3. Which of the following is consistent with the basic economic postulate that incentives
matter?
Consumers buy fewer cars when the price of cars rises.
a.
b. Farmers produce less corn when corn prices decline.
C. A politician votes for a subsidy when it is in the best interest of a special interest group
within his district even if it might harm other voters.
d. All of the above.
Answers
All of the given option are consistent with the basic economic postulate that incentives matter.So, option (d) is correct answer.
What is economic incentives?Economic incentives are financial perks offered to individuals to change their patterns of consumption and output in an economy. Most often, economic incentives are used to alter people's behavior such that desired results appear naturally.
Economics as a whole is based on the straightforward tenet that shifts in incentives have predictable effects on how people behave. Incentives are influenced by both monetary and non-monetary factors.
People will be less inclined to select something if it becomes more expensive. In turn, consumers will be more inclined to select an alternative as the benefits associated with it grow. This straightforward notion, often known as the basic postulate of economics, is an effective tool because it pertains to practically everything we do. Less people will select an option as it grows more expensive.
So, above postulate is satisfied by all options given to us.
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Related Questions
Morris purchased shares of FB at $230. If he doesn't want to lose more
than 5% of his investment, at what price should he set a stop-loss at? *
$11.50
$115
$218.50
$225
Answers
Answer:
a because they lost 5% of it so subtract that by 230 and that's how u get it
Explanation:
I'm not sure
Drag each option to the correct location.
Match the scenarios to the factors that affect the labor market.
foreign direct investment
outsourcing
immigration
Answers
Each scenario should be matched to the factors that affect the labor market as follows:
Immigration: Carlos is moving from Mexico to the United States because he got a job in a bank. He had his interview last month, and the bank agreed to hire him because he was willing to work for 10% less than most American workers, even though he has the same qualifications.Foreign direct investment: A US supermarket chain is going to open a few supermarkets in Europe because a recent survey showed that the chain has a huge potential for profits in Europe.Outsourcing: A renowned US information technology firm has recently signed a contract with a company based in the Philippines. The Filipino company will handle the accounts of the US firm. The US firm made this decision to reduce labor costs.What is immigration?Immigration can be defined as the movement of a group of people from one geographical region to another geographical destination such as a city, especially in search of any of the following:
Good governanceSecurityBetter living conditions.WorkJobsSocial amenitiesWhat is a foreign direct investment?A foreign direct investment (FDI) simply refers to a type of investment which is made by an individual or business organization (investor) into an investment market that is located in another country.
In conclusion, an example of foreign direct investment (FDI) is a US supermarket chain that is planning to open a few supermarkets in a country in Europe.
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Answer:
Post Test: Free Market and Businesses
Unit: 2
Economics
Question #12
__________________________________________________________
This is 100% right because I took the test
Go to explanation for picture with answers
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Explanation:
Here's the picture and I hope this helped!
Have a nice day!
Your new health insurance has a $4000 deductible. What does that mean?
Answers
how do i friend other ppl
Answers
Answer:
got to their page and press friend
Explanation:
Answer:
lipor was right
Explanation:
go to the page and you will see "Friend".
similarities between single column cash book and double column cash book
Answers
Answer:
Both single column cash book and double column cash book are similar because they both record cash payments
Explanation:
A cash book is a book or journal used to record all business transactions within a particular period like receipts, disbursements, bank deposits and bank withdrawals. They are different cash books namely: single column cash book, double column cash book and triple column cash book.
A single column cash book is used to record payments in form of cash while a double column cash book records both cash payments as well as bank transactions.
Both single column cash book and double column cash book are similar because they both record cash payments
errors in inventory count pow corp. accidentally overstated its previous year ending inventory by $750. assume that the current year ending inventory is accurately counted. the error in the previous year will have what effect on pow corp.?
Answers
If ending inventory is overstated, the cost of goods sold would be understated, and net income would be overstated by the overstated amount of inventory.
Further, beginning inventory would be understated in year two, understating 2018's net income. Therefore, in this case 2018 net income is overstated by $750 and 2019 net income would be understated by $750.
What makes up the final inventory?The total value of the goods you have available for sale at the end of an accounting period, such as your fiscal year, is your ending inventory. It is a method of inventory accounting that enables businesses to accurately check stock, obtain financing, and benchmark net income.
