False, There is no need for the government to have a big economic role.
What does "economic" mean in its simplest form?Economics is the investigation of shortages and its effects on the use of assets, the production of products and services, the growth of productivity and welfare through time, and a wide range of other complicated issues of essential significance to society.
Why do we study economics?Economics education aids in a person's comprehension of their environment. It enables individuals to comprehend others, organizations, markets, and governments, enabling them to better adapt to risks and opportunities that arise as circumstances change.
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lucy quit her job because she was unhappy at work. genevieve was fired because she frequently surfed the internet rather than working on her assigned tasks. who is eligible for unemployment insurance benefits?
neither Lucy nor Genevieve is eligible for unemployment insurance benefits
What is unemployment insurance benefits?For qualified workers who lose their jobs, unemployment insurance benefits offer a temporary source of income. The New York State Department of Labor office oversees the benefits. Employers cover a share of the perks. For this program, there are no withholdings made from an employee's paycheck. Workers who are jobless due to no fault of their own, capable, accessible, and actively looking for work as directed, receive financial aid under the UI program. Benefit eligibility requirements are established by law. These regulations are handled by the EDD. For employees who lose their jobs for no fault of their own, the Unemployment Insurance Program, or UI, offers weekly unemployment insurance benefits.To learn more about unemployment insurance refer to:
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candy originally marketed as a smoking cessation aid. True Or False
PEZ was once only marketed to adults because it was initially designed to aid smokers in quitting their habit. Usually, the early advertising featured racy pinup females in an effort to appeal to an older audience.
What did PEZ candy's initial advertising say?In the 1920s, Edward Haas III created PEZ in Vienna, Austria. The name was derived from the letters in the peppermint-sounding German word pfefferminz. In 1935, Haas erected a plant in Czechoslovakia and first advertised his product to adults as a breath freshener and a substitute for cigarette smoking.
How did PEZ differ from smoking?The sweets were initially packaged in metal tins or foil-wrapped paper rather than dispensers. Haas aimed to develop a tablet computer that would.
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the cost of a stove to a store owner was , and she sold the stove for . step of : what was her percent of profit based on cost? follow the problem-solving process and round your answer to the nearest hundredth if necessary.
She made a 12.727% profit based on her cost of goods sold (620 selling price less 550 cost) per 550 cost. Cost is the amount of money required to purchase something.
A company's cost is the amount of money it had to spend to create its goods or services. It is calculated as the sum that the business spends to create a specific number of a product. Simply put, it is the cash that a business spends on things like labour, services, raw materials, and other costs. A cost is the worth of money that has been used to produce something or provide a service and is thus no longer accessible for use in production, research, retail, and accounting. In the case of an acquisition cost, the money spent on the acquisition is considered the cost.
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Review a few of the major employment categories below. In order
to reference the pay series and grade from the GS Rating System,
in which category does the Government Publishing Office
belong?
0100 - Social Science, Psychology, and Welfare Group
0200 Human Resources Management Group
0500 - Accounting and Budget Group
1200 Copyright, Patent, and Trademark Group
1000 Information and Arts Group/2200 - Information Technology Group
1700 - Education Group/0900 - Legal and Kindred Group
1900-Quality Assurance, Inspection, and Grading Group/
Employees who work on contract basis but are not paid by firm are known as independent contractors. Being independent allow opportunity to create special schedule and do tasks at speed that works.
What is a contract?A written agreement between two or more parties that specifies each party's particular, legally binding rights and obligations is known as a contract. The principle that promises made in a contract must be maintained serves as the cornerstone of contract law, the branch of the law that deals with obligations resulting from contracts. In order for a contract to be valid, common law jurisdictions frequently require consideration to be included in it, whereas civil law jurisdictions and the majority of mixed-law countries only need a meeting of the minds between the parties. Within the broad category of civil law jurisdictions, there are many different varieties of contract law, each with its own special standards: the distinct notion of abstraction, which is a defining feature of German tradition.
