Determine whether each description refers to nominal gross domestic product (GDP) or real GDP. A measure of an economy's output using current prices. nominal GDP real GDP A measure of an economy's output using constant prices. real GDP nominal GDP A measure of output that is adjusted for inflation. nominal GDP real GDP A measure of output that is not adjusted for inflation. nominal GDP real GDP

Answers

Answer 1

Answer:

1. Nominal GDP

2. Real GDP

3. Real Gdp

4. Nominal GDP

Explanation:

The description is as follows:

The Nominal GDP is a GDP that could be determined at the present market prices. It is the finished goods and services value generated in the country

While on the other hand the real gdp is the gdp that determines the economic output value adjusted for the change in the price

So based on the above description, the following should be the categorization

1. Nominal GDP

2. Real GDP

3. Real Gdp

4. Nominal GDP


Related Questions

explain the accrual basis of accounting and reasons for adusting entries​

Answers

The accrual basis of accounting states that “expenses are matched with related revenues and are reported when the expense is incurred, not when cash changes hand”. Therefore, adjusting entries are required because of the matching principle in accounting.
explain the accrual basis of accounting and reasons for adusting entries

Value-added" describes the economic enhancement a company gives its products or services and helps explain why companies are able to sell their goods or services for more than they cost to produce. Identify and explain some of the value-added services in Operations Management.

Answers

Answer:

One example of a value-added service in operations management would be the development of premium agricultural products like premium coffee or tea.

Explanation:

Agricultural products tend to be basic and cheap than most other goods because they are a basic necessity, meaning tha not only theird emand is high, but so is their supply, causing the market price of agricultural products to be relatively low.

If a company instead chooses to add value to its agricultural product, then, the company creates a product not only of higher value to both the company and its customers, but also in terms of price, that can therefore generate a higher revenue for the firm. Operations management is fundamental in this process because it deals with the production process of the product, which would go through several stages.

If the present value of my investment is S9,000 and the rate of interest is 3⅓% compounded annually, what will the value be after 4 years?​

Answers

The value after 4 years will be $10327.71 with the present value of $9000.

What is compound interest?

Compound interest, often known as interest on interest, is the practice of adding interest to the principal amount of a loan or deposit. It occurs when interest is reinvested rather being paid out, resulting in interest being generated on both the principal amount and any accumulated interest over the next period.

What is the investment?

An asset that is developed with the purpose of enabling money to accumulate is essentially what an investment is. The wealth generated can be used for a variety of objectives, including bridging income gaps, saving for retirement, or carrying out certain particular commitments like loan repayment, tuition payment, or the acquisition of other assets.

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The Waterfall Buffet is self-service. From 9:00 a.m. to 12:00 p.m. customers arrive at the buffet
at a rate of five per minute; from 12:00 a.m. to 4:00 p.m the gallery is closed; and from 4:00 p.m. to closing at 9:00 p.m., at a rate of six per minute (Poisson distributed). All the customers take about the same amount of time to serve themselves and proceed to the buffet. Once a customer goes through the buffet, it takes an average of 0.4 minute (exponentially distributed) to pay the cashier. The gallery does not want a customer to have to wait longer than one minutes to pay. The gallery plan to set up three cashiers. Will this number be adequate to meet the
waiting policy?

Answers

Three cashiers may not be adequate to meet the waiting policy during peak hours. Galleries may need to hire additional cashiers or take other measures to reduce customer wait times during peak hours.

How did we arrive at this assertion?

To gallery whether three cashiers are sufficient to enforce the waiting policy, we need to calculate the estimated wait time for customers at the counter.

Determine the average number of customers per minute at the buffet for each time period.

9:00 AM - 12:00 PM: λ1 = 5 customers/minute

16:00 - 9:00: λ2 = 6 customers/minute

It is closed between 12:00 and 16:00, so no guests. Apply Little's law to determine the average number of customers in the system.

L = λW

where L is the average number of customers in the system, λ is the arrival rate, and W is the average time spent in the system.

