Write the potential problem area in foreign procurement?

Tim's producer surplus is $10 when he would be willing to mow one lawn for $13, a second lawn for $18 , and a third lawn for $21 .

Producer surplus is the difference between the price at which a producer is willing to sell a good and the actual price they receive for it. In this case, Tim is willing to mow one lawn for $13, a second lawn for $18, and a third lawn for $21. However, he can sell all three lawns for $21 each, which means he is receiving more than he originally expected for the third lawn.  To calculate the producer surplus, we need to find the difference between what Tim is willing to sell the third lawn for ($21) and what he actually receives for it ($21).
$21 - $11 = $10
Therefore, Tim's producer surplus is $10.

Learn more about producer :
https://brainly.com/question/28862141

#SPJ11

If you encounter a question on social media channels to which you don't have an answer, it's important to respond promptly and acknowledge the inquiry.

The best way to handle the situation is to be honest and transparent. Let the person know that you don't have the answer but that you will look into it and get back to them as soon as possible. This shows that you value their question and are committed to providing them with accurate information.

It's also helpful to provide them with additional resources or contacts if you are unable to find the answer yourself. Above all, always maintain a polite and professional tone in your response.

To know more about social media,refer to the link:

https://brainly.com/question/30326484#

#SPJ11

The net profit of the business is $3,220. To calculate the net profit of a business, you need to subtract its operating expenses from its gross profit.

In this case, the business has a gross profit of $14,720 and operating costs of $11,500. To find the net profit, you simply subtract the operating costs from the gross profit:
Net Profit = Gross Profit - Operating Costs
Net Profit = $14,720 - $11,500
Net Profit = $3,220

Therefore, the net profit  is $3,220. This means that after all of the expenses have been paid, the business has made a profit of $3,220. It is important to calculate the net profit of a business regularly as it allows you to assess the financial health of the business and make informed decisions about its future. A positive net profit means the business is profitable, while a negative net profit means the business is operating at a loss.

To know more about  net profit  click here

brainly.com/question/30679132

#SPJ11

The buying behavior involved in automobile purchasing can be classified as a high-involvement, complex buying behavior, with a significant emotional component.

The buying decision process framework is a model that helps understand the steps consumers go through when making a purchase decision. The model includes five stages: problem recognition, information search, evaluation of alternatives, purchase decision, and post-purchase evaluation. When applying this framework to the case of automobile purchasing, it can be classified as a high-involvement buying behavior. The purchase of an automobile typically requires a significant financial investment and is often considered a long-term commitment. Consumers may spend a considerable amount of time researching and evaluating different models before making a purchase decision. They may also seek recommendations from friends and family, read online reviews, and compare prices and features before making a final decision. Given the high level of involvement required in the decision-making process, automobile purchasing is often classified as a complex buying behavior. Consumers may also have a high level of emotional involvement in the purchase, as the car they choose may reflect their personal style and status.

Learn more about automobile here

https://brainly.com/question/25749312

#SPJ11

To increase real GDP by $100 with minimal impact on the budget balance, economic policy makers should consider increasing government purchases of goods and services.

This approach has a direct effect on aggregate demand, leading to a rise in real GDP. In comparison, increasing transfer payments or decreasing taxes would have less direct and less predictable effects on real GDP, as they rely on individual decisions regarding consumption and saving.

In order to increase real GDP by $100 with as little impact on the budget balance as possible, economic policy makers should increase government purchases of goods and services. This is because an increase in government purchases will directly contribute to GDP, without impacting the budget balance as much as an increase in transfer payments or a decrease in taxes would. Transfer payments are direct payments made by the government to individuals, and increasing them would lead to an increase in government spending and a decrease in the budget balance. Similarly, decreasing taxes would lead to a decrease in government revenue and a decrease in the budget balance. Therefore, increasing government purchases is the most effective way to increase real GDP while minimizing the impact on the budget balance.

