The government's policy of covering 50% of the price of a life-extending drug would shift the demand curve, increase the equilibrium quantity sold, and potentially result in lower revenue for producers. The cost reduction for buyers may not be exactly 50% per unit.
(a) The policy of the government covering 50% of the price of the life-extending drug would primarily affect the demand curve. By reducing the cost burden on buyers, the policy makes the drug more affordable and accessible, thereby increasing the demand for the drug. This would lead to a rightward shift of the demand curve.
(b) The equilibrium quantity of the drug sold is likely to increase as a result of the policy. The lower price for buyers, coupled with the increased affordability, incentivizes more people to purchase the drug. This increased demand would drive up the quantity of the drug sold in the market.
(c) Producers of the drug may obtain less money per unit sold. While the policy reduces the cost burden for buyers, the government's payment covers a portion of the price, effectively lowering the price received by producers. Therefore, they would receive less money per unit sold compared to the original equilibrium price.
(d) Buyers of the drug may not see their costs drop by exactly 50% per unit purchased. This is because the government's payment is based on a percentage of the price, not a fixed dollar amount. As the price of the drug increases, the government's payment also increases proportionally. Therefore, the actual cost reduction for buyers would depend on the specific price at which they purchase the drug, and it may not be exactly 50% per unit.
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What is institutional advertising focused on promoting?
A. A company
B. The Internet
C. A service
D. A good
Please select the best answer from the choices provided
Answer:
Product advertising focuses on promoting specific individual products while institutional advertising focuses on your overall brand
Answer:
A. A company
Explanation:
Right on EDGE 2021
Consider a proposal for the construction of a boat ramp. The inferences made in an academic report are bound by the quantitative evidence provided in the report as related to the literature. Why are the inferences in environmental reporting so much wider and need to go beyond the quantitative evidence you present in your report? To answer this question, think about the need for qualitative evidence that covers construction risk and quantitative evidence to cover detectability of long-term change.
Inferences in environmental reporting go beyond quantitative evidence to account for subjective factors, stakeholder perspectives, and the complex nature of environmental issues.
Why do inferences in environmental reporting need to go beyond quantitative evidence?In environmental reporting, the need for wider inferences beyond quantitative evidence arises due to the complex and multifaceted nature of environmental issues.
While quantitative evidence provides valuable insights into measurable aspects such as pollutant levels or species abundance, it may not capture the full scope of potential impacts and risks.
Environmental reporting often requires consideration of qualitative evidence to assess factors like construction risk, which involve subjective judgments, stakeholder perspectives, and expert opinions.
Additionally, qualitative evidence helps evaluate intangible aspects such as social, cultural, and ecological values that may be affected.
Therefore, the combination of quantitative and qualitative evidence enables a more comprehensive understanding of environmental impacts and facilitates informed decision-making in areas such as construction projects and long-term change detection.
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in a flexible exchange rate the exchange rate is determined by
Answer:
by supply and demand.
Explanation:
Which is NOT a fee you need to worry about with a checking account?
Answer:
It depends on the bank provider. All bank providers have different fee policies.
Explanation:
There is no specifc answer to this.
Scenario 4:
You just got the keys to your first apartment. You also have a new credit card with a $4,000 limit and you use it to
furish your new place. Before you know it, you've bought a TV, a couch and a dining room table. When you get the credit card bill, you realize you’ve spent your full credit limit of $4,000.
the credit card bill, you realize you've spent your full credit limit of $4,000.
Does your credit score go up or down?
Why does it go up or down?
If your score goes down, how can you fix it?
Answer:
Explanation:
Scenario 1:
You want to purchase a new vehicle and you have your heart set on a brand new SUV. You take out a loan to pay for the car, but after six months you begin to fall behind on payments and incur late fees.
1. Does your credit score go up or down?
Your Credit Card score will go down.
2. Why does it go up or down?
It went down because you were late on your payments.
3. If your score goes down, how can you fix it?
Pay your payments on time.
Scenario 2:
You’ve been eager to buy a new cell phone for months, and now you’re ready to make it happen. You use your credit card to purchase the phone and you set up automatic billing to pay the monthly expenses. At the end of each month, you pay the credit card bill in full.
