Kevin has $20 to spend on summer clothes. He is looking at shirts, shorts, and flip-flops. Shirts are $10, shorts are $15, and flip-flops are $10. He buys one shirt because he thinks that buying the shirt is worth the opportunity cost of the shorts and the flip-flops. Which statement best evaluates his reasoning?Kevin has analyzed the situation well. He purchased a shirt and that purchase cost the opportunity of buying the shorts or flip flops.
Kevin was wrong in his analysis. He has confused opportunity costs with trade-offs by thinking of both of the lost items as opportunity costs.
Kevin was wrong in his analysis. The opportunity cost consists of more than the shorts and flip-flops. It also includes other choices he could have made with the $10.
Kevin has analyzed the situation well. However, he should also consider the fact that he saved $10 by only purchasing the shirt.

Answers

Answer 1

Answer: Kevin has analyzed the situation well. However, he should also consider the fact that he saved $10 by only purchasing the shirt.

Opportunity cost is the cost of the forgone alternative. Out of the 3 choices, he only purchased 1 of the choices, the opportunity cost are the other two choices. However, he is still capable of buying the flip-flops costing $10 but he chose not to do so. He should consider it as a savings aside from it being a lost opportunity.

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Real estate is an attractive investment because ita. is high risk.
b. provides quick profits.
c. is equity free.
d. provides the security of a place to live in retirement.

Answers

The answer would be D. provides the security of a place to live in retirement.

We can rule our option A , because even though its true, it's not the reasons that attract investor

We could rule out option b because real estate need a couple of years before it turned into profit

We can rule out option c because real estate need a large amount of equity

Answer:

D.provides the security of a place to live in retirement.

Explanation:

i just took that test

On January 8, an applicant filled out an application for a life insurance policy but did not include the initial premium. The insurance company approved the application on January 14 and issued the policy January 15. The producer delivered the policy on January 26 and collected the first premium. When did the coverage become effective

Answers

Answer: January 26

Explanation:

A life insurance policy is simply a contract that an individual has with an insurance company whereby the individual makes premium and in turn, the insurance company would have to give a death benefit, to the beneficiaries of the insurance policy once the insured dies.

Based on the information in the question, the coverage become effective on January 26 which was the day the policy was delivered and the first premium was collected.

The coverage of the life insurance policy becomes effective on 26th January.

A life insurance policy is an agreement between a policyholder and a life insurance company. In return for premiums paid by the policyholder during their lifetime, a life insurance policy promises the insurer will pay an amount of money to one or more named beneficiaries after the covered person passes away.

Life insurance is a binding agreement that provides the policyholder with a death payout in the event that the covered person passes away.

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If the exchange rate rises, which of the following falls in the open-economy macroeconomic model? a. desired net exports and desired net capital outflow b. desired net exports but not desired net capital outflow c. desired net capital outflow but not desired net exports d. neither desired net exports nor desired net capital outflow

Answers

Answer: Option(d) is correct.

Explanation:

Correct option: Neither desired net exports nor desired net capital outflow

If there is increase in the exchange rate, then there will be depreciation of the home currency. This means that now a person have to pay more for the same amount of imported goods.

The exports of a country also increases with increase in the exchange rate. So, the economy became more stronger.

And an economy rises exchange rate for stabilizing the foreign interest rate and domestic interest rate.

If the domestic interest rate is higher than the foreign interest rate then there is a inflow of capital in the home country. So, an economy increases the exchange rate to equal the foreign interest rate and domestic interest rate.

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Answers

Authority and legitimacy are only two of the most necessary skills a leader must possess in order for him/her to be able to guide and direct his/her followers. It is believed that leaders who got avid and dedicated followers are those that have authority and legitimacy.

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Answers

C. Compile your list of prospects

Final answer:

The first step in organizing a job search is to narrow your list of prospects.

Explanation:

The first step you should take when organizing your job search is to narrow your list of prospects. This means that instead of considering every potential employer, you should focus on those that align with your interests and qualifications. Narrowing your list allows you to target your job search efforts and increase your chances of finding a suitable opportunity.

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Answers

Answer: True

Explanation:

Yes, the given statement is true that the initial or the first step of creating a proper budget we always create a list and then identify our expenses according to the specific requirement.

We should always keep the all the financial records regularly so that we can make the proper budget list of the expenses. The budget is basically depend upon the individual living requirement, expenses and the income.

The answer is True. Hope this helps

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