Assuming that customers spend the same amount of time at the buffet as at checkout, the average system time can be determined as follows:

W = 2 × 0.4 min = 0.8 min

So the average number of customers in the system is:

L1 = λ1 × W = 5 customers/min × 0.8 min = 4 customers

L2 = λ2 × W = 6 customers/min × 0.8 min = 4.8 customers

The M/M/c queuing model is then used to determine the expected wait time at the cashier. Arrival at Poisson, service time allocated exponentially and three cash (c = 3)

wq = (ρ ^ c / c / c! × (c × λ)) / (1 -ρ)

Here ρ = μ / (C × μ + λ) traffic resistance and μ = 1 / 0.4 minutes = 2.5 consumer / min.

Use the above value and evaluate the waiting waiting time.

ρ1 = λ1 / (c × mμ) = 5 customer / min / min / (cash × consumers / min) = 0.67

ρ2 = λ2 / (c × μ) = 6 client / division / (3 cash cash, × 2.5 consumer / min) = 0.8

Wq1 = (0.67 ^ 3/6 × 3/6 × (3 × 2.5 consumers / minute customer / min) / (1-0.67) = 0.14 minutes

Wq2 = (0.8 ^ 3/6 × (3 × 2.5 consumers / minutes consumers / minutes) / (1-0.8) = 0.64 minutes

We will add the waiting time expected to the cashier to consume the expected time for the customer.

Tq1 = 0.88.8 minutes + 0.14 minutes = 0.94 minutes

Tq2 = 0.8 minutes + 0.64 minutes = 1.44 minutes

According to this calculation, the expected waiting time is 9-12. Less than a minute coincides with atmospheric policy. However, the estimated waiting time for customers is between 16:00 and 21:00. More than 1 minute non-compliance with the waiting policy.

Therefore, 3 cashiers may not be enough to enforce the waiting policy during peak hours.

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Mink Corporation purchases new office furniture for $7,200,000 on January 1, 2022. Mink estimates that the furniture has a $400,000 residual value and a useful life of 8 years. Mink uses the straight-line method to record depreciation. Assume that on January 1, 2026, after 4 years, Mink realizes that the machine remaining useful life is 10 years and residual value is $200,000. A depreciation schedule would show ________ depreciation expense for 2026.

Answers

In 2026, the deprecation schedule would show a depreciation expense of $360,000.

What would be the deprecation expense for 2026?

The first step is to determine the accumulated deprecation up until 2026.

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

($7,200,000 - $400,000) / 8 = $850,000

Accumulated depreciation = $850,000 x 4 = $3,400,000

Book value at the beginning of 2026 = $7,200,000 - $3,400,000 = $3,800,000

Deprecation expense = ($3,800,000 - $200,000) / 10 = $360,000

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Ms. Claggett is sixty-six (66) years old. She has been covered under Original Medicare for the last six years due to her disability and has never been enrolled in a Medicare Advantage or a Part D plan before. She wants to enroll in a Part D plan. She knows that there is such a thing as the “Part D Initial Enrollment Period” (IEP) and has concluded that, since she has never enrolled in such a plan before, she should be eligible to enroll under this period. What should you tell her about how the Part D Initial Enrollment Period applies to her situation?

Answers

What should you tell her about how the Part D Initial Enrollment Period applies to her situation is: Part D occurs 3 months prior and 3 months after the month a beneficiary meets the requirements for Part B.

What is Part D plan?

Part D plan can be defined as a Medicare plan that help to cover drugs prescription of  those under the plan

Based on the scenario you should tell her that  Part D Initial Enrollment Period start  3 months prior and 3 months after the month when a beneficiary  of the plan meets the eligibility or necessary requirements for Part B plan.

Hence,  she cannot be able to use it as a form of  justification for enrolling in a Part D plan now.

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Answer:Ms. Claggett has had two IEPs and missed them both. The first occurred three months before and three months after the month when she was first entitled to Part A OR enrolled in Part B. Because she was eligible for Medicare before age 65, Ms. Claggett had a second IEP based on turning age 65, which has also expired.

Explanation:

Some of the risks and pitfalls of implementing a multisource feedback include:
Stock value may drop
Negative feedback may hurt employees’ feelings
Raters may be overloaded
All of the above

Answers

A risk and pitfall of implementing a multisource feedback is that C. Raters may be overloaded .

What is multisource feedback ?

Multisource feedback ( also known as 360 - degree feedback ) is a type of feedback on employees where information on those employees is gathered from multiple sources such as their colleagues, managers, and subordinates .

