The correct option is B). Jane's nominal income increased this year, but her real income decreased. The reason the nominal increased this year is because she can buy less than last year.
What is nominal and real income?Nominal income is that income, which is not adjusted for changes in purchasing power. It is the amount of goods or services that an individual can afford with the income, owing to inflation.
The Real income of an individual or a country is income adjusted for inflation. It is an estimation of an individual's actual purchasing power in the open market after accounting for inflation.
Real income sometimes also called real wage when referring to an individual's income.
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In which life cycle phase do project sponsors become most actively involved in the project?
The life cycle phase in which project sponsors become most actively involved in the project is the Initiation phase. Read below about life cycle phase.
What is a life cycle phase in project?The project life cycle involves the procedures required for project managers to successfully manage a project from begining to end.
What are the phases to the project life cycle?There are five (5) phases to the project life cycle and they include the following:
initiating, planning, executing, monitoring/controlling, and closing.Therefore, the correct answer is as given above.
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Kim, Chris, and Beth are all partners in a cosmetics firm. Kim is leaving the partnership and wants to sell her shares of the business, including the property owned by the partnership, to Chris and Beth. The three partners own the property with the right of survivorship should one or more of them die. The remaining partners are not interested in buying Kim's interests. Kim has been unable to find a buyer for her share of the partnership. She has now resorted to asking the court to either sell her shares or sell the entire property. What form of concurrent ownership applies
It is a Joint Tenancy form of concurrent ownership.
What is joint tenancy ownership?Joint tenancy is a type of shared ownership of property, where each and every owner has an undivided interest in the property.
This type of ownership provides a right of survivorship to the partners , which means that when one owner dies, the other owners hold the interest of the deceased owner.
Basically, it is a legal agreement in which two or more people own a property together with equal rights.
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Lorenzo and Lila own all of the Double L Corporation's stock. The stock of this corporation is not sold to the general public. Lorenzo and Lila own a(n)
Owners of the company.
What is a stock of a company?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.What is an owner of a company?A company's "owner" is a person who owns all of the shares. In contrast, a "co-owner" shares ownership of a business with one or more partners. The owner, who is frequently the company's founder, is free to run their business however they like.Therefore, Lorenzo and Lila are owners of the Double L Corporation.
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Adrian, a single man who wants to buy a house in five years, read an article that recommended a down payment of 20 percent. With a large income and little debt, Adrian can afford to save a substantial amount of money every month. He is asking you for advice to help him reach his goal. It is now five years later, and Adrian has saved enough money for a 20 percent down payment on a house. He will have to borrow $135,000 in a 30-year loan with an annual interest rate of 6 percent compounded monthly. What will his monthly mortgage payment be
Based on the amount that Adrian borrowed and the annual interest, his monthly mortgage payment would be $809.39.
What is the monthly mortgage payment?The monthly payment is an annuity because it will be constant so we can use the present value of an annuity formula.
Periods:
= 30 x 12
= 360 months
Interest:
= 6% / 12 months
= 0.5%
Monthly amount is:
135,000 = Amount x (1 - (1 + 0.5%)⁻³⁶⁰) / 0.5%
Amount = 135,000 / 166.791614392335294
= $809.39
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Cinnamon Toast Crunch cereal and Just Right cereal are considered substitute goods. Accordingly, one could predict that, holding all else constant, if the price of Cinnamon Toast Crunch cereal increases, we would see: Select one: a. the demand curve for Just Right cereal shift to the left. b. the demand curve for Just Right cereal shift to the right. c. the demand curve for Cinnamon Toast Crunch cereal shift to the left. d. the demand curve for Cinnamon Toast Crunch cereal shift to the right.
b. the demand curve for Just Right cereal shifts to the right
What causes the demand curve to shift to the right?
When a factor other than price affects demand, the demand curve will shift. It happens when the price doesn't change but the demand for goods and services does.