1. Does your credit score go up or down?
It goes up.
2. Why does it go up or down?
You pay your bills on time.
3. If your score goes down, how can you fix it?
It doesn't go down.
Scenario 3:
Your first semester of college, you take out a small loan to help pay for books. Despite being busy, you get a part time job. Although you don’t have to pay your loan back until you graduate, you’ve saved enough by the end of the semester and you will pay off the loan in full.
1. Does your credit score go up or down?
Your score will go up.
2. Why does it go up or down?
You will pay the loan back in full.
3. If your score goes down, how can you fix it?
It doesn't go down.
The credit score of the person is going to go down because it would mean that they have no credit left.
What is a credit score?This is a score that tells how a person is performing based on the credit that they apply for from financial services.
The credit score is going to go down because it would mean that they would be needing more credit.
If the score goes down the best way to make it rise is by making payments on time for the credit collected.
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Marta is twenty eight years old, and she has no dependents. She has saved an emergency fund and an extra $1,500.
She would like to save or invest this money in hopes that it will grow fast. Marta does not mind taking risks with her
money. Which type of account or investment is best for her?
fifteen-year savings bond
IDA
mutual fund
basic savings account earning 1.3 percent Interest, compounded monthly
Answer:
Mutual Fund
Explanation:
Mutual fund is a type of investment where professionals managed a pooled sum money contributed by different investors. These funds are invested into buying stocks , bonds other securities towards profit making.
It has its advantages in professional management , shared risks, dividends reinvestment and convenience. However , the disadvantages include poor trade execution ,potential for management bias and high fees.
Answer:
The correct answer would be a basic savings account earning 1.3% interest, compounded monthly.
Explanation:
Taking into account that Marta does not like taking risks with her money and does not have an emergency fund she should not invest in stocks. She also wishes to use her money within 18 months, so a fifteen-year savings bond would not be a great choice.
A mutual fund is a collection of money from a group of investors to buy different investments. This choice will also not work well for Marta.
An IDA is an individual development account for low-income families to save towards a targeted amount usually used for building assets in the form of home ownership, post-secondary education and small business ownership. Not a great account for a single person with no dependants.
$1,500 at 1.3% interest, compounded monthly after 18 months equals about $1,520. Even though Marta won't be earning a huge amount of money, she will still earn some. Since she doesn't have an emergency fund and doesn't like risks, a basic savings account earning 1.3% interest, compounded monthly will be the right choice for her.
name 3 of the most famous economists and their significant contributions
When businesses need to formalize the information provided to employees, customers, or other businesses, they often use which type of communication?.
When businesses need to formalize the information provided to employees, customers, or other businesses, they often use written communication.
This can take the form of letters, memos, reports, emails, newsletters, manuals, policies, contracts, and other types of written documents.
Written communication provides a permanent record of information that can be referred to later, and it allows for precise and specific wording to be used to convey complex ideas or instructions. It also ensures that the same message is communicated consistently to everyone who receives it.
In formal business communication, it is important to use a professional tone and adhere to standard formatting and style guidelines. The goal is to clearly convey the intended message while maintaining a professional image for the company.
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4. The inverse demand for a homogeneous-product Stackelberg duopoly is P = 16,000 - 49 The cost structures for the leader and the follower, respectively, are CLIQL) = 4,000QL and CF(QF) = 6,000QF (LO2, LO3) a. What is the follower's reaction function? b. Determine the equilibrium output level for both the leader and the follower. c. Determine the equilibrium market price. d. Determine the profits of the leader and the follower.
a) reaction function is QF = (8,000 - 0.5QL - 24.5P) / 49. b) equilibrium output level QF = 1,142.9. c) equilibrium market price is 9,571.4. d) profits is 4,114,286.
a. The follower's reaction function can be found by solving for QF in terms of QL. Since the leader will produce their output first, the follower will take this into account when making their decision. Thus, we can set the leader's output equal to QL and solve for QF: QL = (16,000 - 49(QL + QF)) / 2. Simplifying this equation gives the follower's reaction function: QF = (8,000 - 0.5QL - 24.5P) / 49.