The major risk or pitfall with this type of feedback system is that the raters could get overwhelmed by the sheer amount of information they have to sift through from all those different sources of information on employees.

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What’s a property owned by a business?

Answers

Answer:

Personal property is property owned by an individual or business that is transportable and not fastened to or related with the land. Personal property is everything that isn't actual property (land and buildings).

Explanation:

Answer:

item of value to company

Explanation:

Parkinson Company (PC) had a beginning balance of $86,000 and an ending balance of $90,000 in itslong-term marketable securities account. During the period the Company paid $10,000 to purchase marketable securities. If the Company reported a gain on the sale of marketable securities of $1,000 the amount of the cash inflow from the sale of securities is

A. $7,000.
B. $6,000.
C. $5,000.
D. None of the answers is correct.

Answers

B I think sorry if wrong :/

The operating budget provides a roadmap for financial plans for a short-term, future period. What is a typical “future period” for an operating budget?

Answers

An operating budget is a financial statement that outlines the organization's expenditures and revenues for a specific period.

The operating budget is typically for a fiscal year, which is usually twelve months. The future period for an operating budget is usually a fiscal year or less than a year. The operating budget is critical because it establishes guidelines for financial activities and operations in an organization. It provides a roadmap for financial plans for a short-term, future period, which typically begins on January 1st and ends on December 31st.

An organization creates an operating budget to aid in the allocation of resources and expenditures to achieve its objectives for a given period. A typical operating budget is for a fiscal year. A fiscal year is the period when an organization prepares its financial statements. It is usually 12 months, but it may be shorter or longer depending on the organization. An operating budget typically covers one fiscal year; however, it may be longer or shorter based on the organization's preferences.

The future period for an operating budget is frequently updated to reflect the company's current situation and financial standing. It takes into account the actual results of the previous period and the estimated expenditures and revenues for the upcoming year to develop the operating budget for a future period.

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Mason (single) is a 50 percent shareholder in Angels Corporation (an S Corporation). Mason receives a $180,000 salary working full time for Angels Corporation. Angels Corporation reported $400,000 of taxable business income for the year (2022). Before considering his business income allocation from Angels and the self-employment tax deduction (if any), Mason's adjusted gross income is $180,000 (all salary from Angels Corporation). Mason claims $50,000 in itemized deductions. Answer the following questions for Mason.
b. Assuming the business income allocated to Mason is income from a specified service trade or business, what is Mason's deduction for qualified business income? Ignore the wage-based limitation when computing the deduction.

Assume the same facts as question (b), except that Angels Corporation reported $150,000 of taxable business income for the year. What is Mason's deduction for qualified business income? Ignore the wage-based limitation when computing the deduction.

Answers

Mason is from a specified service trade or business, his deduction for qualified business income would be $40,000 when Angels Corporation reported $400,000 of taxable business income.

b. Since Mason is a 50 percent shareholder in Angels Corporation, he is eligible for a deduction for qualified business income (QBI) based on his share of the corporation's income. In this case, assuming the business income allocated to Mason is income from a specified service trade or business, his QBI deduction would be 20 percent of the allocated business income.

Given that Angels Corporation reported $400,000 of taxable business income for the year, Mason's share of that income would be $200,000 (50 percent of $400,000). Therefore, his deduction for qualified business income would be $40,000 (20 percent of $200,000).

Assuming the same facts as in question (b), but with Angels Corporation reporting $150,000 of taxable business income for the year, Mason's share of that income would be $75,000 (50 percent of $150,000). Thus, his deduction for qualified business income would be $15,000 (20 percent of $75,000).

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Say you own an asset that had a total return last year of 17 percent. Assume the inflation rate last year was 3.6 percent. What was your real return?

Answers

The Fisher equation, which shows the exact relationship between nominal interest rates, real interest rates, and inflation, is:

(1 + R) = (1 + r)(1 + h)

r = [(1 + .17) / (1 + .036)] - 1

r = .12934, or 12.93%

 

An increase in the average price level of an economy over time is referred to as inflation. Money loses value as a result of inflation. Consumer price index (CPI) and producer price index are the two most used inflation indicators (PPI). The consumer price index tracks changes in the price of a typical market basket bought by an urban family each month, provided the same products are bought. When a basket of commodities costs more, inflation has occurred. The cost increase of the basket as a percentage is equal to the rate of inflation. When the products in the basket are cheaper, there has been deflation. It is critical to remember that some of the items may change in value more rapidly than the general rate of inflation.