If the determinant raises demand, the curve moves to the right. This indicates that even while the price remains the same, there is a greater demand for the commodity or service. The incomes of consumers will increase as the economy is flourishing. Despite the fact that prices haven't increased, people will purchase more of everything.
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After a prolonged period of high inflation the government of Atlantia decides to set a target of 0% inflation going forward. As the new assistant economic minister, you are tasked with critiquing this policy. Which criticism of the 0% inflation target is best supported by the economic literature
The best support against a 0% inflation target given by the economic literature is c. A 0% inflation target could lead to deflation.
Why is a 0% inflation target risky?If 0% inflation is targeted, the policy might be so effective that inflation becomes negative and deflation happens.
When deflation happens, the economy will experience hardships with lower production levels that will impact other sectors of the economy.
Options for this question include:
a. It is undisputed that too little inflation interferes with the downward adjustment of real wages.
b. Moderate to high inflation is popular among consumers.
c. A 0% inflation target could lead to deflation
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describe the required qualifications occupation of dentist
Answer:
The following steps are necessary to meet dentist degree requirements and licensing standards:
Obtain 4-year bachelor's degree, usually in a science-related field
Take Dental Admissions Test (DAT)
Apply to and enroll in dental school
Complete classroom study and clinical experience
Pass licensing exams
Degree Required: Doctoral
Education Field of Study: Dental medicine, dental surgery
Job Growth (2016-2026): 19% (much faster than average)*
There is a technological improvement in the production of good X. As a result, the _____________ curve for good X will shift ____________ resulting in a(n) _____________ in the equilibrium price of X and a(n) ____________ in the equilibrium quantity of X. Group of answer choices
There is a technological improvement in the production of good X, As a result, the supply curve for good X will shift resulting in a decrease in the equilibrium price of X and increase in the equilibrium quantity of X
What is Technology Improvements?Technology Improvements can be regarded as the improvements as well as enhancements, in production of a particular product.
In the production of a particular product X , once supply curve for good X shift, it will result in a decrease in the equilibrium price .
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Bonds are securities that can be readily bought and sold. A bond issue consists of a number of bonds, usually in denominations of ______ or _____ and is sold to many different lenders.
A bond issue consists of a number of bonds, usually in denominations of $1000 or $5000 and is sold to many different lenders.
What is a bond?It should be noted that bonds are securities that can be readily bought and sold.
In this case, a bond issue consists of a number of bonds, usually in denominations of $1000 or $5000 and is sold to many different lenders.
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An army pilot from State A was injured when his helicopter crashed due to a defect in the tail rotor. The helicopter was manufactured by a contractor, a private company incorporated and with its principal place of business in State B. The contractor produced equipment for use by the military pursuant to contracts with the United States government. The army pilot brought a strict products liability action in federal district court in State B against the contractor, alleging $200,000 in damages. The contractor seeks to assert a defense recognized and developed by federal courts for private defense contractors involved in contracts with the United States government. Although not set forth by federal statute or other federal rule, the defense has been used to allow private defense contractors to avoid tort liability under state law. State B does not recognize this defense. What law should the federal district court apply to this issue
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In order to maximize total utility for a selection of products, each time we should select the product with a MU/P ratio that is
In order to maximize the total utility we get from a product, we should select products that have a MU/P ratio that is higher.
How can we maximize utility?Utility can be maximized when we pick products that give us a higher utility per price.
The MU/P ratio shows the marginal utility we get from an item per the amount we spend on it. We should therefore pick products that have a higher ratio.
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One of the major disadvantages of a sole proprietorship is the: Group of answer choices Possibility of disagreements between owners. Unlimited liability the owner has for the debts of the firm. Fact that any income earned by this type of business is taxed twice. High cost of starting or ending the company.
One of the disadvantages of a sole proprietorship is the owner's unlimited liability for the company's debts.
What is a sole proprietorship?It is a business structure where there is no legal personality, ie the individual is responsible for the risks inherent in the business, profits and losses. It is an easier business to start or end, where there is no legal protection or registration.