b. To find the equilibrium output levels, we need to solve for QL and QF simultaneously. Using the follower's reaction function, we can substitute QF into the leader's profit-maximizing condition: MR = MC. The leader's marginal cost is CLIQL, so we have (16,000 - 49(QL + QF)) / 2 = 4,000QL. Solving for QL gives QL = 2,285.7. Using the follower's reaction function, we can then solve for QF: QF = 1,142.9.
c. The equilibrium market price is found by substituting the equilibrium output levels into the demand function: P = 16,000 - 49(QL + QF) = 9,571.4.
d. To find the profits of the leader and follower, we need to subtract their costs from their revenues. The leader's revenue is PQL = 21,942,857, and their cost is CLIQL = 9,142,857. Therefore, their profit is 12,800,000. The follower's revenue is PQF = 10,971,429, and their cost is CFQF = 6,857,143. Therefore, their profit is 4,114,286.
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On his birthday, Kamran receives $200 from his aunt, $50 of which he decides to save. He is taken out by his father for lunch. His father pays the bill. Kamran spends the afternoon playing football. Which of these activities involves an opportunity cost? * A. Eating the free lunch-NO, Playing football-NO, Saving-NO
B. Eating the free lunch-NO, Playing football-NO, Saving-YES
C.Eating the free lunch-NO, Playing football-YES, Saving-YES
D. Eating the free lunch-YES, Playing football-YES, Saving-YES
Answer: D hope this helps :)
Explanation:
Eating the free lunch-YES, Playing football-YES, Saving-YES
What is saving?Deferred consumption, or not spending money, is saving. Savings strategies involve setting money aside in places including cash, investment funds, pension accounts, and deposit accounts. Reducing expenses, such as regular expenses, is another aspect of saving.
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Unemployment has decreased and price level and real gdp have risen. what are two possible actions the federal government has taken to cause this?
Possible actions for decreased unemployment, increased price levels, and higher real GDP: expansionary fiscal policies (spending, tax cuts) and monetary policies (lowering rates, quantitative easing) to stimulate demand and economic activity.
The federal government might have taken several different acts to lower unemployment, raise prices, and boost real GDP. Implementing expansionary fiscal policies, such as raising taxes or expanding government expenditure, is one viable course of action. These actions may increase corporate hiring and generate demand, which will lower the unemployment rate. Additionally, rising pricing might be the result of greater expenditure on goods and services.
Implementing monetary policies, such as cutting interest rates or participating in quantitative easing, is another option. These measures can promote borrowing and spending, which will boost the economy's activity and real GDP. Together, these acts may help to establish an atmosphere that is conducive to economic growth, with reduced unemployment, higher prices, and greater real GDP.
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Which of the following is a TRUE statement about playing team sports? A. Team sports will definitely make you more successful in life. B. Team sports can positively impact all aspects of your life. C. Team sports will prevent you from getting any illnesses. D. Team sports can improve your health, but not your self-esteem. Please select the best answer from the choices provided. A B C D.
Answer:
B. Team sports can positively impact all aspects of your life.
Explanation:
Team sports are said to bolster the five C's: competence, confidence, connections, character, and caring. At the heart of this is self-esteem – an increased sense of self as a result of better social interactions, stronger relationships, and higher academic performance.
if you like my answer, please mark me brainliest !! thanks !!
Answer: B-Team sports can positively impact all aspects of your life.
Explanation:
Your parents tell you that on your 22nd birthday, they would like for you to get your own health insurance. You are very healthy, are not
taking any prescription medicines, and generally only see your doctor for your annual physical. What type of health insurance is likely to
be best for you?
A low deductible plan with a high monthly premium
O A high deductible plan with a low monthly premium
OA low deductible plan with low co-pays on prescription medicine with high monthly premiums
O The health insurance plan with the highest monthly premium to ensure high quality service
Answer:
A high deductible plan with a low monthly premium would offer you the most cost-effective option.