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Gloria's trial balance totals did no1 agree. The
totals of the columns were: debit $186 300:
credit $1 85 110. Gloria has discovered the
following errors in her books of account.

Answers

Answer: There seems to be no information provided after this statement. Please provide the complete question or statement so I can help you better.

Explanation:

Oceanic Company has 15,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $5 par common stock. The following amounts were distributed as dividends:

20Y1 $22,500
20Y2 7,500
20Y3 45,000

Need help understanding this problem!

Oceanic Company has 15,000 shares of cumulative preferred 2% stock, $50 par and 50,000 shares of $5 par

Answers

The dividends per share for the cumulative preferred stock and the common stock is :

                                    20Y1       20Y2     20Y3

Dividend per share:

Preferred Stock           $1           $0.50      $1.50

Common Stock           $0.15       $0          $0.45

What is dividend per share ?

Dividend per share is the sum of declared dividends issued by a company for every ordinary share outstanding . It is calculated by dividing the total dividend  by the number of shares in the issue for each class of stock.

However, the dividend is distributed to preferred stockholders first, followed by common stockholders.

In any year where the dividend is insufficient to cover the cumulative preferred stockholders, whatever is left over is distributed to the preferred stockholders, leaving common stockholders with nothing.

If there are sufficient dividends, the cumulative preferred dividend arrears must be settled in addition to the fixed dividend for the year

The dividend per share is calculated as:-

Cumulative Preferred 2% Stock = 15,000 shares

Par value = $50

Value of Cumulative preferred stock, 2% stock = $750,000 (15,000 x $50)

Fixed preferred dividend each year = $15,000

Common Stock = 50,000 shares

Dividend Distribution   Preferred        Common Stock

20Y1        $22,500        $15,000         $7,500 ($22,500-$15,000)

Dividend per share       $1                     $0.15  ($7,500/50,000)

20Y2           7,500          $7,500            $0

Dividend per share       $0.50                $0

20Y3        45,000         $22,500          $22,500 ($45,000 - $22,500)

Dividend per share       $1.50               $0.45

Preferred stock dividend for 20Y3 = $22,500 ($7,500 + $15,000)

Therefore, the dividend per share for Oceanic Company is calculated.

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Identify the type of writing/Essay.
11. There was a sudden hush among the people in the crowd on top of Mount Sinai. Following their gaze, I saw a thin red sliver sitting on top of bands of silver-gray clouds, suspended over the desert wilderness. As I continued to watch, the Red Crescent becomes larger, filling out into a semicircle and spilling its pigment onto the clouds and the bleak desert hills. Answer;
12. People often refer to Africa as the Dark Continent, meaning that Africans were uncivilized, unsophisticated, and ignorant people. West Africa, East Africa, and ancient Zimbabwe are examples that refute this stereotype. The Dark Continent would not be an accurate label for Ancient Africa. Answer;
13. The Taj Mehal complex includes a main gateway, a garden with pools of water, a red sandstone mosque, and an identical building called “Jawab” shah Jahan wanted to build the second mausoleum across the river, as grandiose as the Taj Mehal, to have his own remains buried there. He also wanted the two mausoleums to be connected with bridges. But unfortunately, these plans remained on paper.​

Answers

Answer:

11 informative

12 comparison

13 cause and effect

11th the essay is about Informative.

12th the essay is about comparison.

13th the essay is about cause and effect.

What do you mean by informative?

Informative means providing useful knowledge or ideas.

It helps to organize ideas, concepts, and information using strategies such as definition, classification etc.

What is comparison?

Comparison is the act of finding out the differences and similarities between two or more people or things.

Or a comparison is an examination of two or more items to establish similarities and dissimilarities.

What is cause and effect?

A cause is something that produces an event or condition.

An effect is what results from an event or condition.

The purpose of the cause-and-effect essay is to determine how various phenomena relate in terms of origins and results.