Therefore, because of the ease of startup, sole proprietorship is an advantageous way of starting a business, and a disadvantage is the unlimited liability of the owner in the business.
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what happens during the storming stage of team development?
During the storming stage, people start to push against the established boundaries.
What is Team Development?Team development is the process if assembling a group of people who work together to achieve a common goal.
Before a Team is developed it must have passed through different stages which ensure a long lasting team.
During team development, there are five critical stages that must occur. They include
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classical economists saw the depression as a political problem, not an economic problem. why?
Classical economists saw the depression as a political problem, because they believed labor unions were stopping the wage level from moving to the right level.
Classical economistsThe Classical economists believe that the great depression experience was as a result of as a political problem.
The reason why they believe it was political problem was because they felt the labor unions who is the union responsible for fight for the right of workers were the one that stop or prevent the wage level from moving to the right level.
Therefore they believed that labor unions were stopping the wage level from rising.
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Tindel Inc. competes on cost with Nirvana Sites in the web design industry. Both firms operate on a 90 percent learning curve, and neither firm is capable of increasing its cumulative output any further. How might Tindel Inc. achieve a cost-leadership position while maintaining customer satisfaction
Tindel Inc. might achieve a cost-leadership position while maintaining customer satisfaction by incorporating new programming techniques.
Cost-leadership positionThe company can tend to achieve cost-leadership position by incorporating new programming techniques.
Reason being that incorporating the new programming techniques will enable them to take advantage of experience curve effects while maintaining there customer satisfaction.
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Which group of people ultimately determines the products that a command economy produces?.
The group of people that ultimately determines the products that a free enterprise economy produces is Consumers. Read below about Enterprise economy produces.
What is an Enterprise economy?Enterprise economy is an economy in which people take risks when they invest their money, start new businesses, etc. Free enterprise refers to an economy where the market determines prices, products, and services rather than the government. Businesses and services are free of government control.
Therefore, the correct answer is as given above.
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Question 4
Sally purchased a Ford Fusion for $25,000 in 2018. Today, Sally sold the car to Darien for
$18,000. How does this affect the CURRENT GDP?
Answer:
It doesn't affect it because it's a used good
Explanation:
Used goods ARE NOT counted. Goods are only counted in GDP during the year when they were produced, and/or the first time they are sold.
The selling of the used car by Sally will not have any effect on the GDP because such transaction has already been accounted earlier during the time of production and selling. Hence, no changes in GDP.
Why used goods are not included in GDP?Expenditure on used goods isn't always a part of GDP due to the fact those items had been a part of GDP withinside the duration wherein they had been produced and all through which time they had been new items.
Counting the sale of used items might be double-counting and might distort the authentic degree of manufacturing for a given duration.
Hence, no changes in GDP as the selling of the used car by Sally has already been accounted earlier.
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Barnes Corporation introduces a new e-book reader that carries a two-year warranty against manufacturer's defects. Based on industry experience with similar product introductions, warranty costs are expected to be approximately 10 percent of sales. By the end of the first year of selling the product, total sales are $5 million, and actual warranty expenditures are $100,000. What amount should Barnes report as a liability at the end of the year?
Based on the total sales and the actual warranty liability, the amount that Barnes should report as a liability is $400,000.
How much should Barnes report?This can be found as:
= (Total sales x Warranty cost percentage) - Actual warranty expenditures
Solving gives:
= (5,000,000 x 10%) - 100,000
= 500,000 - 100,000
= $400,000
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Governments use tariffs in order to:
A. increase the cost of products imported from foreign countries.
B. promote completely free trade in all countries around the world.
C. invest government funds into a struggling domestic industry.
D. agree on the conditions of trade with another country.
PLEASE HELP :’)
Answer:Why do governments impose tariffs?
To protect newly established industries from total and premature collapse, the imposition of tax has to be made to curtail excessive demand for foreign-made goods.
