Which of the following is characteristic of a traditional economy? 0 They have a high standard of living.

0 Children tend to have the same job as their parents did.

0 Communities tend to be fast growing.

0 There are usually based on light industrial production.

Norton manufacturing expects to produce 2,900 units in january and 3,600 units in february. norton budgets $20 per unit for direct materials. indirect materials are insignificant and not considered for budgeting purposes. the balance in the raw materials inventory account (all direct materials) on january 1 is $38,650. norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. desired ending balance for february is $51,100. what is the cost of budgeted purchases of direct materials needed for january? $58,000 $65,200 $26,550 $25,150

The simple interest in a loan of $200 at 10 percent interest per year is

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak