"susan lists her home with broker william for $90,000 on march 16. on august 1, henry makes an offer of $85,000, accompanied by a binder deposit of $5,000, and asks the seller to pay points on a new loan of $80,000. susan counters at a price of $87,500 and agrees to pay four points on a loan of $82,500. henry accepts. henry qualifies for the loan at an interest rate of 9% and agrees to pay a 1% origination fee. the monthly payment for principal and interest is $663.81. henry also will be charged for prepaid interest for the balance of the month of closing. the closing date is september 15, and henry is charged for the day of closing. henry will purchase an insurance policy for $720. city and county taxes are $760. susan agreed to pay her own attorney's fees of $125. henry must pay $130 for attorney's fees, $56 to record the mortgage, $6 to record the deed, and $640 for title insurance. the payoff on susan's existing mortgage will be $64,455.16 on the day of closing. broker william's fee is 6%. doc stamps and intangible taxes are paid according to custom. use the 365-day method for prorations. how are the documentary stamp taxes on the deed handled on the closing statement? "

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

being suspected of supplying drugs means you are much more likely to be charged. the amount of drugs found on you, and whether you have a criminal record, will be taken into account when a punishment is being decided.

decisions to prosecute are taken by the public prosecution service. the maximum sentences for intent to supply drugs are:

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