Learn more about real GDP here: brainly.com/question/30737857

#SPJ11

b)If MC is decreasing, regardless of its value, AVC must be decreasing because MC intersects AVC at its minimum point.


Average Variable Cost (AVC) is the total variable cost divided by the quantity of output produced. In other words, it represents the average cost of producing one unit of output. Marginal Cost (MC) is the additional cost incurred by producing one more unit of output. In the short run, a firm can vary its output by adjusting the usage of variable inputs, such as labor and raw materials, while the fixed inputs, such as machinery and equipment, remain constant.When the marginal cost of production is decreasing, it means that the additional cost of producing one more unit of output is decreasing. This also means that the average variable cost of production must be decreasing as well because MC intersects AVC at its minimum point. As long as MC is below AVC, AVC will be decreasing. Once MC is above AVC, AVC will start increasing.

Learn more about Average variable cost here:

https://brainly.com/question/29306232

#SPJ11

The scenario's contract conditions are an example of a marketing contract with a formula pricing.

Hormel Foods Corporation agrees to pay for the contracted pigs is decided by a formula based on the average of the top two daily 10:00am delivered carcass hog prices each week, which is referred to as the "contract base price."

Additionally, the final amount to be paid to the seller will be adjusted according to Hormel Foods' carcass merit buying program, which is a system used to measure the quality of the hogs. This means that the price paid to the seller will be based on a combination of the market price and the quality of the hogs delivered.

Overall, this contract type provides a degree of certainty for the seller, as the formula for determining the price is clearly defined, but also allows for flexibility to adjust the price based on market and quality factors.

Therefore, Hormel Foods Corporation will be having a marketing contract with formula price.

Learn more about Contracts:

https://brainly.com/question/27899951

#SPJ4

The cultural values have implications for doing business in each country, and it is important to understand and respect these differences to achieve success in international business.

Global Mindset is an important factor in achieving success in international business. It refers to an individual's ability to think and act globally, understanding and appreciating cultural differences, and being able to adapt to new and unfamiliar environments. Having a Global Mindset can help individuals to communicate effectively with people from different cultural backgrounds, navigate cultural nuances, and develop relationships that lead to successful business outcomes.

For example, consider a company based in the United States that wants to expand its operations to China. The company's leadership team may need to develop a Global Mindset by studying Chinese culture, language, and business practices. They may also need to hire local staff who can help bridge the cultural gap and facilitate communication with Chinese clients and partners. By doing so, the company can establish a strong presence in the Chinese market and build long-lasting relationships with local stakeholders.

Here are three countries from Hofstede's Country Comparison research, along with a brief description of their cultural values and implications for doing business:

a) Japan - Japan is known for its collectivist culture, which places a high value on harmony, loyalty, and respect for authority. Japanese people tend to prioritize group goals over individual ones and may be less likely to challenge authority or express their opinions openly. In a business context, it is important to establish strong relationships with Japanese clients or partners and to show respect for their customs and traditions. It may also be necessary to navigate complex hierarchies and decision-making processes.

b) Brazil - Brazil is a country with high power distance, which means that there is a significant gap between those in positions of power and those who are not. Brazilian culture also values personal relationships and a relaxed approach to time management. Doing business in Brazil may require building strong personal relationships with local stakeholders, respecting cultural differences, and being flexible with scheduling and deadlines.

c) United States - The United States is a country with a relatively low power distance, where individuals tend to value independence, individualism, and achievement. American culture also places a high value on direct communication and a focus on results. Doing business in the United States may require being concise and direct in communication, demonstrating a results-oriented mindset, and being open to taking risks and trying new things.

To visualize these cultural values, we can use Hofstede's cultural dimensions framework, which assigns a score from 0 to 100 to each country based on six cultural dimensions. These dimensions include power distance, individualism, masculinity/femininity, uncertainty avoidance, long-term orientation, and indulgence/restraint.

For example, Japan scores high on power distance (54) and collectivism (46), while scoring low on individualism (46). Brazil scores high on power distance (69) and indulgence (44), while scoring low on uncertainty avoidance (49). The United States scores low on power distance (40) and collectivism (91), while scoring high on individualism (91) and indulgence (68).