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which of the following statements about capitalizing costs is correct? group of answer choices capitalizing costs refers to the process of converting assets to expenses. only the purchase price of the asset is capitalized. capitalizing a cost means to record it as an asset, not as an expense. capitalizing costs results in an immediate decrease in net income.
The correct statement is (c) capitalizing a cost means to record it as an asset, not as an expense.
A cost or expense is capitalized when it is recorded on the balance sheet with the intention of postponing the expense's full realization. In general, capitalization costs is advantageous since businesses can amortise or depreciate them when they incur new assets with long lifespans. Capitalization is the term for this action. The idea of turning an idea into a company or investment is another example of capitalization. Capitalization in finance is a numerical evaluation of a company's capital structure. It can also indicate to commercialise when used in this manner. In corporate accounting, capitalization is utilized to match the timing of cash flows.
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which of the following assets would be transferred by applicable intestate succession statutes at an intestate decedent's death? a) assets the decedent gifted prior to death in which she had no retained interest at death b) assets that she owned and had made a payable on death (pod) designation prior to her death c) an asset in which the decedent held a tenancy in common interest at death d) an income interest at death in the assets of an irrevocable trust that she established and funded
Assets would be transferred by applicable intestate succession statutes at an intestate decedent's death is an asset in which the decedent held a tenancy in common interest at death.
What type of assets are not subject to intestate succession?Assets that are not subject to intestate succession include property that is held in joint tenancy or tenancy by the entirety, life insurance proceeds, most retirement benefits, assets in a trust, and assets that are transferred during the decedent's lifetime to another owner. Additionally, assets that are owned by the decedent in a nonprobate form (such as a payable-on-death account or a transfer-on-death security) are not subject to intestate succession.In most states, the surviving spouse will receive a share of the decedent’s estate, even if the decedent did not have a will. However, there are some assets that are not subject to intestate succession and do not pass to the surviving spouse, including property acquired by the decedent during the marriage that was held as separate property, property that was acquired before marriage, or property that was gifted or inherited by the decedent during marriage. Any property that was owned solely by the decedent at the time of his or her death is not subject to intestate succession and will generally pass to the next of kin as determined by state law.To learn more about asset refer to:
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what does it mean when the irs accepts your refund?
Once your return has been evaluated and passed the IRS's initial examination, you will receive notification that they've accepted it.
A refunding firm is what?A refunding services is a scam operation in which a skilled refunder promises to get refunds for customers in return for a charge. Refunders often use social media and other digital channels to market their brands, and they use messaging applications to communicate with their customers.
How long does it take to refund the amount?Typically, it takes three to seven days max for a reimbursement to be completely processed, although this might change depending on the circumstance. The credit issuer has a big impact on how fast the transaction unfolds.
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Being a manager can be one of the greatest avenues to a meaningful life, particularly if the manager ____ is working within a supportive or interesting organizational culture.
One of the best paths to a fulfilling existence can be management, especially if somehow the manager is part of an inspiring or engaging company culture.
what it entails to be a manager?The traditional definition of a manager only includes the coordination of other people's actions. Managers just coordinate other people's efforts to achieve goals.
What is a manager's primary objective?Maintaining the essential quality standards for the firm is one of management's fundamental goals. To establish, implement, and sustain quality, the team works in conjunction with other departments, managers, and staff members.
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what would the npv of the above project be if the inflation rate was expected to be 4% in each of the next four years?
The NPV of the above project would be around $14,972.75.
The NPV of a project can be calculated using the following formula:
NPV = [tex](CF1 / (1 + r)^1) + (CF2 / (1 + r)^2) + (CF3 / (1 + r)^3) + (CF4 / (1 + r)^4) - C[/tex]
Where:
CF1, CF2, CF3, CF4 = cash flow for year 1, year 2, year 3, year 4 respectively.
r = discount rate (in this case, the inflation rate)
C = initial investment
Given that the inflation rate is 4% in each of the next four years,
the CF1, CF2, CF3, CF4 = $20,000, $25,000, $30,000, $50,000.
