or product and what makes it unique in the business.

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Failure by a promissory notes maker to pay the amount due at maturity is known as_________.

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Failure by a promissory notes maker to pay the amount due at maturity is known as Dishonoring a note.

A dishonored note is a that  promissory note which has not been paid by a debtor in a given  reasonable amount of time.  It causes the creditor to write off the recorded revenue as a  bad debt.

With the help of promissory note, a buyer  can make a short-term commitment to pay any supplier for merchandise within the stated time period and  also at a certain interest rate.

In order to properly record a dishonored note in the financial journal of the organization one must first decide whether he is  expecting to  collect payment eventually or not.

A bill is  always considered as dishonored either by non-acceptance or by non-payment of the bill.

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Which of the processes can initiate the collapse of an interstellar cloud and trigger the formation of stars?

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The collision of the interstellar cloud with another cloud is the natural processes that can initiate the collapse of an interstellar cloud and trigger the formation of stars.

What is an interstellar cloud collapse?

In nature, when the interstellar cloud collapses into many fragments, it is necessary to consider the processes inside one of the individual cloud fragments as it continues to develop into a star.

Majority of those fragments are about two solar masses but can be about 100 times the size of the Earth's present solar system.

Hence, the collision of the interstellar cloud with another cloud is the natural processes that can initiate the collapse of an interstellar cloud and trigger the formation of stars.

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When a corporation issues stock to the general public for the first time, it is known as a(n):__.

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When a corporation issues stock to the general public for the first time, it is known as a(n) initial public offering.

What is the purpose of an initial public offering (IPO)?

When shares of a private company are initially made available to the public as part of new stock issuance, it's known as an initial public offering (IPO). Through an IPO, a business can raise equity funding from the general public.

What is a disadvantage of an IPO?

An IPO has many drawbacks, one of which is that founders may lose ownership of their business. While there are ways to guarantee founders retain the lion's share of the firm's decision-making authority, once a company goes public, the leadership must satisfy the general public even though other shareholders do not have voting rights.

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The entry to record a sale to a credit customer on which sales tax was charged includes:______.

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The sales tax journal entry debits the accounts receivable or cash account for the total amount of the invoice or cash received, credits the sales account, and credits the sales tax payable account for the amount of sales taxes invoiced.

Sales tax is a tax levied by the businesses on customers when they buy the products and the services. The sales tax is then paid to the state or the local government within the certain time frame. This is why it is referred to as the  pass-through tax.

One will debit the Sales Tax Payable account and credit Cash after the sales taxes have been remitted.

If a company purchases things from its suppliers and pays sales tax on them, the sales tax is charged to expenditure in the current quarter, together with the cost of the items purchased.

As a result, the sales tax journal entry debits accounts receivable or cash for the whole amount of the invoice or cash received, credits the sales account, and credits the sales tax payable account for the amount of the sales taxes invoiced.

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Motorcycle Manufacturers, Inc., projected sales of 53,300 machines for the year. The estimated January 1 inventory is 6,160 units, and the desired December 31 inventory is 7,270 units. The budgeted production for the year is

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The expected January 1 stock is 6, hundred and sixty units, and the favored December 31 stock is 7,270 gadgets. The budgeted production for the year is 59,765.

The manufacturing budget calculates the wide variety of units of merchandise that need to be synthetic and comes from a combination of the sales forecast and the planned quantity of finished items stock to have on hand (generally as protection stock to cowl for sudden will increase in demand). production finances = Budgeted sales units – commencing inventory of finished goods + closing stock of completed true.

It compares the real overhead charges in step with a unit that had been carried out to the anticipated or budgeted value in line with the item. The formula for production volume variance is as follows: production volume variance = (actual units produced - budgeted manufacturing units) x budgeted overhead price in step with the unit.

There are particularly 3 types of components of the production finances, which include the Direct material budget, the Direct hard work price range, and the overhead price.

Manufacturing is the manner of creating or manufacturing goods and products from raw substances or components. In different phrases, production takes inputs and makes use of them to create an output that's fit for intake – an amazing product that has cost to a stop-person or customer. price of manufacturing or value charge or production prices can be calculated by including all direct and indirect fees of a manufacturing unit. right here is the system for calculating the price of manufacturing. the overall fee of manufacturing= cost of exertions cost of raw materials ie Overhead charges on production.

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When the Federal Reserve wants to buy or sell U.S. Treasury bonds, the Fed makes these transactions with the:

Answers

When the Federal Reserve wants to buy or sell U.S. Treasury bonds, the Fed makes these transactions with the General public.

The U.S. imperative banking device—the Federal Reserve, or the Fed—is the most effective economic organization in the u.s.a., possibly the arena. Its core obligations encompass setting interest rates, handling the money deliver and regulating economic markets.

The Federal Reserve machine is a significant banking gadget in us. It became created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of monetary panics led to the desire for valuable control of the monetary device as a way to alleviate financial crises.

The Federal Reserve gadget is not "owned" by way of all people. The Federal Reserve turned into created in 1913 via the Federal Reserve Act to serve as the country's critical bank. The Board of Governors in Washington, D.C., is an organization of the federal government and reports to and is at once accountable to Congress.

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More volatility in returns produces ______ difference between the arithmetic and geometric averages.

Answers

More volatility in returns produces a large difference between the arithmetic averages and geometric averages.

When to use Arithmetic averages?

When working with independent data, such as the performance of many stocks or investments over a specific time period (otherwise geometric average may be better).when the data set's components are all equally significant (otherwise use weighted average).when you want simple, rapid, and approximate information regarding the general level. The simplest average to compute is the arithmetic averages.while a computer is not nearby. In comparison to geometric, harmonic, or weighted average, arithmetic averages is more simpler to compute mentally or on paper.

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The ________, the difference between the interest rate on baa corporate bonds and u. s. treasury bonds. rose sharply during the great depression

Answers

The credit spread, the difference between the interest rate on baa corporate bonds and u. s. treasury bonds. rose sharply during the great depression.

The yield difference between a U.S. Treasury bond and another debt security with the same maturity but a different credit rating is known as a credit spread. spreads on credit between the U.S.

A credit spread is another name for an options strategy in which, on the same underlying security, a high premium option is written and a low premium option is purchased. As a result, the account of the individual performing the two trades receives credit.

Without the banks, which supported the 1920s credit boom, the uncontrolled speculation that caused the 1929 crash and the Great Depression that followed could not have occurred. To sustain continuous production increase, new enterprises that produce things like autos, radios, and refrigerators borrowed money.

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If the aircraft turns to the heading indicated by the heading marker, it will?

Answers

So apparently for this question there should be two illustrations.
According to the first illustration the answer is “intercept the 180 radial after station passage”
For the second illustration the answer is “not intercept the 360 radial”
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