Learn more about implications

brainly.com/question/28543176

#SPJ11

Norway has a mixed economy, which means it is a combination of a free-market economy and a welfare state. The government plays a significant role in regulating and supporting the economy, particularly in areas such as healthcare, education, and social welfare.

However, businesses are still allowed to operate independently and make their own decisions, and there is a high level of economic freedom. This system has led to a strong and stable economy with high levels of income equality, low unemployment rates, and a high standard of living for its citizens. Overall, the mixed economic system in Norway has proven to be successful in balancing economic growth with social welfare.

Read more about economy here:https://brainly.com/question/17996535

#SPJ11

Improved storage practices increasing the shelf life of direct materials may help explain the favorable price variance related to direct materials at Quick Foods.

A favorable price variance related to direct materials for Quick Foods could be explained by the improved storage practices that increased the shelf life of direct materials. This would lead to less waste and a more efficient use of resources, resulting in a favorable variance.

If the material price variance is favorable but the materials amount variance is destructive is mixture of variances might also suggest that inferior satisfactory substances were purchased at a discounted fee, but the low-high-quality substances created manufacturing problems.

Amount variances flow within the identical direction. If one is favorable the others may be as nicely. this is due to the fact there is an instantaneous courting between charge and amount. If one is favorable the other is in all likelihood to be favorable and if one is negative the other is possibly to be detrimental.

Visit here to learn more about  price variance : https://brainly.com/question/13375811
#SPJ11

Our net loss per share to buy and sell XYZ after considering the commissions and exchange fees or credits is -$0.0272. The closest answer choice to this is $0.0262.

First, we need to calculate the cost of buying XYZ. Since the current best ASK price is $80.66 per share, we will buy at that price. However, we also need to consider the commission charged by our broker, which is $0.0027 per share. Therefore, the total cost of buying one share of XYZ is:
$80.66 + $0.0027 = $80.6627

Next, we need to calculate the revenue from selling XYZ. Since the best BID price has moved down by one cent, the new best BID price is $80.64 per share. We will sell at that price, but we also need to consider the commission charged by our broker, which is again $0.0027 per share. However, since we are removing liquidity by selling, the exchange will charge us $0.0161 per share. Therefore, the total revenue from selling one share of XYZ is:
$80.64 - $0.0027 - $0.0161 = $80.6212
$80.6212 - $80.6627 = -$0.0415

Therefore, our net loss per share to buy and sell XYZ is -$0.0415. However, we also need to consider the credit we receive for adding liquidity when we bought XYZ. The exchange credits us $0.0143 per share for adding liquidity. Therefore, our net loss per share becomes:
-$0.0415 + $0.0143 = -$0.0272.

The net loss= -$0.0272.

For more such questions on share

https://brainly.com/question/30130634

#SPJ11

The beta of YOHO is 1.25. This means that YOHO is 25% more volatile than the overall stock market, as represented by the S&P 500.

To calculate the beta of YOHO, we need to use the following formula:

Beta = Covariance(YOHO, S&P 500) / Variance(S&P 500)

First, we know that the covariance between YOHO and the S&P 500 is 0.05.

Next, we need to find the variance of the S&P 500, which is equal to the square of the standard deviation. If the standard deviation is 20%, then the variance is:

Variance(S&P 500) = (0.20)² = 0.04

Now we can plug these values into the formula:

Beta = 0.05 / 0.04

Beta = 1.25

You can learn more about standard deviation at: brainly.com/question/23907081

#SPJ11

The production system in which a unit is produced only when needed in the next step in the production line is called Just-In-Time (JIT) production.

This approach is a lean manufacturing concept that focuses on the efficient use of resources by eliminating waste and reducing inventory levels.

The JIT production system aims to produce products in response to customer demand, reducing the risk of overproduction, excess inventory, and storage costs. It helps to reduce lead times, increase flexibility, and improve the quality of the final product. This system ensures that products are produced and delivered to customers at the right time, in the right quantity, and with the right quality.