C = $75,000
so, NPV = (20000 / (1 + 0.04)^1) + (25000 / (1 + 0.04)^2) + (30000 / (1 + 0.04)^3) + (50000 / (1 + 0.04)^4) - 75000
After calculating the above equation, the NPV of the above project would be around $14,972.75, assuming the inflation rate was expected to be 4% in each of the next four years. This means the project is profitable and providing a good return on investment.
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The complete question is:
A recent project nominated at your company has a four-year cash flow of $20,000; $25,000; $30,000, $50,000. The cost of the project is $75,000.what would the npv of the above project be if the inflation rate was expected to be 4% in each of the next four years?
randy established a trust, reserving in himself the power to terminate the trust if he is not satisfied with its operation. after two years, the power to terminate the trust expires. randy transferred commercial real estate into the trust and specified that the income be payable annually for the benefit of his adult daughter, michelle. randy died one year after creation of the trust instrument. one estate tax implication for randy of this trust is that the trust property is a) included in his estate because a family member is receiving a benefit from the trust. b) included in randy's estate because he still had the power to terminate the trust at his death. c) not included in his estate because a transfer for the benefit of a minor is exempt from tax. d) not included in his estate because the power to terminate the trust eventually expires.
One estate tax implication for randy of this trust is that the trust property is included in randy's estate because he still had the power to terminate the trust at his death.
When Randy established a trust reserving in himself the power to terminate?
When Randy established a trust reserving in himself the power to terminate, he created what is known as a revocable trust. This type of trust allows the grantor (in this case, Randy) to change or revoke the trust at any time.
The trust assets are still owned by Randy, and he can take control of them at any time. He can modify the terms of the trust, or even revoke it entirely, without the permission of the beneficiaries.
This type of trust is often used when someone wants to keep control over their assets while they are still alive, while also providing for distribution of assets to beneficiaries after death.
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grace food company contribution income statement for the month of october corn flakesfrosted flakestotal amountpercentamountpercentamountpercent sales$ 2,000,000100%$ 500,000100%$ 2,500,000100% variable expenses800,00040%0,00050%1,050,00042% contribution margin$ 1,200,00060%$ 250,00050%1,450,00058% fixed expenses 870,000 net operating income $ 580,000 knowledge check 01 what is the amount of the break-even sales for grace food company? multiple choice $1.2 million $2.2 million $2.0 million $1.5 million
The amount of break even sales will be $1.5 million.
What is break-even sales?The revenue level at which a company makes no profit is known as break even sales. This sales figure completely covers all of the variable expenses related to the sales as well as the business's underlying fixed costs.Calculation of the amount of the break-even sales for Grace Food Company:
Sales mix calculation will be:
Corn Flakes = $2,000,000/$2,500,000
= 0.80,
Frosted Flakes = $500,000/$2,500,000
= 0.20.
Calculation for the Contribution margin ratio will be:
(60%) × (0.80) + (50%) × (0.20) = 58
calculation for the Break-even point will be:
Break even point= Total Fixed Costs/Overall Contribution margin ratio
Hence,
$870,000/0.58= $1.5 million.
Therefore amount of break even sales will be $1.5 million.
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an investment adviser has just submitted a u-4 registration application for a newly hired salesperson to be registered as an investment adviser representative of the firm. this individual can start soliciting potential clients: a immediately because the u-4 application has been filed with the state b once the appropriate licensing test has been passed c once the state administrator approves the application d once the appropriate licensing fee has been paid
An investment adviser has just submitted a u-4 registration application This individual can start soliciting potential clients: Once the state administrator approves the application.
Option C is correct.
What is registration for U4?The uniform application for registration or transfer in the securities industry is Form U4. To become registered in the appropriate jurisdictions and/or SRO, representatives of broker-dealers, investment advisers, or issuers of securities are required to use this form.
Investment adviser :An individual or business is an investment adviser if they are paid to advise clients on securities. Investment advisers and financial advisors are not the same thing, despite the terms sounding similar.
Why is an investment advisor necessary?According to Lawrence, "a financial advisor can assist you in thinking about the ways you could put that money to work toward your personal and financial goals." You should consider how much you could put toward paying off existing debt and how much you could put into investments for a more secure future.
