How do business cycles occur according to the Real Business
Cycle theory of fluctuations? Explain your answer focusing on the
key shocks and transmission mechanisms.
1000 words

Answers

Answer 1

The Real Business Cycle (RBC) theory of fluctuations provides an alternative framework for understanding business cycles, emphasizing the role of real factors such as technology shocks and productivity fluctuations.


According to the RBC theory, business cycles occur primarily due to exogenous shocks that disturb the equilibrium of the economy, leading to fluctuations in economic activity. In this explanation, I will delve into the key shocks and transmission mechanisms proposed by the RBC theory.


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Related Questions

how do plants that lack secondary growth increase girth (stem width)?

Answers

Plants that lack secondary growth, such as herbaceous plants and some tree species, increase their girth or stem width through primary growth. Primary growth refers to the increase in plant height and stem width that occurs as a result of cell division and elongation in the apical meristem and other primary meristems.

In these plants, the primary meristems located at the tips of roots and shoots contribute to the elongation of stems and the production of new cells. As cells in the apical meristem divide, they push the older cells outward, causing the stem to elongate and increase in height. This primary growth allows the plant to reach for light and establish a larger surface area for photosynthesis.

Regarding stem width, primary growth is responsible for the initial thickness of the stem. The division and elongation of cells in the primary meristem contribute to the radial expansion of the stem, allowing it to increase in girth. However, the absence of secondary growth in these plants means that they do not possess a vascular cambium or cork cambium, which are responsible for the production of secondary tissues like xylem, phloem, and bark that contribute to further thickening of the stem over time.

Therefore, in plants lacking secondary growth, the primary growth processes are primarily responsible for the increase in girth or stem width during their lifespan.

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Type the correct answer in the box. Spell all words correctly.

What need is influenced by an individual’s personality, culture, and environment?

______ are needs that are influenced by an individual’s personality, culture, and environment, while needs are essential to human life.

Answers

Answer:

WANTS are those needs(things that u don't need that moment like cars etc) which influence one personality, culture and environment.

what is the amount of time required to operate a process from beginning to end?a) work timeb) flow timec) process timed) production time

Answers

The amount of time required to operate a process from beginning to end is b) flow time.

Flow time includes the time required for processing, moving, and waiting. Flow time is an important factor in determining the efficiency of a process, as a shorter flow time can result in faster production and lower costs.

Work time, on the other hand, refers to the amount of time spent actually working on a task or process. Process time is the amount of time required for a single operation or step in a process.

Production time is the amount of time required to produce a product or complete a task.

In summary, the amount of time required to operate a process from beginning to end is known as flow time.

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Flow charts do all of the following excepta.) Provide a graphical/pictorial view of the processb.) Identify non value added stepsc.) Provide a written narrative view of the processd.) Display customer supplier relationships

Answers

The correct response is b.) Identify non value added steps. Flow charts Provide non value.

A flowchart is an illustration of a diagram that shows a workflow or procedure. Another definition of a flowchart is a diagrammatic depiction of an algorithm or a method for solving a problem step-by-step. The flowchart displays the steps as a variety of box types, with arrows linking the boxes in the appropriate order. An example of a solution model to a given problem is shown in this diagrammatic representation. In many different industries, flowcharts are used for program or process management, design, documentation, analysis, and more. Creating and preserving basic processes or programs can be done using flowcharts. They aid in process visualization, like other diagram kinds. In most cases, additional types of diagrams are used in conjunction with flowcharts to illustrate certain parts of processes.

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Athletic Elite Inc. has 20,000 shares outstanding and nine directors. Its articles provide for cumulative voting.

1. What number constitutes a quorum of shareholders?

The answer to this question is for the quorum of shareholders at least 10001 shares must be represented. Why 10001 shares must be represented?

2. Assume that the corporation is holding a meeting to vote on a merger. How many votes will Miguel have? The answer is if the corporation is holding a meeting to vote on a merger Miguel will have 500 votes.

Why will Miguel have 500 votes instead of 1000?

Answers

The number that constitutes a quorum of shareholders is two. These two shareholders are allowed to be present in person or in proxy.

Why 10001 shares must be represented?