Explanation:
Since you are healthy, not taking any prescription medicines, and only visiting your doctor for an annual physical, you have relatively low healthcare needs. In this case, a high deductible plan with a low monthly premium would offer you the most cost-effective option.
With a high deductible plan, you will have a higher out-of-pocket expense before the insurance coverage kicks in. However, since you have minimal healthcare needs, this higher deductible is less likely to be a financial burden. The low monthly premium allows you to save on the cost of insurance since you don't anticipate needing extensive coverage.
Paula has property which she uses in her office that someone else is responsible to maintain. What is a likely reason for this?
A. The property was defectively manufactured.
B. She purchased the property rather than leased it.
C. She has borrowed the property from a friend.
D. She leased the property rather than purchased it.
Chester Corp. Ended the year carrying $3,578,000 worth of inventory. Had they sold their entire inventory at their current prices, how many more dollars of contribution margin would it have brought to Chester Corp. ?
Select : 1
Save Answer
$2,136,000
$7,790,850
$5,771,000
$3,578,000
The amount of contribution margin the inventory would have brought to Chester Corp. is $3,578,000. Therefore the last option is correct.
In order to get the contribution margin, we are needed to know the variable cost per unit for the inventory and the selling price per unit. Let's consider that Chester Corp. sells a single product and he has the information of,
Selling price per unit: $50
Variable cost per unit: $25
The contribution margin per unit is the difference between the selling price and the variable cost can be calculated as under.
Contribution margin per unit = Selling price per unit - Variable cost per unit
= $50 - $25
= $25
Now, to calculate the total contribution margin that Chester Corp. would have made if the entire inventory was sold, we need to know how many units of the product are in their inventory. It can be achieved by dividing the total value of the inventory by the cost/unit:
Number of units in inventory = Total value of inventory / Cost per unit
= $3,578,000 / $25
= 143,120 units
The total contribution margin that Chester Corp. would have earned if they sold their entire inventory is the contribution margin per unit multiplied by the number of units in inventory:
Total contribution margin = Contribution margin per unit x Number of units in inventory
= $25 x 143,120 units
= $3,578,000
So, it can be inferred that if Chester Corporation had sold their entire inventory at their current prices, they would have earned an additional amount of $3,578,000 in contribution margin.
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Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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While using a debit card increases the speed and efficiency of business transactions, what effect can this have on a person's money management skills?
The person can set his or her financial goal and this will result in preplanning the funds. This makes the platform an easy target to transact with and more efficient.
What is a financial goal?A financial goal is an objective or plan for handling money. It is a function of how much money you make, spend, save, or invest. Depending on their need for a financial objective, such as pension planning, a person or individual might define their own financial goals.
The person who is a using debit card or a credit card. This would help the person in maintaining their efficiency and a budget. They can even set a limit through which they can be allowed to transit.
Also, they can use ODIs which is overdraft as well as bills receivable. This would increase their efficiency and money management.
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how do you calculate a total including sales tax?
Answer:
Add the tax to the subtotal to calculate the total amount
Explanation:
Add the prices of items purchased to obtain a subtotal.
Multiply that subtotal by the tax rate to determine the tax.
Add the tax to the subtotal to calculate the total amount.
__
Example
Purchases total 6.95. The tax rate is 8.2%.
The tax due is ...
0.082 × 6.95 = 0.5699 rounds to 0.57.
The total amount due is ...
6.95 +0.57 = 7.52
_____
Comment on percent
The % (percent symbol) is a fancy shorthand way to write /100. That is, a tax rate of 8.2% means you multiply the pre-tax amount by 8.2/100 = 0.082.
To calculate the total amount including sales tax, follow these steps:
The Steps to followDetermine the sales tax rate (expressed as a percentage).
Multiply the sales tax rate by the original price to find the tax amount.
Add the tax amount to the original price to get the total amount, including sales tax.
Formula: Total = Original Price + (Original Price * Sales Tax Rate)
Example: If the original price is $50 and the sales tax rate is 10%, the total amount would be $55.
Remember, the sales tax rate may vary depending on the location and the type of product or service being taxed.