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a company is researching motherboards for a small / compact low-end system they are designing to be used in a home theater system. which motherboard form factor is the company most likely to use?
Low-end computers and home theater systems have small form factors. The boards are occasionally bought and frequently used with an Intel atom CPU.
What kind of form factor are employed in budget computers and home theater systems?MiniITX
MiniITX: miniATXform factor; motherboard dimensions are 6.7" x 6.7" (170mm x 170mm). lower-end computers and home theater systems employ a smaller form factor. The boards are commonly purchased as a motherboard-processor combo device and are used with an Inerbtel Atom CPU.
Which motherboard form factor enables low-consumption power supplies?Mini-ITX motherboards are made for compact, low-power computers. Some Mini-ITX motherboards are made to work with 100 watt power sources.
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what impact would an increase in net income have on a firm's retained earnings if the firm did not pay a cash dividend?
The method a firm uses to distribute its profits to its shareholders is what distinguishes net income from dividends.
Does net income include cash dividends?A company's net income or profit are unaffected by stock and cash dividends. Dividends, on the other hand, have an effect on the shareholders' equity area of the balance sheet.
The difference between net income and dividends is how a corporation shares its profits with its shareholders. All companies desire to generate revenue, and the more the better. Dividends are a common way for public firms to give their shareholders a piece of the profits they make.
A company's income statement is unaffected by cash dividends. However, they reduce the cash balance and shareholders' equity by the same amount in a corporation. Any cash dividend must be disclosed by companies as payments in the area of their cash flow statement devoted to financing activities.
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how long after your federal taxes are accepted to get refund?
The Refunds are normally processed by the IRS for electronic files with direct transfer within 21 days. Refunds by paper check could take longer to arrive.
Why does IRS exist?The United States federal government's revenue service, the Internal Revenue Service (IRS), is in charge of collecting federal taxes and overseeing the Inland Revenue Code, the major body of federal statutory tax law.
What does the IRS actually do?The IRS's objective is to provide top-notch service to American taxpayers by assisting them in understanding and meeting their tax obligations and in the fair and impartial enforcement of the law.
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which statement correctly describes a feature of a charitable split-interest trust? a) crats and cruts are both revocable trusts. b) a charitable lead unitrust (clut) provides a periodic payment to the grantor that increases each year, provided that the assets in the trust appreciate in value. c) a grantor who transfers $1,000,000 to a grantor trust with a qualified charity as the remainderman and receives a $40,000 annuity each year is eligible for an immediate income tax deduction. d) a charitable lead annuity trust (clat) provides a fixed-income stream to a charity.
b) In the event that the trust's assets appreciate in value, a charitable lead unitrust (clut) will make the grantor a payment that grows annually.
What exactly are split-interest trusts?In essence, split-interest trusts are hybrid trusts. having beneficiaries who are both charitable and not charitable.
What advantages does a charitable lead trust provide?An irrevocable trust known as a charitable lead trust is intended to provide financial support to one or more charitable organizations for a specified amount of time, with the remaining assets eventually going to beneficiaries such as family or other individuals. A charitable remainder trust and a charitable lead trust are often compared to each other.
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if a car dealership offers a 0% financing offer when someone purchases a new car, the special finance rate is known as . if a car dealership offers a 0% financing offer when someone purchases a new car, the special finance rate is known as . an incentive an oligopoly a monopoly a conglomerate
an incentive. If a car dealership provides 0% financing when a customer buys a new vehicle The special finance rate is referred to as an incentive if a car dealership provides 0% financing when someone buys a new automobile.
A car dealership is a company that sells new or used vehicles. It is sometimes referred to as an auto dealership or car lot. These dealerships frequently provide a wide range of automobiles, and some of them may focus on a particular brand or model. To assist clients in purchasing a vehicle, many auto dealerships provide financing choices such auto loans, leases, or rent-to-own options. They could also provide guarantees, upkeep, and repair services. A few auto lots also provide used vehicles, possibilities for trade-ins, CPO vehicles, and even rental vehicles. Dealerships may also have a sales staff that helps clients select the ideal vehicle for their requirements and financial situation. Some go so far as to give incentives and promotions to draw in clients.