10,001 shareholders must be represented because, in order for a decision to be made at the shareholder's meeting, at least 51% of the total number of shares or the group or persons holding over 50% of the share must vote in that direction. 10,001 represents over 50% of 20,000 shares.

Please note that there is insufficient information from the question to answer questions relating to Miguel.

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some strategies for reducing employee turnover include all except:____

Answers

Some strategies for reducing employee turnover include competitive compensation packages, employee recognition and rewards programs, fostering a positive work culture, providing opportunities for growth and development, and offering work-life balance initiatives.

All of the mentioned strategies are effective in reducing employee turnover, so the correct answer is "none." Competitive compensation packages play a significant role in retaining employees by ensuring that they are fairly compensated for their work and skills. Offering competitive salaries, benefits, and incentives can make employees feel valued and less likely to seek opportunities elsewhere. Employee recognition and rewards programs also contribute to reducing turnover. Acknowledging and rewarding employees for their contributions and achievements can enhance job satisfaction and increase employee loyalty. It helps create a positive work environment and reinforces a sense of belonging and appreciation.

Fostering a positive work culture is another critical strategy. Creating a supportive and inclusive work environment where employees feel respected, heard, and engaged can lead to higher job satisfaction and lower turnover rates. Encouraging teamwork, open communication, and employee involvement in decision-making processes can contribute to a positive work culture. Providing opportunities for growth and development is crucial in retaining talented employees. Offering training programs, career advancement opportunities, and mentoring can demonstrate a commitment to employees' professional growth and help them feel invested in their long-term career prospects within the organization.

Lastly, implementing work-life balance initiatives, such as flexible work arrangements, wellness programs, and supportive policies, can improve employee satisfaction and retention. By recognizing the importance of work-life balance and supporting employees' personal well-being, organizations can reduce turnover by promoting a healthier work-life integration. In summary, the strategies for reducing employee turnover include competitive compensation packages, employee recognition and rewards programs, fostering a positive work culture, providing opportunities for growth and development, and offering work-life balance initiatives.

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you would like to have $50,000 saved at the end of year 5. at the end of year 2, you can deposit $7,500 for this purpose. if you earn 4.5 percent, how much must you deposit today to reach your goal assuming no other deposits are made? group of answer choices $33,254.58 $33,108.09 $34,276.34 $34,642.28 $34,912.63

Answers

$33534.73 should be deposited today to reach the goal assuming on other deposits.

Let the lump sum be P.

The interest, I, on a rate, R%, per annum after T years is given by

                              I = PRT/100

The amount, A, is

      A = P + I = (1 + RT/100)

After 2 years at 4.5% interest rate, the amount is

A = P( 1 + 4.5 × 2 /100)

  = 1.09P

$7500 is added after 2 years. The principal for the beginning of the third year is then

                 1.09P + 7500

The amount after the next 3 years is

A = ( 1.09P + 7500) (1 + 4.5 ×3/100)

  = (1.09P + 7500) × 1.135

This is the amount expected to be saved.

5000 = (1.09P + 7500) × 1.135

Solving for P, we have

    1.09P + 7500 = 44052.86

⇒  1.09P = 36552.86

⇒ P = 33534.23

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If+the+original+interest+rate+was+9%,+and+the+new+interest+rate+is+now+8%,+then+by+what+percentage+of+the+total+gdp+did+the+budget+surplus+increase?

Answers

To calculate the percentage increase in the budget surplus, we need more information than just the change in interest rates. The budget surplus is influenced by multiple factors, such as government revenue and expenditures. Without additional information, we cannot determine the specific impact of the interest rate change on the budget surplus.

The interest rate change alone does not provide sufficient details about the budget surplus or the GDP. Additionally, the relationship between the interest rate and the budget surplus is not straightforward.

The budget surplus is typically influenced by factors such as government spending, tax revenue, and economic conditions. To accurately determine the percentage increase in the budget surplus, we would need data on the initial and current budget surplus figures, as well as the total GDP for both periods. Without these specifics, it is not possible to provide an accurate percentage increase.

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Has this white's video prompted you to make any changes in the way that you view or manage your personal finances? Do you think it will impact how you handle your personal finances in the future? Explain.

Answers

The video by Elizabeth White should prompt people to make a change in how they handle their finances as it shows how easily our finances can take a turn for the worst.