The JIT production system requires close coordination and communication between the different stages of the production process. The system works by using pull-based production, which means that production is initiated only when there is a customer demand. This approach helps to minimize waste by ensuring that production processes are initiated only when necessary, and the products are produced only in the required quantities.

In conclusion, the JIT production system is an effective approach to manufacturing that allows companies to operate efficiently by producing products in response to customer demand. It helps to reduce waste, improve quality, and increase flexibility, which leads to a more efficient and cost-effective production process.

For more such questions on production visit:

https://brainly.com/question/7924898

#SPJ11

A. To maximize profits, the monopolist sets marginal revenue (MR) equal to marginal cost (MC). In this case, MR = 14 - Q, and MC = 4. Setting MR = MC, we get 14 - Q = 4, or Q = 10. Plugging Q = 10 into the demand function gives us P = 4, so the profit maximizing output is q = 10, and the price is P = 4. The monopolist's profit is (P - MC) * Q = (4 - 4) * 10 = 0.

B. In the world market, the firm takes the world price as given, so its marginal revenue is also Pw = 5. To maximize profits, the firm equates its marginal cost to its marginal revenue, so MC = 4 = Pw = 5, which implies that qw = 20. In the home market, the firm faces a downward-sloping demand curve, so its marginal revenue is given by MR = 14 - Qd. Setting MR = MC = 4, we get Qd = 10, and plugging this into the demand function gives us P = 4. So, the profit-maximizing quantity in the home market is qd = 10, and the price is P = 4.

C. The price in the home market is P = 4.

D. The deadweight loss is the triangle formed by the points where the demand curve intersects with the marginal cost curve and the world price line. In this case, the deadweight loss is zero because the firm is producing at its minimum average cost, and there is no production distortion due to the monopoly power. The home market quantity qd that maximizes the sum consumer surplus and the firm’s total profits is the point where the marginal cost curve intersects with the demand curve, which is at q = 14, and P = 0. This is because the sum of consumer surplus and profits is maximized where the marginal benefit (the demand curve) equals the marginal cost.

Learn more about revenue here:

https://brainly.com/question/8645356

#SPJ11

Pilsners owe some of their distinct character to a technique called "lagering." This process involves fermenting the beer at colder temperatures (usually around 46-55°F or 8-12°C) using a specific yeast strain known as "bottom-fermenting" or lager yeast.

This cool fermentation allows the yeast to work slowly, producing cleaner and crisper flavors, as well as reducing the formation of unwanted byproducts.

Additionally, Pilsners often use a combination of pale malts and noble hops, which contribute to their characteristic light color, clear appearance, and balanced bitterness.

Overall, the lagering technique, combined with the choice of ingredients, plays a crucial role in defining the unique qualities of Pilsner beers.

Learn more about fermentation at

https://brainly.com/question/26695807

#SPJ11

The new Stimulus Bill passed in March 2020 aimed at providing financial assistance to individuals, businesses, and various sectors of the economy affected by the COVID-19 pandemic.

Classical and Neoclassical economists, who generally believe in minimal government intervention in the economy, might not agree with the bill.

Keynesian economists would likely agree with the Stimulus Bill.

The new Stimulus Bill passed in March 2020 was known as the Coronavirus Aid, Relief, and Economic Security Act or CARES Act. It was a $2 trillion stimulus package designed to provide financial assistance to individuals and businesses affected by the COVID-19 pandemic. The bill included measures such as direct payments to individuals, expanded unemployment benefits, small business loans, and aid to industries affected by the pandemic.

Classical and neoclassical economists would likely not agree with the CARES Act. They may argue that the government should not interfere with the free market and that the bill's provisions could distort market outcomes. They would argue that markets can self-regulate and adjust to economic shocks in the long run without government interference. However, some of them may also recognize the need for government intervention in times of crisis and support measures such as loans to small businesses.