Explanation:
Governments use tariffs in order to increase the cost of products imported from foreign countries. Thus the correct option is A.
What is Government?The government is referred to as an administrative body that helps to perform the function of the country by maintaining peace and order and implementing rules and laws described in the constitution and working for the welfare of its citizens.
If there were significant tariffs, the US would become less dependent on imports. By exploiting the significance of tariffs and raising taxes on imported items, domestic goods are given preference.
Tariffs is referred to taxes applied on imported goods that increase the cost of foreign goods in the country. Due to high price of foreign goods customer shift to domestic goods which helps in improving the economy.
Therefore, option A is appropriate.
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which statement best describes one of the ethical principles in the gao's yellow book?
The statement that describes one of the ethical principles in the gao's yellow book is: D. Government information, resources, and positions should not be used for the auditor's personal gain.
What is ethical principles ?Ethical principles can be defined as the right things or behavior which a person is expected to follow or abide to.
The ethical principle in the gao's yellow book stated that auditors should not use the following for the selfish interest:
Government informationGovernment resources, and positionsTherefore the correct option is D.
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price ceilings are adopted in most cases because:
Price ceilings are adopted in most cases because the government views the current equilibrium price is too high for the consumers.
What is Price Ceiling?Price Ceilings are government-imposed policies on prices for the purpose of price control. This is done so as to limit how high a price is tagged on a particular product.
In most cases, the government adopts a price ceiling so as to have control or equilibrium price on a particular product.
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Answer it please the question is in the pic T_T
Answer:
Economics:
Explanation:
Political Economy or Economics is a study of mankind in the ordinary business of life; it examines that part of individual and social action which is most closely connected with the attainment and with the use of the material requisites of wellbeing.
i hope this helped you
disadvantage of snob appeal
Answer:
The purpose of snob appeal is to persuade a consumer to purchase a product or service by convincing him or her that the purchase will elevate their status. By appealing to individuals' desires to be among the elite, advertisers attempt to sell their products.
For example, some different ads that illustrate snob appeal include the following:
Cigarette ads with big and tough guys smoking cigarettes makes it seem that the consumer, too, could be among the elite hearty men who smoke cigarettes.
Commercials that show men drinking a certain brand of beer attracting all of the beautiful women in a bar gives the underlying message that drinking that beer will make the consumer more attractive to women.
A food commercial that highlights parents who are "Number One" that purchase a certain food product implies that the consumer will also be a top notch parent if he or she purchases the product.
A perfume advertisement that features a woman dressed in fancy clothes and very expensive jewelry appeals to the "inner snob" by implying that a woman who wears that perfume will be equally as exquisite in appearance.
A commercial for cat food that shows a cat eating a certain brand of food in a posh house with a fancy pet dish makes the consumer feel she is treating her cat the best she possibly can by purchasing that food.
A military slogan that says, "Do you have what it takes?" is appealing to snob appeal by trying to recruit members implying that they are an elite group that has characteristics that others do not possess.
When a company is attempting to sell its services over competitors' services and states "You don't want to deal with those OTHER companies…" it is attempting to elevate its own image to be more appealing as an elite company.
A wireless phone company shows commercials of people waiting in lines to get their phones and the images of those who have the phones are of well-dressed and popular people. The phone company is making it seem extremely desirable to be a part of the group of people who are elite enough to own that phone.
A linen company features their products in an advertisement in a posh and fancy home implying that those who purchase their linens are amongst the elite.
Featuring a popular celebrity in a commercial in which she states she would never use another brand makes the product seem more appealing to the consumer.
A commercial for big screen televisions shows a large group of people watching the Superbowl and having fun, stating that "everyone will want to be at your house" implies that the purchase of the television will make the consumer popular and part of an elite group.
