Suppose Tammy grew up on a farm and is very good at plowing. In addition, suppose she is a popular country singer who earns $4,000 per performance. If her husband Bob can plow (but not as well as Tammy) but he can't carry a tune, then it would be most efficient if a. Tammy did both the plowing and the singing. b. Tammy specialized in singing and Bob in plowing. C. Tammy specialized in plowing and Bob in singing. d. Bob did both the plowing and singing. e. they both plowed and sang.

Answers

Answer 1

Answer:

Answer:

B) Tammy specialized in singing and Bob in plowing.

Explanation:

Tammy has an absolute advantage at singing because she is simply absolutely better at singing than her husband. She also has a comparative advantage at plowing because she plows better than him, but he can still do some plowing. Therefore, Tammy should specialize in the task that she has an absolute advantage and generates a larger revenue, while her husband should specialize in plowing even though he is not very good at it. By specializing in plowing, Tammy's husband might end up doing it as good as her.

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Which of these scenarios best describes fractional reserve banking?-Maria makes a deposit of $20,000, and the bank loans $18,000 to Mark so he can buy a car

-Jamir makes a $1,000 deposit and then withdraws it one week later.

-Isabella splits her $5,000 deposit between two different banks.

-A bank manager trades old, worn $20 bills for new currency issued by the Federal Reserve.

Answers

The scenario that best described fractional reserve banking is Maria makes a deposit of $20,000, and the bank loans $18,000 to Mark so he can buy a car.

What is fractional reserve banking?

Fractional banking is a form of banking where a portionof customer's deposits is kept with the Central Bank as reserves. The excess of deposits over reserves can be given out as loans.

To learn more about fractional banking, please check: brainly.com/question/12417681

Maria makes a deposit of 20,000 and the bank loans 18,000 to Mark so he can buy a car is the right answer I just took it.

"The type of retirement plan that gives the employer flexibility as to the amount contributed annually is a(n):"

Answers

Answer:

SEP-IRA

Explanation:

It's a retirement savings plan made by employers including people that are self-employed for the benefit of their employees and themselves. The employer may make tax-deducible contributions for certain employees towards their SEP-IRA

Amor, a successful brand of women's clothing, recently introduced a line of fitness equipment. this is an example of ________.

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Amor, a successful brand of women's clothing, recently introduced a line of fitness equipment. This is an example of diversification. Diversification describes the processes of having diverse product offerings. When you diversify, you are differentiating your products to meet more needs for consumers. Since the brand of clothing recently introducted a line of fitness equipment, they are diverisfying themselves by branching out into other markets.

What are products that are created abroad and then transported and sold domestically? A) Dumped goods B) Exports C) Imports D) Buy backs E) Domestic goods

Answers

Exports, they go out, imports come in, buy backs are for profit, domestic goods stay within the country

Name a product for which all eight marketing functions do not need to be performed by someone somewhere in the marketing system. Explain your thinking about what functions do not need to be performed

Answers

It will be fair to say that the only product that DOES NOT need any of the marketing function is the product that is essential for human's life.

For example, let's say that a company manage to monopolize all the water in the world and people only able to get water by buying it from the company. That would be an example of a product that does not need any of the marketing function since all the costumers need it for their lives

Brian just started using a budget. He proudly tells friends that his budget helps him know where his money is being spent. It allows him to spend some money on entertainment with the peace of mind that he will be able to pay the rent, and even gives him more money each month. Evaluate Brian's understanding of budgeting.Select the best answer from the choices provided.

Brian has no understanding of budgeting. Each of his statements is incorrect.

Brian has a limited understanding of budgeting. A budget will give him more money each month, but it will not help him keep track of his spending.

Brian has some understanding of budgeting. However, a budget does not create more money each month. It just helps him use his money better.

Brian has a good understanding of budgeting. Each of his statements is correct.

Answers

The right answer for the question that is being asked and shown above is that: "Brian has some understanding of budgeting. However, a budget does not create more money each month. It just helps him use his money better." That is the best answer among the choices.

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