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Mark wants to add a splash of color to his suit with a new pocket square. He finds that the blue and the teal pocket squares match his suit well.
He flips his business card to decide on a color. To see if the card is a fair model, he flips the card 50 times and records the results in the table.
Which statement is true based on the results in the table?
O A. The two outcomes are equally likely because their relative frequencies are similar.
OB. The two outcomes are not equally likely because 38 is not a multiple of 12.
C. The two outcomes are equally likely because the relative frequency of the card landing faceup is higher than the relative
frequency of the card landing facedown.
OD
The two outcomes are not equally likely because their relative frequencies are significantly different.
Reset
Next

Answers

Answer:

d

Explanation:

Answer: I believe it is D tell me if im wrong

Suppose that the production function is y= 9k^0.5 N^0.5. With this production function, the marginal product of labor is MPN= 4.5K^0.5 N^-0.5. The capital stock is K= 25. The labor supply curve is NS= 100[(1-t)w]^2, where w is the real wage rate, t is the tax rate on labor income, and hence (1-t)w is the after-tax real wage rate.c.Suppose that a minimum wage of w=2 is imposed. If the tax rate on labor income, t, equals zero, what are the resulting values of employment and the real wage? Does the introduction of the minimum wage increase the total income of workers, taken as a group?

Answers

The resulting values for employment and the real wage are 70.3125 and $1.5811 per hour, respectively.

The introduction of the minimum wage does not increase the total income of workers taken as a group.

How to determine employment and real wage

To find the resulting values of employment and real wage, determine where the labor supply curve intersects the labor demand curve.

MPN =

\(4.5K^0.5 N^-0.5 = (9K N)^0.5 / (2KN)^0.5 = (9/2)^0.5 (K/N)^0.5 = w/P

\)

where P is the price of output, which we can assume is equal to 1.

This equation can be rearranged to solve for N:

N =

\((9/2) (K/w)^2\)

Plugging in K = 25 and w = 2, we get:

N =

\((9/2) (25/2^2) = 70.3125\)

To find the real wage, we can plug this value of N into the labor supply curve:

NS =

\(100[(1-t)w]^2 = 100(1-0)(2)^2\)

= 400

Since labor supply exceeds labor demand, the real wage will be bid down to the equilibrium level.

\((9/2)^0.5 (K/N)^0.5 = w/P

(9/2)^0.5 (25/N)^0.5 = 1/2

N = (9/2) (25/2^2) = 70.3125

w = 2(70.3125/100)^0.5 = 1.5811\)

The equilibrium real wage is $1.5811 per hour.

To determine whether the introduction of the minimum wage increases the total income of workers,

Total income before minimum wage = wN = 1.5811 x 70.3125 = $111.31

After the minimum wage of $2 is imposed, the real wage is fixed at $2, and the level of employment is determined by the intersection of the labor supply and demand curves at this wage:

N =

\((9/2) (25/2^2) / (2)^2 = 35.15625\)

Total income after minimum wage = wN = 2 x 35.15625 = $70.31

Since the total income of workers decreases from $111.31 to $70.31 after the minimum wage is imposed, the introduction of the minimum wage does not increase the total income of workers taken as a group.

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The distinction between Buddhist practices and non-Buddhist practices is straightforward.>>>>>
False. Unlike other religions, Buddhist practices are hard to separate from other cultural practices.
False. Like other religions, Buddhist practices blends with other cultural practices.
True. If a practice aims at solving the problem of suffering, then it is Buddhist.

Answers

The distinction between Buddhist practices and non-Buddhist practices is straightforward. So the correct statement is If a practice aims at solving the problem of suffering, then it is Buddhist.

Buddhist states that Human life is full of suffering. In order to get relief from suffering one must involve in helping others and performing good actions which help them in receiving incarnation after death.

Buddhists provided a variety of explanations in a variety of terms and approaches, depending on each person's stage of development, intellectual capacity, and ability to follow directions.

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Plant location decisions have no effect on the future expansion potential of a firm.​

Answers

This statement is not entirely true. The location decision of a plant can have a significant impact on the future expansion potential of a firm. The location of a plant affects the availability of resources, such as labor, capital, and land, which can impact a firm's ability to expand in the future.

For example, if a firm locates its plant in an area with a limited supply of skilled labor, it may face challenges in expanding its workforce in the future. Similarly, if a firm locates its plant in an area with high land costs, it may face challenges in acquiring additional land for expansion.