Why should be manage our personal finances effectively?

In this TED Talk, Elizabeth White talks about how her's and the Boomer generation's personal finances are in never ending trouble and how they are being blamed for not planning their finances well.

It shows how easily things can change for the worst financially as Elizabeth White went through a tough time.

This shows that it is important to take stock of our finances such that we won't go through what she did and be able to survive financial emergencies. We can do this by saving up and talking to financial planners.

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if brand starts 2021 with 10000 in reatinaed earning and during 2021 decalred 4000 of dividens what value will the company report on its balance hseet g

Answers

After declaring $4,000 in dividends, the company's balance sheet will show a retained earnings value of $6,000. This represents the company's net worth that has not been distributed to its shareholders as dividends.

In this scenario, the company starts 2021 with $10,000 in retained earnings and declares $4,000 in dividends during the year. Retained earnings represent the accumulated net income of a company that is not distributed as dividends to shareholders. Dividends are the payments made by a company to its shareholders from its profits.

When a company declares dividends, it reduces the retained earnings by the amount of dividends declared. In this case, the company will reduce its retained earnings by $4,000, resulting in an updated retained earnings balance of $6,000 ($10,000 - $4,000).

On the company's balance sheet, retained earnings are reported in the equity section, as they represent the part of the company's net worth that is attributable to its owners. The company will report a retained earnings value of $6,000 on its balance sheet for 2021, reflecting the reduction due to the dividend declaration.

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In some ways, a debit card is more vulnerable to theft than cash or a checkbook. Explain how this is so. << Read Less

Answers

A debit card is more vulnerable because its contained value are sometimes high.

A debit card is a card issue to a bank account owner to enable easy access to money.

This card works by deducting money directly from the owners checking account with a bank.

A debit card can also be termed a money because its contains value and can be used pay for transaction at any point of sales.

The debit card are more vulnerable because the value therein may be large, so, fraudsters target stealing the card rather than stealing cash or checkbook.

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What is globalization?

Answers

Globalisation is the growing interconnectivity of the world through the use of trade, travel and media.

A very large company would be most likely to have a(n)\ at the head of its accounting department.

Answers

Answer:

the answer is

CHIEF FINANCIAL OFFICER

Kruger Heavy Machine Inc. has an opening cash balance of $2,000. During the year, it purchased raw materials worth $5,000, sold goods worth $10,000, and paid office rent of $4,000. What is the company’s closing cash balance that it will carry forward into the next year?

A.
$9,000
B.
$3,000
C.
$7,000
D.
$6,000

Answers

Answer:

the answer is B. $3,000

Explanation:

basically you do

2000-5000= -3000

-3000+10,000=7000

7000-4000=3000

Which type of borrowing option would most likely result in the borrower
paying the highest amount of interest?
A. A card with a high compound interest rate
OB. A card with a low simple interest rate
ООО O
C. A card with a low compound interest rate
D. A card with a high simple interest rate

Answers

Answer:

A. A card with a high compound interest rate

Explanation:

it is most likely to result in the borrower

Sally wants to use money from her checking account to make a purchase. Which payment method should she use? Question 4 options: Credit Card Debit Card Direct Deposit Gift Card

Answers

Answer:

Sally should use the following payment method:

Debit Card.

Explanation:

Sally's debit card will deduct money directly from her checking account to pay for the purchase. With debit cards, Sally does not need to carry cash or physical checks in order to make payments for her purchases.  Another payment method she could use with her checking account is a check.  But this will involve the carrying of the physical checks.  Credit Cards are used when purchases are being made on credit.  In such a case, Sally will pay interest on the borrowed cash she uses to purchase items, and she will need to make deposits into the account to clear her loans.

What channel intermediary does not take title to products, but instead brings a seller and buyer together?.

Answers

Answer:

It would be the agent by definition.

Answer:

an agent.

Explanation:

a real estate agent does not physically own the properties, but helps bring in consumers who want to purchase the home.

please rate and mark as brainlest.

please help me ill give brainliest to anyone who does this right:3

please help me ill give brainliest to anyone who does this right:3

Answers

You chose what career you want and you write information about it

the end product of both the intrinsic and extrinsic clotting pathway is fibrin. True or false?

