Business, 08.10.2019 03:30 rosaa7

In order to have money available for replacing their family vehicle, a couple planned to have $220,000 available in 10 years by investing in a global mutual fund. if they plan to increase their savings by 10% each year, how much must they invest in year 1 if they expect to earn 10% per year on their investments?

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Answer from: Quest

1 all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

Answer from: Quest

an important city to the south and the region's capital is c. kiev

Answer from: Quest

Planning for the future should be as important as planning any aspect in your life. when you retire, you will be faced with a big turning point in your life such as having to deal with your personal growth, your relationship with your family and friends, and finding purpose and happiness in life. you should be prepared not just financially, but emotionally and mentally. make sure that after all the work that you've done for all your life, you find the time to relax and enjoy your retirement with your family, friends, and yourself.

Answer from: Quest

Choice (d) is the most correct. this would be an example of the availability heuristic. when a person can easily recall an event similar to another, we tend to think the second event happens much more often than it likely does. the fact that we have mental shortcuts that allow this to happen is the mechanism behind our misjudgments.

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