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how marketers promote new products
The answer is the marketers promote their products through Media coverage, Website, Social media, Advertising and Personal selling.
What does marketing promotion mean?Promotion in the context of a career means raising a worker's position or rank within a hierarchical structure. Promotion in marketing is the process of raising consumer interest in a product through marketing or a price reduction.
What serves as marketing promotion's primary objective?Making sure that consumers are aware of the presence of products is the primary goal of promotion. Promotion is also used to remind customers of why they would want to buy a product and to convince them that it is superior to similar products on the market.
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TRUE/FALSE. When no par value stock does not have a stated value, the entire proceeds from the issuance of the stock become legal capital
The given statement "When no par value stock does not have a stated value, the entire proceeds from the issuance of the stock become legal capital" is false because when no par value stock does not have a stated value, the entire proceeds from the issuance of the stock do not become legal capital.
When a company issues no par value stock, it means that the stock does not have a predetermined value assigned to it. In such cases, the proceeds from the issuance of the stock are not automatically considered legal capital. Legal capital refers to the minimum amount of capital that a company must maintain to protect the interests of its creditors.
In the absence of a par value, the company needs to allocate the proceeds to different accounts, such as additional paid-in capital or retained earnings, based on the specific legal requirements of the jurisdiction in which it operates. Therefore, the entire proceeds from the issuance of no par value stock do not automatically become legal capital.
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28. diana is an officer of eloquent dining, inc. as an officer, with respect to the corporation, dianna is a. a fiduciary. b. a forum. c. a proxy. d. a quorum.
As an officer of Eloquent Dining, Inc., Diana is considered a fiduciary with respect to the corporation. This means that she has a legal and ethical obligation to act in the best interests of the corporation. Therefore, the correct answer is option A.
Its shareholders, and to avoid any conflicts of interest or self-dealing. As a fiduciary, Diana must exercise reasonable care, skill, and diligence in carrying out her duties, and must be transparent and accountable in her actions.
A fiduciary duty is a fundamental principle of corporate law, and applies not just to officers, but also to directors and other key decision-makers within a corporation. It is designed to protect the interests of the corporation and its stakeholders, and to ensure that those in positions of power act with integrity and in the best interests of the company as a whole.
In summary, as an officer of Eloquent Dining, Inc., Diana is a fiduciary with respect to the corporation. She has a legal and ethical obligation to act in the best interests of the company and its stakeholders, and to exercise reasonable care and diligence in carrying out her duties. Therefore, the correct answer is option A.
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Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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The Rev. Scarpetta receives an annual salary of $29,000 as a full-time minister and is not exempt from self-employment tax. This includes $3000 designated as a rental allowance to pay utilities. His church provides him a parsonage with a fair rental value of $7000 per year. How much must reverend Scarpetta include when figuring not earnings for self-employment tax?
a: $29,000
b: $32,000
c: $33,000
d: $36,000
$36,000. must reverend Scarpetta include when figuring not earnings for self-employment tax. The correct answer is option d.
Reverend Scarpetta must include the total of his annual salary and the fair rental value of the parsonage when calculating net earnings for self-employment tax.
His annual salary is $29,000, and the fair rental value of the parsonage is $7,000 per year. Adding these two amounts together gives a total of $36,000. This is the amount that Reverend Scarpetta must include as his net earnings for self-employment tax purposes.
It is important to note that the designated rental allowance of $3,000 for paying utilities is not included in the calculation of net earnings for self-employment tax.
Therefore, the correct answer is option d: $36,000.
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a value proposition defines how a company's product or service fulfills the needs of a customer.
true
false
The statement "a value proposition defines how a company's product or service fulfills the needs of a customer" is true because it explains how a company's product or service provides unique value or benefits to its customers.
A value proposition is a statement or proposition highlights the features, advantages, and benefits that differentiate the offering from competitors and fulfill the needs or solve the problems of the target customers. The value proposition aims to communicate why customers should choose the company's product over others in the market.