Keynesian economists, on the other hand, would likely support the CARES Act. They would argue that during a recession, government spending should increase to stimulate the economy. The direct payments to individuals, expanded unemployment benefits, and aid to industries would all provide a boost to aggregate demand, which could help to mitigate the economic damage caused by the pandemic.

Overall, while there may be differing opinions among economists regarding the CARES Act, it is clear that it was designed to provide critical assistance to individuals and businesses impacted by the pandemic.

Learn more about CARES Act:

https://brainly.com/question/28853902

#SPJ11

The statement is false because the Kantian perspective evaluates ethical decisions based on intrinsic moral value and principles, rather than based on the outcomes or consequences of the actions.

In the given scenario, Alex's decision to increase the working hours of the employees for free may not be considered ethical from a Kantian perspective, as it may not respect the autonomy and dignity of the employees. This is because the employees are not being given a choice in the matter, and their time and labor are not being valued or compensated appropriately.

In Kantian ethics, the moral duty to respect the autonomy and dignity of individuals is considered paramount. This means that ethical decisions should be made based on principles that would be universally applicable, rather than based on the potential positive outcomes for the majority of stakeholders.

Therefore, Alex's decision to increase the working hours of the employees for free may not be considered ethical from a Kantian perspective, as it may violate the moral principles of autonomy and dignity.

Learn more about Kantian ethics https://brainly.com/question/30482300

#SPJ11

Send my sales team to every bad review of the incident so we can take advantage of this chance to gain their business. Reiterate competitor the mistake of the rival and assure your supporters that you would never act in such a way.

Continue to be helpful and feel sympathy for the company's errors. When appropriate, respond to posts with consideration and empathy. Without a previous campaign to use as a benchmark, you are starting a project. You Can Secure This Executive Buy-In: Look at the prices of companies that can handle the work.

To support your plan, take into account industry research. You can get a complete picture of how social media is benefiting (or not) your company by doing a social media audit. The practice of reviewing specific metrics is called an audit.

Learn more about competitor visit: brainly.com/question/28902069

#SPJ4

The moral atmosphere and level of ethics practiced within a company is known as its ethical culture.

Ethical culture is the overall moral and ethical environment within an organization that guides behavior and decision-making. It includes the values, beliefs, attitudes, and behaviors that shape how employees interact with each other, customers, and other stakeholders.

Ethical culture is influenced by many factors, including leadership, organizational policies and procedures, and employee behavior. Companies with a strong ethical culture prioritize transparency, accountability, and fairness, and encourage employees to act with integrity and uphold ethical standards in all aspects of their work.

By promoting a positive ethical culture, companies can enhance their reputation, build trust with stakeholders, and create a more positive and productive work environment.

For more questions like Ethical culture click the link below:

https://brainly.com/question/28874565

#SPJ11

Based on the information provided in your question, it appears that the owner of the cattle is responsible for paying the feeder (grower) a rate of $.70 per head per day for the months of May through October.

However, title to the cattle remains with the owner at all times. It is unclear what the remainder of the question is, as it appears to cut off mid-sentence. If you have any further information or clarification,

Profitable cattle marketing involves more than just getting the highest price. It involves producing the type of calf the market desires, marketing that calf through the best outlet and at the best time. Unfortunately, most cow-calf producers simply sell their calves. They produce calves that are the easiest to raise, sell at the most convenient market outlet and sell at the most convenient time. As a result, they are price-takers.

Marketing means making choices about how or what product to produce, where to market it and when to price. As a result, marketers have some control over the price they receive.

To know more about marketing click this link-

brainly.com/question/13414268

#SPJ11

I recommend option a.This strategy will allow Caitlyn to generate more revenue, helping her cover the increased rent without necessarily raising prices or reducing staff hours.

I would recommend option A, which is to extend the length of her operating season, so as to spread the fixed cost over a larger volume of ice cream.

By increasing the number of months that she operates her business, Caitlyn can generate more revenue and spread the fixed costs over a longer period of time.