Answers

True. The end product of both the intrinsic and extrinsic clotting pathways is fibrin.

These two pathways are part of the coagulation cascade, which is a series of reactions that ultimately leads to the formation of a blood clot. In both pathways, a series of enzymatic reactions occur, leading to the conversion of fibrinogen (a soluble protein) into fibrin (an insoluble protein). Fibrin forms a mesh-like network that helps in the formation of a stable blood clot, preventing excessive bleeding. Therefore, fibrin is the common end product of both the intrinsic and extrinsic clotting pathways.

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Question 17 (8 points)
Products that have high quality and a low price are considered to
O a
be a better value.
Ob
Oc
Od
be overpriced
be a rip-off
not exist.

Answers

Products that have high quality and a low price are considered to be a better value. This is because customers are always looking for ways to get the most out of their money and finding products that provide high quality at a reasonable price is the best way to do that. The correct option is a.

When a product is priced too high, it is considered overpriced and customers will often look for alternatives that offer the same quality at a lower price. This is why many companies are constantly striving to find ways to reduce costs without sacrificing quality. On the other hand, products that are priced too low may be seen as a rip-off or of low quality. Customers may assume that the product is not worth their money and opt for a higher-priced alternative that they believe is of better quality.

Overall, finding the right balance between price and quality is crucial for companies to provide customers with a better value. This means that they need to offer high-quality products at a reasonable price that customers are willing to pay. When this is achieved, both the company and the customer benefit. The company gains loyal customers and a positive reputation while the customer gets a product that meets their expectations and provides them with a good value for their money. The correct option is a.
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What is one advantage corporations have over other types of businesses?
O A. Corporations are the easiest businesses to set up.
B. Corporations have a nearly unlimited life span.
C. Corporations have fewer legal regulations to follow.
O D. Corporations are controlled by only one person.
SUBMIT

Answers

Answer:

B

Explanation:

ONE advantage corporations enjoy over other business forms is B. Corporations have a nearly unlimited life span.

Corporations do not cease to operate if one or some of the owners die. Each stockholder's shares are transferable by inheritance or sale. Corporations enjoy perpetual existence.

Other advantages of corporations over other business forms are:

Shareholders enjoy the protection of personal liability (limited liability of ownership)Shareholders have a business that is professionally managedThe business type has easy access to funds.

Unfortunately, corporations are not the easiest to form because of the rigid formalities accompanying their formation and management. Shareholders suffer double taxation because the corporation pays taxes as an entity, and shareholders pay another tax when they receive dividends. The legal regulations are many and time-consuming.

Thus, the unlimited life span of corporations makes them the best form of business since control and ownership of a corporation are not limited to one individual.

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in which situation is a country most likely to choose a fixed exchange rate for its currency

Answers

Probably the best reason to adopt a fixed exchange rate system is to commit to a loss in monetary autonomy. This is necessary whenever a central bank has been independently unable to maintain prudent monetary policy, leading to a reasonably low inflation rate.


most likely the best motivation to embrace a proper conversion scale framework is to focus on a misfortune in money related independence. This is fundamental at whatever point a national bank has been freely unfit to keep up with judicious money related strategy, prompting a sensibly low expansion rate.

why can herbal industry florish in nepal? give reason​

Answers

The herbal industry in Nepal can flourish because of the widespread availability of medicinal herbs, plants, and shrubs endemic to the country's terrain.

Other reasons-

Additionally, the traditional system of medicine that has been practiced in Nepal for centuries provides an established market for medicinal plants. Furthermore, Nepal is located in a region known for its abundance of biodiversity, providing many natural resources which can be used for the expansion of this industry.

Herbs, usually found at altitudes above 3,000 meters, are thought to be rich in natural chemicals. “Because there is no mechanism to label and provide specifications, the country loses huge revenue potential every year,” Bhandari said, adding that the turmeric found in Nepal could be used as a food product if attention is paid to packaging and marketing, added that it can also secure a good market in Europe.

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What interests should an entrepreneur have?

Answers

An entrepreneur is someone who starts or runs their own company. An entrepreneur who owns equity in the company gain far more profit if things go well, but they assume significantly more risk than a standard employee.

Entrepreneurial risk can manifest itself in a variety of ways, such as financial risk, career risk, emotional risk, or general business risk.