Explanation:
. _____ is defined as the perception of the benefits associated with a good, service, or bundle of goods and services in relation to what buyers are willing to pay for them. a. Value b. Equity c. Turnover d. Revenue
Value is defined as the perception of the benefits associated with a good, service, or bundle of goods and services in relation to what buyers are willing to pay for them
Value is characterized as the monetary value of an item owned, a product purchased, or a service provided. It refers to how consumers perceive the advantages of a good, service, or combination of goods and services in proportion to the price they are prepared to pay for them. It is the sum a customer is willing to spend on a specific product or service. In other words, it refers to the monetary value of a good, the amount that may be paid for a good, etc.
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During a period of economic expansion, when expected profitability is high, the: select one: a. Equilibrium price of bonds increases. B. Equilibrium interest rate falls
During a period of economic expansion, the demand curve for bonds shifts to the left.
What is the effect of an economic expansion?During an economic expansion, the supply of money in the economy rises and the demand for money also increases. This leads to an increase in the interest rate and the price of the bonds would fall.
If expected profitability is expected to be high, people would prefer to hold more risky investment. Thus, there would be a fall in the demand for bonds. The demand curve for bonds would shift to the left.
Here are the options to this question:
A) the demand curve for bonds shifts to the left.
B) the supply curve of bonds shifts to the right.
C) the equilibrium interest rate falls.
D) the equilibrium price of bonds rises.
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Since 1960, the earnings gap between men and women in the U.S. labor market has steadily risen. been completely eliminated. continued to narrow. increased throughout the 1970s.
Since 1960, the earnings gap between men and women in the U.S. labor market has continued to narrow.
What is Gap between Men and Women in the U.S. labor market ?
According to the U.S. Census Bureau, women working full time in 1960 earned about 60 cents for every dollar earned by men—the number cited by President Kennedy in signing the Equal Pay Act.
In 1963, women who worked full-time, year-round made 59 cents on average for every dollar earned by men.
The last fifty years of women’s social and economic progress have been lauded as the “grand gender convergence,” the “second demographic transition,” and the “rise of women”—terms pointing to the remarkable transformation in women’s social and economic roles since the 1960s. Many metrics document these changes.
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In enterprise systems, supply chain management is tied to the conversion of ______ to finished product
In enterprise systems, supply chain management is tied to the conversion of raw materials to finished product.
What are raw materials?This are materials that are used in production process to manufacture a product.
Raw materials are often transformed to finished product that is purchased by consumers.
Supply chain monitor the activity of converting raw material to finished product.
Therefore, In enterprise systems, supply chain management is tied to the conversion of raw materials to finished product.
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What is a negative externality
Answer:
exists when a production or consumption of a product results in a coast of third party
For economics class the answer is : Negative externalities occur when the social cost of a good or service is higher than the private cost.
:)
The value net framework includes an analysis of a. the firm, substitutes, suppliers, customers, and competitors. b. the firm, suppliers, customers, competitors, and driving forces. c. substitutes, suppliers, customers, competitors, and driving forces. d. the firm, suppliers, customers, competitors, and complementors. e. substitutes, suppliers, customers, competitors, and potential entrants.
The value net framework includes an analysis of d. the firm, suppliers, customers, competitors, and complementors.
Who are those involved in a value net framework?The entities that influence a business's success include its Customers, Suppliers, Competitors, and Complementors.
A business should develop cooperative and productive relationships with these influencers in addition to studying its internal capabilities and competencies to derive external value.
Thus, the value net framework includes an analysis of d. the firm, suppliers, customers, competitors, and complementors.
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Oil inc. and petro corporation form a joint venture to design and test petroleum storage facilities and equipment. when a dispute arises, oil files a suit against petro. the court is most likely to apply the same principles to this joint venture as it applies to group of answer choices limited liability companies. corporations. sole proprietorships. partnerships.
The court is most likely to apply the same principles to this joint venture as it applies to: D. partnerships.
What is partnerships?Partnerships can be defined as the way in which two people or two or more enter into a business.
Since Joint venture is similar to partnership which means that the court can likely apply the same principle to both Joint venture and partnership.
Therefore the correct option D.
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