A well-crafted value proposition should effectively address the following aspects:
Customer Needs: It identifies the specific needs, problems, or desires of the target customers that the product or service aims to address. This helps in creating a strong connection between the customer's pain points and the solution being offered.Differentiation: The value proposition highlights the distinctive features, qualities, or advantages that set the company's offering apart from competitors in the market. It emphasizes what makes the product or service unique and superior in fulfilling the identified customer needs.Benefits and Value: It clearly communicates the benefits and value that customers can expect to derive from using the product or service. This includes both tangible and intangible benefits, such as cost savings, convenience, time efficiency, improved performance, enhanced quality, or emotional satisfaction.Competitive Advantage: The value proposition should articulate how the company's offering provides a competitive advantage over alternatives in the market. It showcases why customers should choose this particular product or service over others available to them.Clear and Concise Messaging: A strong value proposition is concise, easy to understand, and effectively conveys the key message to the target audience. It should be compelling and resonate with the customers, capturing their attention and generating interest in the offering.Learn more about value proposition here: https://brainly.com/question/7594107
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Eve's Apples opened for business on January 1, 2012, and paid for two insurance policies effective that date. The liability policy was $36,000 for eighteen-months, and the crop damage policy was $12,000 for a two-year term. What was the balance in Eve's Prepaid Insurance account as of December 31, 2012
Answer:
$18,000
Explanation:
Since the two insurance polices are for 18 months and 2 years respectively, at $36,000 and $12,000 each, we can deduce that by the 31st of December, 2012 a year each has been off the policies.
By that, we can simply deduce that for the $36,000 liability policy, its monthly rate is $2,000 ($36,000 ÷ 18). Same can be said for the crop damage plan at $12,000 for 2 years. If a year is off the plan, the 2nd year is worth $6,000 ($12,000 ÷ 2).
Therefore, from the liability policy, we have $12,000 left for the 6 months left on the plan while we have $6,000 on the crop damage plan for the next year 2013.
Adding both remainders gives $12,000 + $6,000 = $18,000
Cheers.
A(n) _____ identifies how you feel about an activity or subject.
Answer:
Survey
it questions and identifies how you feel about an activity or subject.
Answer: interest theory
took it on edg.
What total amount of money would you have if you invested $5,000 at 2% interest for 3 years and the interest was calculated using the simple interest method? Use the simple interest example above as a guide to calculate simple interest, please show your work.
Answer:7,445.50
Explanation:
Answer:
simple Interest: $5,300.00
Annually Compounded Interest: 5,306.04
Explanation: Compound Interest means that you earn "interest on your interest", while Simple Interest means that you don't - your interest payments stay constant, at a fixed percentage of the original principal.
Profession in medical are not practice for money but for public welfare? Do you support this statement? Explain.
please help me
Answer:
Explanation:
if a Doctor decrease his price than poor people can get a better health care for them it
What is entrepreneur?
Answer:
someone who is willing to take the necessary risk and uncertainties associated with setting up and managing a business or enterprise
Answer:
Someone who has they're own business. For example, my dad, he made a small company after he left the military called Triple L and he does different things like land work
Explanation:
Should citizens participating in
criminal trials should have some requirements such as someone who
has a degree? Or someone who makes at least $20,000 per year? Why
or why not?
Citizens participating in criminal trials should not be required to have a degree or make a certain amount of money per year. This is because such requirements would create inequalities in the justice system and violate the principle of equal protection under the law that is enshrined in the US Constitution.
First, requiring citizens to have a degree in order to participate in criminal trials would discriminate against those who cannot afford higher education. This would create an unfair advantage for those who are more affluent and better-educated, and it would prevent many people from serving on juries or as witnesses.
Secondly, requiring citizens to make a certain amount of money per year would also create inequalities. Poorer citizens would be excluded from participating in criminal trials, which would violate their rights to equal protection under the law. Moreover, wealth is not necessarily a measure of a person's ability to serve as a juror or a witness. A person's income level does not necessarily correlate with their intelligence, education, or integrity
.In conclusion,citizens should not be required to have a degree or make a certain amount of money per year in order to participate in criminal trials. Doing so would violate the principle of equal protection under the law, create inequalities, and prevent many people from participating in the justice system.
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