An entrepreneur typically needs a highly specific set of abilities to succeed because there is so much on the line when it comes to launching and expanding a successful firm. Five of these qualities are highlighted below.

Every economy needs entrepreneurs because they have the ability and initiative to foresee demands and market viable new ideas. Profits, notoriety, and prospects for ongoing expansion are given to entrepreneurialism that succeeds in assuming the risks involved in founding a startup. Failure in entrepreneurship costs the participants money and reduces their visibility in the market.

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find the expected change in annual operating income by dropping the meteorite product and selling only the kryptonite product.

Answers

The new total operating income for Kryptonite will be $89,000, which is a $73,000 increase from the previous total operating income of both products due to a decrease in expenses and an increase in sales revenue.

To find the expected change in annual operating income, we need to compare the total operating income of both products before and after dropping Meteorite. The total operating income for both products is calculated by subtracting total operating expenses from gross margin.

For Kryptonite, the total operating income is $16,000 ($110,000 - $94,000) and for Meteorite, the total operating income is -$7,000 ($160,000 - $167,000).

If the firm drops the Meteorite product, it will save all variable and fixed selling and administrative expenses associated with that product, which are $59,000 and $18,000, respectively. The fixed corporate costs will remain unchanged.

Therefore, the new total operating income for Kryptonite will be $89,000 ($200,000 - $90,000 - $60,000 - $22,000), which is a $73,000 increase from the previous total operating income of both products. This increase is due to the decrease in fixed and variable selling and administrative expenses, as well as the increase in sales revenue.

In summary, dropping the Meteorite product and only selling Kryptonite is expected to increase the firm's annual operating income by $73,000.

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Complete Question:

Luther Company, located in Largeville, Kansas (USA), is a retailer of durable, light-weight luggage products known for their high-quality and innovation. Recently, the firm conducted a relevant cost analysis of one of its product lines that has only two products, Kryptonite and Meteorite. Sales for Meteorite are decreasing, while purchase costs increasing. The firm is considering dropping the Meteorite product and only selling Kryptonite. Luther Company allocates fixed costs (both corporate and selling/administrative) to products based on sales revenue. When the president of the company saw the product-line income statements (presented below), he agreed that the Meteorite product should be dropped. If this is done, sales of Kryptonite are expected to increase by 15% next year; the firm's cost structure will remain the same.

Kryptonite Meteorite

Sales $ 200,000 $ 320,000

Cost of goods sold (all variable) 90,000 160,000

Gross margin 110,000 160,000

Operating Expenses:  

Fixed corporate costs 60,000 90,000

Variable selling and administrative expenses 22,000 59,000

Fixed selling and administrative expenses 12,000 18,000

Total Operating Expenses 94,000 167,000

Operating income (loss) $ 16,000 $ (7,000)

Required: Find the expected change in annual operating income by dropping the Meteorite product and selling only the Kryptonite product.

Jose gross weekly salary as a logger is $630. He pays 6.2% Social Security tax, 1.45% Medicare tax, and $14.20 for health insurance. What is Jose monthly net pay?

Answers

Answer:

$568

Explanation:

Gross salary = $630

Social security tax = 6.2%

Medicare tax = 1.4%

Health insurance = $14.20

We add up what is paid as tax

= 6.2 + 1.4 = 7.6%

7.6% of $630

= 0.076 x 630

= $47.88

So he pays tax of 47.88 dollars from his gross salary

We add his tax to what he pays for health insurance

= 47.88 + 14.20

= $62.08

the formula for net pay:

gross salary - deductions

= $630 - $62.08

= $567.92

this is approximately $568

thank you!

Mary is purchasing air tickets for traveling to Europe in the December holidays. She books a ticket for $700 roundtrip with Delta Airlines to France but the next day her colleague informs her about a connection using two different airline service providers AirFrance and RyanAir which takes a shorter time and has no switching costs. She quickly changes her booking to the new connection her colleague showed her. What does this tell you about the bargaining power of buyers in the airline industry

Answers

The thing which can be noted about the bargaining power of the airline industry is that it is high.

What is Bargaining Power?

This refers to the ability of a firm to have some measure of influence over another through its power of labor.