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short run decisions are: group of answer choices constrained because some inputs are fixed while others are variable. constrained because all inputs are variable. unconstrained constrained because all inputs are fixed.
In the short-run decisions, certain inputs are changeable, while others are constant. Hence, the correct answer is some inputs are fixed while others are variable.
In economics, what is a short-run decision?In economics, a Short Run is a manufacturing planning phase during which a company attempts to fulfill market demand by holding one or more production inputs constant while adjusting others. It varies by industry and differs from the long run in that the latter takes into account all inputs as variables. The notion is applicable to any future production period with no time limits, such as weekly or monthly deadlines. This imagined time typically represents a product's unexpected or seasonal demand. Every manufacturing process has various inputs that a company may adjust or not change based on its output needs.
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review the budgeting section. if a friend told you they were going to make their side gig full-time, what two pieces of financial advice would you give them?
There are no foolish ideas when you don't have anything to lose. You never know when you can find a sizable market for your special skills and hobbies, so don't be afraid to try new things.
Start with a trial run of your product or service or a soft launch to gauge the response you receive. It's easy to test ideas when beginning a business online, which enables you to launch it quickly and subsequently expand it. You're worried that your day job and side business won't mesh well.
Despite the fact that you should endeavor to avoid any conflicts of interest with your principal work, Palmer claims that firms routinely encourage second occupations. As a result of the fact that employees.
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paula invested $370. the interest earned is 4%, compounded annually. at the end of two years, paula will have about:
Paula invested $370 with the interest earned is 4%, compounded annually, at the end of two years, Paula will have received about $400.192 as the compound amount.
A = P(1+i)^ n
A = $370(1+4%)^ 2
A = $400.192
Compound interest is the addition of hobby to the major sum of a mortgage or deposit, or in other words, hobby on principal plus interest. it is the end result of reinvesting the hobby adding it to the loaned capital in place of paying it out, or requiring a fee from the borrower so that the hobby within the subsequent duration is then earned at the essential sum plus previously gathered hobby. Compound interest is preferred in finance and economics.
A compound hobby is contrasted with a simple hobby, wherein a formerly accumulated hobby is not delivered to the principal quantity of the current duration, so there is no compounding. The simple annual interest charge is the hobby quantity in step with length, extended with the aid of the range of durations in step with year. The easy annual hobby charge is also called the nominal hobby price (now not to be careworn with the hobby price not adjusted for inflation, which goes by the equal call).
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After two years, Paula will have gotten roughly $400.192 as the compound amount after investing $370 with an interest rate of 4%, compounded yearly.
Compound interest, also known as interest on principle and interest, is the hobby that is added to the principal amount of a mortgage or deposit. By reinvesting the hobby and adding it to the lent capital rather than paying it out or charging the borrower a charge, the goal is to earn the hobby during the course of the loan at the necessary amount plus previously accumulated hobby. It is favored in finance and economics to use compound interest.
A simple hobby, in contrast, does not supply a previously collected hobby to the major amount of the present period, preventing compounding.
Principal= $370
Interest = 4%
Period = 2 years
A = [tex]P(1+i)^ n[/tex]
A = [tex]$370(1+4\%)^ 2[/tex]
A = $400.192
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How to calculate qualified business income for Form 8995?
On your 8995, the amount of Qualified Business Income is your Profit minus:
Deduction for half of the SE tax.
Payments are guaranteed.
Your SE Health Insurance deduction.
Income under Section 199A.
Your SE deduction for SEP, Simple, or Qualified Retirement Plan contributions.
What is Form 8995 or Form 8995-A qualified business income deduction?