In addition, local regulations and zoning laws can also impact a firm's ability to expand in certain locations. For example, if a plant is located in an area with strict environmental regulations, the firm may face challenges in expanding its production capacity without violating those regulations.

Therefore, plant location decisions should be carefully considered, taking into account the potential impact on future expansion potential.

Acellus
Help Resources
If a corporation makes $20 million in one year,
after taxes are paid (at 35%), that company
will have a net income of
million
A $7
B. $10
C. $13

Answers

Answer:

A) 7 million

Explanation:

20 000 000 X 35÷100 = 7 million

A misconception is a misunderstanding.
O True
False

Answers

The statement ''A misconception is a misunderstanding.'' is True. A misconception refers to a misunderstanding or a mistaken belief about something.

It is a cognitive error where an individual holds an incorrect understanding of a particular concept, idea, or situation. Misconceptions can arise due to various factors such as incomplete information, misinterpretation of information, cultural influences, biases, or a lack of critical thinking. Misconceptions can be found in various domains, including science, history, language, and everyday life. They can persist even in the presence of contradictory evidence or when confronted with accurate information. Correcting misconceptions is important as they can lead to flawed decision-making, misinformation spreading, and hinder personal and intellectual growth.

Addressing misconceptions requires effective communication, education, and the promotion of critical thinking skills. By challenging and correcting misconceptions, individuals can develop a more accurate understanding of the world around them, make informed judgments, and engage in meaningful discussions based on reliable information.

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Your coin collection contains fifty 1952 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2060, assuming they appreciate at a 5.7% annual rate

Answers

Answer:

$19,909.88

Explanation:

Calculation to determine how much will your collection be worth when you retire in 2060,

Future value = Present value x (1 + r )n

Present value = 50

r = 5.7% or 0.057

n = 2060- 1952= 108

Plugging these values in the above mentioned formula, we shall get:

Future value= $ 50 x ( 1 + 0.057 )^108

Future value= $ 50 x ( 1 +.057 )^108

Future value= $19,909.88 Approximately

Therefore how much will your collection be worth when you retire in 2060 is $19,909.88

2.2 List any TWO characteristics of public goods.​

Answers

Answer:

non-excludable and Non-rivalrous

Q2. The office manager of ABC company has the authority to the whole financial operations. He authorizes activities, controls the company’s expenses, records the company’s transactions, and rarely takes vacation.
The owners of the company are happy with his work since the company is making a profit. You are giving the opportunity to educate the owners about the risk of not implementing internal control. What would be your advice?

Answers

My advice to the owners of ABC Company concerning internal controls affecting the office manager would be as follows:

It is time to promote the office manager. His promotion would relieve him of the responsibilities he handles presently. Promoting him would also enable management to segregate his duties.

Secondly, after implementing the promotion and segregation of duties, management should implement a compulsory annual leave policy. Having a company-wide leave policy bolsters internal controls by preventing and discovering suspicious fraudulent activities.

Thus, if the owners of ABC Company would buy these pieces of advice, they would improve internal controls without offending the hardworking former office manager.

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For each of the following scenarios identify the correct term.
Suppose you are a freshman in college and you have not declared a major. One reason you enrolled at your respective college was the school's vibrant social life. At the same time, you want to balance your academic life because you know that your grades will matter for graduate school or job applications. You decide to forgo partying for two hours to study for an upcoming economics exam.
a. To make that decision you weighed your opportunity cost(s),
You start a part-time job as a package handler at a large delivery company. After training, you start your first shift and your supervisor tells you to unload packages from a single truck. Unfortunately, he tells 5 other people to do the same which causes most of you to stand around and wait for your co-workers to get out of the way. There are several other trucks already on the dock waiting to be unloaded.
b. Which of the following terms best describes what your supervisor has failed at?
a) equity.
b) incentive(s).
c) efficiency.
d. market failure.
c. Your professor is presenting you with_____to major in economics.
You are assigned a final group project for your economics course. One member of your group is really good at finding resources for the project, one is really good at proofreading and editing, and you are really good at making a presentation.
d. Based on this, you know that via___you can complete the project more efficiently than if you all did each part together.