With this in mind, we can see that based on the given situation of Mary buying tickets to travel, she has different choices to make based on the pricing system and this shows that the buyer's bargaining power is high.

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Which of the following statements is true of Milton Friedman's view of the corporate world?
Answers:
a) Friedman argues that it is not considered unethical for a corporation to just deliver the profits of the company to the society rather than delivering it to its investors.
b) Friedman's theory that a company no longer requires senior executives to be accountable to the board of directors has been a crucial turning point in the business world.
c) Friedman's position illustrates that an organization has a social responsibility that goes beyond serving the interests of their stockholders.
d) Friedman argues that, as an employee of the corporation, a manager has an ethical obligation to fulfill his role in delivering on the expectations of his employers.

Answers

The true statement of Milton Friedman's view of the corporate world is d) Friedman argues that, as an employee of the corporation, a manager has an ethical obligation to fulfill his role in delivering on the expectations of his employers.

Friedman believed that a corporation's primary responsibility was to maximize profits for its shareholders, and that managers had an ethical obligation to act in their best interests.

He did not believe that corporations had a broader social responsibility beyond this goal.

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what is the most prevalent opportunity within most companies to commit fraud? a) weaknesses in the design of internal controls 20) b) failure by management to enforce the internal controls c) lack of internal controls designed by management d) management's belief that most employees would not commit fraud

Answers

Correct answer is option C. Lack of internal controls designed by management is the most prevalent opportunity within most companies to commit fraud.

Internal control is a process carried out by a company's board of directors, management, and other employees that is intended to do is provide reasonable assurance: That information is trustworthy, correct, and timely.

In terms of adhering to applicable laws, regulatory requirements, contracts, policies, and procedures. In terms of the dependability of financial reporting Internal controls are designed to prevent mistakes and irregularities, identify problems, and ensure that appropriate corrective action is taken.

Many times, process owners in your department perform restrictions and communicate with the control structure on a regular basis, without even realising it because controls are built in to the operations.

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4. You are about to graduate from the MBA program of a leading university. You specialized in management information systems (MIS) and will start a job with a company that commercially develops Web pages. You own a personal computer that is a couple of years old. You have decided to sell it and buy new equipment later after you see what kind of projects your employer has you working on. So you post a flyer on campus bulletin boards about the computer for sale. You have decided not to tell prospective buyers that you hand drive acts as its about to fail and that the computer occasionally crashes without warning. Is this ethical? Would you be likely to do this if you were this particular student?

Answers

Answer:

No, this is not ethical.

Explanation:

Ethics is moral principle which governs a person. A person is ethical if he considers benefit for others and his acts or thoughts does not harm anyone. In the given scenario the person is trying to sell his old computer which has many issues. These are not listed in the flyer. If the person does not want to list the issues then he must tell to specific buyer when he comes to buy the computer. He must tell all the faults and problems to the potential buyer.