The IRS considers it a "pass-through" business if you own a business or are a partner or shareholder in one where your business income flows through to your personal tax returns and is not subject to corporate taxes. The pass-through deduction allows pass-through business partners or shareholders to deduct up to 20% of their share of qualified business income from their income. To take advantage of this valuable tax break, you may need to file Form 8995-A. Assume you're a single taxpayer with a pass-through business, and your total taxable income before the qualified business income deduction for 2022 (line 15 of Form 1040) is $150,000 in 2022. Because your income is less than the $170,050 limit for tax year 2022, you would calculate your pass-through deduction using the simplified form, Form 8995. If your total taxable income before the qualified business income deduction is $175,000, you must use Form 8995-A instead for tax year 2022.
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you are preparing a message to a group of potential stockholders about the history of your company. which of the following organizing triads would you use? a. problem action result (par) b. chronological (ppf) c. problem cause solution (pcs) d. importance (most, somewhat, least)
You are preparing a message to a group of potential stockholders about the history of your company. You use B. Chronological (PPF).
The production possibility frontier (PPF) is a graph curve that depicts the possible amounts of two products if they both rely on the same finite resource for manufacturing. The production possibility curve is another name for the PPF.
PPF is also important in economics. It can, for example, show that a country's economy has reached the highest level of efficiency conceivable.
When selecting how much of each product to manufacture, a corporation can plot points on a graph showing the number of items produced using variables based on available resources. Keeping in mind that resources are limited, if more of one product is desired, resources must be depleted.
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why do some store offer senior citizen discounts on tuesdays? group of answer choices senior citizens have perfectly inelastic demand curves, while other shoppers do not. senior citizens have more elastic demands compared to other shoppers. most stores are perfect competitors in their geographic region. senior citizens have less elastic demands compared to other shoppers.
In the 1930s, when America's senior citizens were disproportionately poor and the Depression wiped out everyone's savings, the notion that seniors are a group in need of assistance and protection first emerged.
What is the discount for senior citizens?
The discount should not be restricted below the 20% rate in any way, shape, or form. Senior citizens who purchase goods will receive a 20% discount based on the selling price before VAT.
How can we safeguard the elderly?
Law must guarantee the elderly their inherent right to life, dignity, and personal integrity. The elderly have the right to be free from exploitation, abuse, and neglect. The elderly have the right to not be treated differently.
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Review a few of the major employment categories below. In order to reference the pay series and grade from the GS Rating System, in which category does the Government Publishing Office belong?
0100 – Social Science, Psychology, and Welfare Group
0200 – Human Resources Management Group
0500 – Accounting and Budget Group
1200 – Copyright, Patent, and Trademark Group
1000 – Information and Arts Group/2200 – Information Technology Group
1700 – Education Group/0900 – Legal and Kindred Group
1900 – Quality Assurance, Inspection, and Grading Group/1900 – Quality Assurance, Inspection, and Grading Group
helpppp
The category does the Government Publishing Office belong to is 1200 – Copyright, Patent, and Trademark Group.
What are Copyright, Patent, and Trademark?Copyright, Patent, and Trademark are referred to as tools that are used for protecting the work of any scientist, author, or innovator from copying and claiming their rights.
The Government Publishing Office to This group as it supports the publishing of the work and requires permission for making the process or product for duplicating.
It restricts the person to stole the original procedure and applies heavy penalties for violating the policies under intellectual property law.
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a choice made using the marginal principle: group of answer choices involves distinguishing between microeconomics and macroeconomics. is an analysis of costs, benefits, and trade-offs. is a choice regarding whether to do a little more or a little less of an activity. involves comparing the costs and benefits of an activity
involves comparing the costs and benefits of an activity, A decision based on the marginal principle entails weighing the advantages and disadvantages of a certain course of action.
A study of an activity's additional benefits in relation to its additional expenditures is known as the marginal principle (MB) (MC). Marginal refers to the emphasis on the expense or benefit of the subsequent unit or person, such as the cost of producing an additional widget or the revenue generated by hiring an additional employee. By dividing the overall change in the cost of manufacturing additional items by the change in the quantity of goods produced, it is determined. In terms of economics, the word "marginal" has a similar connotation to "additional." When the phrase is used in a work on business, finance, or economics, it typically refers to something that will be added to what already existed.