Answers

Solution :

a). Opportunity cost

  In the field of economics, Opportunity cost may be defined as the loss of a potential gain when some other alternatives are chosen from a given set of opportunities.

b). efficiency

c). Our professor presents us the incentives for major in economics.

d). I can complete the project via specialization more efficiently rather than doing it all each part of the project together.

Explain whether each of the following events shifts the short-run aggregate-supply curve, the aggregate-demand curve, both, and neither. Households decide to save a larger share of their income. Florida orange groves suffer a prolonged period of below-freezing temperatures. Increased job opportunities overseas cause many people to leave the country.

Answers

Answer:

1. Households decide to save a larger share of their income. - Aggregate-Demand Curve

If households in the economy started saving more of their money then this would leave less money for consumption which is one of the components of Aggregate Demand. When Consumption decreases so also will Aggregate Demand thereby shifting the Aggregate-Demand Curve to the left.

2. Florida orange groves suffer a prolonged period of below-freezing temperatures. - Short-run Aggregate Supply Curve

With the Florida Orange Groves suffering from below freezing temperatures, the oranges will not grow as much leading to a poor harvest. This will reduce the supply of oranges in the economy and shift the short-run Aggregate supply curve left.

3. Increased job opportunities overseas cause many people to leave the country. Both Aggregate-Demand Curve and Short-run Aggregate Supply Curve.

With less people in the Economy, there will be less people spending on goods and services which will cause the Aggregate Demand curve to shift to the left.

Also with people leaving the country, the labor force will decrease which will mean that less people are available to produce goods and services so the short-run Aggregate supply curve will shift left.

what my friend sent me ;-;
(sorry if its blurry)

what my friend sent me ;-;(sorry if its blurry)

Answers

Aww how sweet love it

Suppose that in a certain country called Litigia, patients do not have the legal right to sue their medical insurance providers.

Now, suppose, however, that Litigia's government passes legislation that no longer protects medical insurance providers from lawsuits, so that patients in Litigia can now sue their insurance providers.

After the legislation is passed, what will happen to the price of medical insurance and the number of medical insurance policies sold?


The price will decrease, and the number of medical insurance policies sold will also decrease.

The price will increase, while the number of medical insurance policies sold will decrease.

The price will decrease, while the number of medical insurance policies sold will increase.

The price will increase, and the number of medical insurance policies sold will also increase.

Answers

C) The price will decrease, while the number of medical insurance policies sold will increase.

What is legislation?

Legislation is the process by which local, state, or federal legislatures draft and enact laws. It is occasionally used to refer to municipal ordinances as well as the rules and regulations passed by administrative bodies while they were performing their delegated legislative duties.

The legislation involves participation from the executive branch in addition to action by a legislative body. Unless the executive's veto is overridden by a large enough majority in each house of the legislature, legislation cannot become law without the executive's concurrence. Additionally, the executive's job involves much more than just consent or opposition.

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What are 5 reasons companies use policy handbooks

Answers

1. Details your mission, vision and values
2. Minimizes risks
3. Addresses employee expectations
4. Sets expectations for employee conduct and performance
5. Communicates company policies and expectations

How do I find a digital marketing services?

Answers

To find digital marketing services, you can follow several steps such as define your goals, research and compare, assess their services, etc.

Define your goals: Determine what you want to achieve with digital marketing, such as increasing website traffic or improving social media presence.

Research and compare: Look for reputable digital marketing agencies or freelancers online. Read reviews, testimonials, and case studies to assess their expertise and track record.

Assess their services: Check if the digital marketing service providers offer the specific services you need, such as search engine optimization (SEO), pay-per-click (PPC) advertising, social media management, content marketing, or email marketing.

Request proposals: Reach out to the selected digital marketing service providers and request detailed proposals. Ask about their strategies, timelines, pricing, and expected results.

Consider experience and expertise: Evaluate the agency's experience in your industry and their expertise in using various digital marketing channels and tools.

Communication and collaboration: Assess their communication skills and willingness to understand your business needs. Look for a provider that can collaborate effectively with your team.

Budget considerations: Compare the costs of different service providers and ensure they align with your budget and expected return on investment.

Select the right fit: After thorough evaluation, choose a digital marketing service provider that best matches your requirements, expertise, and budget.

Remember to conduct due diligence before finalizing an agreement and ensure the provider aligns with your long-term goals and values.

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