Answer:
the European Central Bank (ECB) should engage in a contractionary monetary policy
Explanation:
A contractionary monetary policy takes place when a central bank (or the Fed) reduces the money supply in order to cool down the economy, lower inflation rate or like in this case, wants to offset expansionary fiscal policy.
The central bank initially raises the interest rates and starts selling more securities in order to absorb cash from the markets.
Answer:
The correct answer is A)
Explanation:
There is no good or service that is unlimited.
The concept of the Barter system was simply a method of exchanging value for value.
- It was phased away due to several reasons:
- It was not a good store of value as many of the goods were perishable
- it didn't make for good administration: It was too cumbersome and problematic. Imagine having to store three trailers of eggs awaiting a barter exchange
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If the total value of goods exported from a nation is less than the total value of goods imported to the nation, the nation is experiencing a Trade deficit.
The difference between imports and exports is known as the trade deficit or negative balance of trade (BOT). A trade deficit develops when an economy spends more on imports than on exports. It can be computed for various commodities and services as well as for cross-border transactions.
The difference between the monetary value of a country's exports and imports over a specific time period is known as the balance of trade deficit, commercial balance, or net exports. A distinction between a trade balance for products and one for services is occasionally drawn.
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The degree of risk is associated with the probability or magnitude of loss. The given statement is true.
The area of mathematics known as probability deals with numerical representations of the likelihood that an event will occur or that a statement is true. An event's probability is a number between 0 and 1, where, roughly speaking, 0 denotes the event's impossibility and 1 denotes certainty.
Simply put, probability is the likelihood that something will occur. When we don't know how an event will turn out, we can discuss the likelihood or likelihood of several outcomes. Statistics is the study of events that follow a probability distribution.
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Answer and Explanation:
The computation is shown below;
a. Raw material price variance is
= (standard price - actual price) × actual quantity
= ($10 - $11) × ($69,300 ÷ $11)
= ($10 - $11) × 6,300
= $6,300 unfavorable
b. The raw material usage variance is
= (Standard quantity - actual quantity) × standard price
= (525 × 13 - 6,300) × $10
= $5,250 favorable
In this way it should be calculated