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For each transaction, indicate (1) whether cash is involved (yes or no), and, if cash is involved, (2) whether Witherspoon should classify it as operating, investing, or financing in a statement of cash flows, and (3) whether the cash is an inflow or outflow. Select N/A if the question is not applicable to the statement.
(a) Borrow cash from the bank
(b) purchase supplies on account
(c) purchase equipment with cash
(d) provide a service on account
All three factors of cash flow are business, refinancing, and investing activities, according to the cash flow statement.
What does cash flow mean?That overall amount of funds entering and exiting a business at any given time is referred to as cash flow. A firm constantly gets and expends money. For instance, when a merchant buys products, money leaves the company as travels to the suppliers.
How is cash flow generated? It is what?Spending that is a part of routine activities is included in operational cash flow. Payroll, the cost of items produced, rent, and energy expenditures are just a few examples of these cash outflows. If a company's operations are extremely seasonal, its cash outflows may vary greatly.
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The diagram below shows a linear production possibilities curve for a country good B. If the economy is currently producing 10 units of good A and 90 units of good B increasing the production of good A from 10 to 20 units is how many units of good B?
Opportunity cost is calculated in terms of units of good 1 that must be sacrificed in order to produce good 2 while reading the production possibility curve.
What is Cost ?It speaks of the sum paid in order to obtain any goods or services. Cost can be defined as a financial evaluation of the assets, inputs, risks, time, and expenses required to purchase goods and services.
You can see from the graph above that we were able to make 90 units of good B when we were producing 10 units of good A.
Now that we have made the decision to manufacture 30 units of product A, we can only produce 70 units of good B.
Opportunity cost will be 20 units of good B (90 - 70). This means that in order to generate 20 more units of good A, 20 units of good B must be abandoned.
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Kurt decides to spend 2 hours working rather than hanging out with his friends. He earns $10 per hour for work. His opportunity cost of working is
nothing as he has given nothing up to work the extra hours.
the utility or enjoyment he would have gotten from hanging out with his friends.
$20 minus the value of the time spent with friends.
the $20 he earned working the extra two hours.
The utility or pleasure he would have obtained from hanging out together with his friends.
Are earnings profits or income?The earnings amount is denoted on the net income as net income. Investors frequently refer to net revenue or the period's profit when discussing a company's earnings. Similarly, net revenue or profit are seen as synonyms for "income."
How are earnings determined?Note. Here's an illustration: A company's annual gross sales are $500,000 dollars. Subtract this amount from the total by the cost of products sold ($300,000), operating costs ($80,000, including depreciation), and taxes ($20,000). The outcome is a $100,000 increase in the firm's operating income (profit or net income).
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in a market economy, the distribution of income is a equitable because people who are willing to work earn income. b primarily determined by the government through its power to tax. c primarily determined by he prices of scarce resource people own. d always more equal than in a command economy. e distributed on the basis of need.
Increased equality, quicker growth, and quicker poverty eradication are all benefits of income redistribution, particularly in developing economies.
An expression for development is what?
To build muscles properly, a person must eat a healthy diet. Numerous chances for job advancement are available at the organization. As of right now, the initiative is still in its infancy. I make an effort to follow changes in computer technology.
To strengthen her back muscles, she has been working out frequently. A book based on the tale was later produced. Tourism is the main source of income for the island. Because of the training, your writing will get better.
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when developing a savings plan, which is true about saving and inflation?
By raising prices, inflation will reduce the amount of money you can spend and keep in your account.
Inflation: What is It?The rate at which prices rise over a given time is called inflation. The overall rise in prices or a nation's overall cost of living is two examples of broad measures of inflation.
As a result of more jobs and higher wages, household incomes rise and consumer spending increases. Aggregate demand rises as a result, increasing the likelihood that businesses will raise prices for their products and services. Inflation rises when this occurs in a large number of businesses and industries.
While excessively low inflation can also weaken the economy, high inflation can be harmful. The Federal Reserve will take the opposite approach when the economy is struggling and inflation is too low by buying assets or lowering interest rates to increase cash circulation.
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