Floyd and Merriam start a partnership business on June 12, 2019. Their capital account balances as of December 31, 2020 stood as follows: Floyd $ 49 comma 000 Merriam 16 comma 000 They agreed to admit Ramelow into the business for a oneminusthird interest in the new partnership. Ramelow contributes $ 18 comma 000 cash in exchange for the partnership interest. Floyd and Merriam share profits and losses equally before the admission of Ramelow. What is the correct capital account balance of Ramelow after he enters the business? (Do not round intermediate calculations. Round the final answer to the nearest dollar.)

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.