This strategy will allow her to maintain her prices and avoid reducing the hours of her staff, which could lead to lower sales and a decrease in customer satisfaction.

Option B, which is to increase prices, may not be a viable solution as it could lead to a decrease in demand for her ice cream.

Option C, which is to reduce the hours of her staff, could also lead to a decrease in customer satisfaction and sales. Therefore, option A is the best strategy for Caitlyn to pursue in this situation.

Visit here to learn more about Customer Satisfaction:

brainly.com/question/29918009

#SPJ11

When the productivity of a product resource increases and makes a firm's product more efficient and effective, it will increase the demand for the resource.

This is because the increased productivity of the resource makes it more valuable to the firm and enables the firm to produce more output with the same amount of resources.

Should the productivity of a resource decline, it will decrease the demand for the resource. This is because the resource is less efficient and less effective, which means that the firm will require more resources to produce the same amount of output. This would lead to an increase in the cost of production and a decrease in the firm's profitability. Therefore, the firm will seek to reduce its use of less productive resources in favor of more efficient alternatives.

To learn more about demand, visit here

https://brainly.com/question/29761926

#SPJ4

According to growing returns to scale, a proportionate increase in inputs results in a more than proportionate increase in output for the company.

One model that I learned in class that relates to this scenario is the law of diminishing returns. According to this law, if a company increases its inputs (in this case, laborers and raw materials) while holding all other factors constant, there will come a point where the marginal increase in output will start to decrease.

However, in this scenario, the milling company managed to triple its output despite tripling its inputs, indicating that the law of diminishing returns did not apply in this case.

Instead, the company may have experienced increasing returns to scale, where a proportionate increase in inputs leads to a more than proportionate increase in output.

This could be due to various factors such as improved technology, better organization, and economies of scale.

For more such questions on inputs, click on:

https://brainly.com/question/24150962

#SPJ11

Use stratified random sampling, cross-sectional design, gather data from primary (surveys) and secondary sources (analysis), and consult diverse literature lists.

For your research on the impact of social networking programs on adolescents, you could utilize stratified random sampling to gather diverse perspectives.

A cross-sectional research design would be suitable as it allows for a snapshot of the current situation. Primary sources include firsthand data from surveys or interviews, while secondary sources analyze or interpret primary sources.

Four literature lists to consult are peer-reviewed journals, government reports, books on adolescent development, and academic theses.

For more such questions on data, click on:

https://brainly.com/question/17284982

#SPJ11

The major job attitudes include job satisfaction, organizational commitment, and job involvement. Job satisfaction is influenced by various factors, including pay, job security, job conditions, and relationships with colleagues and supervisors.

Emotional intelligence is the ability to recognize, understand, and manage one's own emotions and those of others. It is an essential skill for success in the workplace, as it helps individuals communicate effectively, build strong relationships, and manage stress. Some strategies for emotional regulation include mindfulness meditation, deep breathing, exercise, and seeking support from friends, family, or a mental health professional. It is essential to practice self-care and prioritize mental health to perform well in the workplace and maintain healthy relationships.

Learn More about Job satisfaction here :-

https://brainly.com/question/28580172

#SPJ11

Over the past few years, Human Resource Management (HRM) has undergone significant changes. One of the most notable changes is the shift from a transactional approach to a more strategic approach. This means that HR professionals have moved from merely focusing on administrative tasks to becoming more involved in strategic decision-making processes.

This shift has enabled HRM to play a higher-level advisory role in organizations. As businesses continue to face complex challenges, HR professionals have become critical in providing insights into talent management, employee engagement, and organizational culture. In other words, HRM has transformed from a support function to a strategic business partner.

HRM professionals are now expected to possess skills such as data analysis, financial acumen, and project management skills. This is because they are required to provide valuable insights into business strategy formulation, workforce planning, and change management. Furthermore, HR professionals are increasingly being asked to provide evidence-based solutions to complex business problems.

