Question

can you answer these questions

Though it is seen as a last resort, bankruptcy allows a consumer to

temporarily stop paying debts.
eliminate certain types of debt.
easily reestablish good credit.
receive credit in an emergency.

An annual percentage rate, or APR, represents how much

interest is paid over a year.
interest is paid over many years.
principal is paid over a year
principal is paid over many years.

Which of these is not a main advantage for a business joining a cooperative?

Lower costs for purchasing supplies
Pooling products for better selling prices
Sharing costs for needed services
Having a larger vote than smaller companies

The graph shows a point of equilibrium.

A graph titled Daily Market for Graphic Tees at the Clothing Shop has Quantity supplied on the x-axis, from 0 to 50 in increments of 10, and price in dollars on the y-axis, from 0 to 18 in increments of 2. A line that represents supply has a positive slope and a line that represents demand has a negative slope. The lines intersect at point (30, 9).

What is the price at which equilibrium is achieved?

$8
$9
$10
$30

Embargoes, quotas, and standards are tools that countries use

to reduce exports.
to punish other countries.
to restrict imports.
to raise prices of domestic goods.

Answer 1

1. eliminate certain types of debt. — Bankruptcy can discharge (eliminate) certain debts.
2. interest is paid over a year. — APR is the annual rate of interest.
3. Having a larger vote than smaller companies — Cooperatives don’t give larger votes to bigger members; they share benefits like lower costs, pooling, and shared services.
4. $9 — equilibrium at the intersection (30, 9), so price = $9.
5. to restrict imports. — Embargoes, quotas, and standards are import-restriction tools.