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His choices for the loan are a 5-year loan at 8.00% interest compounded annually and a 6-year loan at 9.00% interest compounded annually. What is the difference in the amount of interest Kieth would have to pay for these two loans? the same data can be provided to you in many different ways. below are four extracts of the same data. the first extract is properly formatted for import into the company database. notice, that this extract uses a pipe delimiter, puts each unique record on a different row, and uses text qualifiers of a single quote when commas are present. your task is to discuss how to transform the other extracts so they can be imported into the company database. Consider the set S = (v = (1,0,0), v = (0, 1,0), v3 = (0, 0, 1), v4 = (1, 1,0), vs = (1, 1, 1)). a) Give a subset of vectors from this set that is linearly independent but does not span R. Explain why your answer works. b) Give a subset of vectors from this set that spans R but is not linearly independent. Explain why your answer works. A successful business man and business women why should entrepreneurs operate under the conditions of perfect market The cost of five homes in a certain area is given, $165,000 $173,000 $187,000 $152,000 $1,239,000 List any outlier(s). a. $165,000 b. $165,000 and $1,239,000c. $1,239,000 d. There are no outliers. Im trying to figure out what I did wrong but the more I stare at it the more my head hurts. I am getting a "Syntax error on token "}", { expected" import java.util.HashMap;public class Assign5 { private String gamePlayed; private HashMap < String, Integer > players; public Assign5() { gamePlayed = ""; players = new HashMap < String, Integer > (); } public Assign5(String game) { this(); setGame(game); } public void addName(String name) { players.put(name, 0); } public String getPlayerName(int playerNumber) { int i = 1; for (String name: players.keySet()) { if (i == playerNumber) { return name; } i++; } return null; } public void setGame(String game) { gamePlayed = game; } public String getGame() { return gamePlayed; } public int addScore(String playerName, int points) { int currentScore = players.get(playerName); currentScore += points; players.put(playerName, currentScore); return currentScore; } public int subScore(String playerName, int points) { int currentScore = players.get(playerName); currentScore -= points; players.put(playerName, currentScore); return currentScore; } public void listAllScores() { System.out.println("Game: " + gamePlayed); for (String name: players.keySet()) { System.out.println(name + ": " + players.get(name)); } }}//******************* Section 2 class Baseball extends Assign5 { private int fouls; private int balls; private int strikes; private int outs; private double inning; public Baseball() { super(); fouls = 0; balls = 0; strikes = 0; outs = 0; inning = 1.0; } public Baseball(String homeTeam, String visitingTeam) { super(); setGame(homeTeam + " vs " + visitingTeam); addName(homeTeam); addName(visitingTeam); fouls = 0; balls = 0; strikes = 0; outs = 0; inning = 1.0; } public void advOuts() { outs++; if (outs == 3) { fouls = 0; balls = 0; strikes = 0; outs = 0; inning += 0.5; } } public int getOuts() { return outs; } public void advStrikes() { strikes++; if (strikes == 3) { advOuts(); } } public int getStrikes() { return strikes; } public void advFouls() { fouls++; if (strikes < 2) { strikes++; } } public int getFouls() { return fouls; } public void advBalls() { balls++; if (balls == 4) { fouls = 0; balls = 0; strikes = 0; } } public int getBalls() { return balls; } public double getInning() { return inning; } } //********** Syntax Error here // Section 3: Testing Base ClassSystem.out.println("Assessment 10 - Classes and Inheritance\n");System.out.println("Section 3: Base Class Results After Adding\n");Assign5 gameOne = new Assign5("Canasta");gameOne.addName("Larry");gameOne.addName("Moe");gameOne.addName("Curly");System.out.println();gameOne.addScore("Larry", 20);gameOne.addScore("Moe", 35, "Curly");gameOne.addScore("Curly", 45);gameOne.listAllScores();gameOne.subScore("Moe", 15);gameOne.subScore("Curly", 5);System.out.println("\nSection 3: Base Class Results After Subtracting\n");gameOne.listAllScores();System.out.println("\n\n");public class BaseballTester { public static void main(String[] args) { System.out.println("Section 4: Derived Class Results: Baseball scoring\n"); Baseball gameTwo = new Baseball("Cubs", "Braves"); gameTwo.addScore("Cubs", 2); gameTwo.advOuts(); gameTwo.advOuts(); gameTwo.advOuts(); gameTwo.addScore("Braves", 3); gameTwo.advOuts(); gameTwo.advStrikes(); gameTwo.advFouls(); gameTwo.advFouls(); gameTwo.advFouls(); gameTwo.advBalls(); gameTwo.listAllScores(); System.out.println(); System.out.println("Current Inning: " + gameTwo.getInning()); System.out.println("Current Outs: " + gameTwo.getOuts()); System.out.println("Current Strikes: " + gameTwo.getStrikes()); System.out.println("Current Fouls: " + gameTwo.getFouls()); System.out.println("Current Balls: " + gameTwo.getBalls()); }}}} If a test of hypothesis has a Type I error probability (alpha) of 0.01. it means that O If the null hypothesis is false, you don't reject it 1% of the time. O if the null hypothesis is true, you reject it 1% of the time. O if the null hypothesis is true, you don't reject it 1% of the time. O if the null hypothesis is false, you reject it 1% of the time. Solve the equation 3+ sqrt( x-1)= x algebraically. Check for extraneous roots 1.Fill in the code to complete the following method for checking whether a string is a palindrome.public static boolean isPalindrome(String s) {return isPalindrome(s, 0, s.length() - 1);}public static boolean isPalindrome(String s, int low, int high) {if (high