In conclusion, HRM has changed significantly over the years, and this has led to an increased focus on strategic decision-making processes. HR professionals are now considered critical business partners who can provide valuable insights into talent management, employee engagement, and organizational culture. The role of HRM is continually evolving, and it is essential that HR professionals stay up to date with the latest trends and developments to remain effective in their advisory role.

Know more about Human Resource Management here:

https://brainly.com/question/23428372

#SPJ11

The firm should hire approximately 9.03 hours of labor to maximize profit. when the firm's production function is[tex]Q = 60K^1/3 L^1/2,[/tex] The firm rents machinery for 27 hours, the selling price of the output is $8, and the wage rate is $24 per hour.

To determine how many hours of labor the firm should hire, we need to calculate the marginal product of capital (MPK) and the marginal product of labor (MPL) of the given data.

Q = 60K^1/3 L^1/2

The marginal product of labor (MPL) is determined by:

MPL = (dQ/dL)

=  [tex]60K^1/3 L^1/2[/tex]

=[tex]30K^1/3 L^ - 1/2[/tex]

The marginal product of capital (MPK) is determined by,

MPK = (dQ/dK)

=  [tex]60K^1/3 L^1/2[/tex]

=[tex]20K^ - 2/3 L^1/2[/tex]

Given data:

K = 27 hours  

Q = $8

Wage rate(w) = $24

By substuting the Q and K values in the first equation we can solve L:

8 = [tex]60 × 27 ^1/3 L^1/2[/tex]

[tex]L^1/2 = 8 / 60 (27) ^1/3[/tex]

L = 0.3877 hours

Therefore, 0.3877 hours of labor should the firm hire.

To maximize profits, the firm should hire labor up to the point where MPL = w.

[tex]30K^1/3 L^ - 1/2[/tex] = w

[tex]30 × 27 ^1/3 × L^ - 1/2[/tex] = 24

L = 9.03 hours

Therefore, To maximize the profits the firm should hire labor for up to 9.03 hours.

To learn more about Marginal product of labor (MPL) :

https://brainly.com/question/30766109

#SPJ4

Answer: The correct answer is option 'D'

Explanation:

Money supply refers to  total quantity of Money available in a nation at a particular point of time.

The current international financial system is a managed float exchange rate system because exchange rates fluctuate in response to, but are not determined solely by market forces. The answer is A).

The current international financial system is a managed float exchange rate system, which means that exchange rates are allowed to fluctuate in response to market forces, such as supply and demand.

However, central banks and governments may also intervene in the market to manage the exchange rate to some extent, such as by buying or selling currencies. This is different from a fixed exchange rate system, where exchange rates are set by government policy and are not allowed to fluctuate freely in response to market forces.

Some countries may choose to keep their currencies pegged to the US dollar or other currencies, but this is not a universal feature of the managed float system. Overall, the managed float system allows for greater flexibility in exchange rates while still allowing for some level of government intervention to manage currency fluctuations.

To know more about float exchange rate, refer here:
https://brainly.com/question/28272902#
#SPJ11

The income elasticity of demand for the good is  negative and therefore the good is an inferior good  Option(a)

If a 4 percent increase in income results in a 6 percent decrease in the quantity demanded of a good, then the income elasticity of demand for the good is negative.

This indicates that the good is an inferior good, meaning that as consumers' incomes increase, they tend to shift their demand towards higher-priced, higher-quality alternatives. In other words, the good is not seen as a necessity and consumers tend to switch to more desirable products as their incomes increase.

Therefore, the correct answer to the question is option a: negative and therefore the good is an inferior good.

Learn more about the elasticity of demand

https://brainly.com/question/30465432

#SPJ4

Ful:Question: Assume that a 4 percent increase in income results in a 6 percent decrease in the quantity demanded of a good. The income elasticity of demand for the good is

a. negative and therefore the good is an inferior good.

b. negative and therefore the good is a normal good.

c. positive and therefore the good is an inferior good.

d. positive and therefore the good is a normal good.