Why is it important to end inventory?Accounting, tax, and business management all rely on ending inventory tracking. Ending inventory can be one of the company's most valuable assets, so its accurate tracking and valuation are critical. The company's cost of goods sold (COGS) is also affected by the method of inventory valuation chosen, which has an effect on gross and net profit as well as tax liability.
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A commercial building would be classified as a(n)
part.
piece of equipment.
installation.
supply.
Answers
Answer:
installation.
Explanation:
A commercial building would be classified as an installation.
Answer:
supply
Explanation:
because from there supply willl be done
Residual income is a measure used to evaluate managers of blank______ centers. .
a) cost
b) investment profit
c) profit & investment
Answers
Residual income is a measure used to evaluate managers of blank investment profit centers.
Residual income is a financial performance measure that assesses the profitability and effectiveness of an investment center or division within a company. An investment center is a specific organizational unit that has control over its own revenues, costs, and invested capital.
Residual income is calculated by subtracting a charge for the use of invested capital (the required rate of return) from the operating income of the investment center.
It represents the income generated by the center above and beyond the minimum required return on the invested capital. By using residual income, managers can be evaluated based on their ability to generate excess income and maximize the return on investment.
Therefore, the correct answer is b) investment profit.
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What role does product/service management play in marketing?.
Answers
Answer:
El Marketing de Servicios es un conjunto de tácticas que tienen como objetivo agregarle valor al servicio ofrecido, con el fin de persuadir al cliente para que opte por una determinada empresa. A través de una estrategia de Marketing de Servicios, es posible garantizar la máxima satisfacción de consumidores y usuarios
Explanation:
Answer:
✒️Answer:Product/service management is a marketing function that involves obtaining, developing, maintaining, and improving a product or service mix in response to market opportunities.
Explanation:
#CarryOnLearning\(watch.some.anime\)
An electronics store sells specialty headphones for $100. They usually sell 5
pairs per day and purchase 150 pairs from their suppliers per month.
According to the law of supply, which outcome would be most likely if the
store could sell the headphones for $120 without losing customers?
A. The store would purchase 175 pairs per month,
B. The store would sell 3 pairs per day.
C. The store would sell 7 pairs per day,
D. The store would purchase 100 pairs per month.
Answers
D. The store would purchase 100 pairs per month
As the electronics store sells specialty headphones for $100. They usually sell 5 pairs per day and purchase 150 pairs from their suppliers per month. According to the law of supply, if the store could sell the headphones for $120 without losing customers then it would have to sell 7 pairs per day.
What is Law of supply?
Law of supply is a fundamental principal of Economic theories. It states that keeping all the other factors at constant, an increase in the the price of the product results in the increased supply of that product.
What is the Formula of Law of Supply?Qs = x + yP
Where:
n Qs = the quantity supplied
n X = quantity
n P = price
n Y = variable
Hence option C is the correct answer.
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Match the requirements for application to the type of school.
1. requires high school transcripts or GED application
graduate school
2. requires high school transcripts as well as the SAT or ACT, which demonstrate the ability to succeed
career or technical program
3. requires college transcripts that demonstrate a bachelor’s degree was earned; may require the GRE or another specific exam that demonstrates the ability to succeed in a specific program
Things to match to: graduate school, career or technical program, and university
Answers
Answer:
1. graduate school
2. career or technical program
3. university
Explanation:
I'm assuming after thoroughly reading your long descriptions.
7.3.3 Test (CST): Payables and Receivables
Question 13 of 20
What is the first step in the accounts payable process?
A. processing invoices for payment
B. preparing a schedule of accounts payable
O C. posting to a subsidiary ledger
D. analyzing purchase transactions
Answers
The analysis of purchase transactions is the first step that is involved in the process of accounts payable.
What are accounts payable?Payments which are yet to be made, but have been accrued as received by the seller, are known as accounts payable. They are shown as liabilities in the balance sheet of the organization.
While sorting the purchase transactions, it can be determined which of the purchases have already been paid and which are to be posted to the accounts payable.
Hence, option D explains the initial step involved in the accounts payable process.
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To generate a high volume of traffic to your web site, you should launch a full-scale campaign using both ____ and traditional promotional techniques.
Answers
To generate a high volume of traffic to your website, you should launch a full-scale campaign using both digital marketing strategies and traditional promotional techniques.
Digital marketing strategies are critical in today's digitally connected world. They involve methods like Search Engine Optimization (SEO), Pay-Per-Click (PPC) advertising, social media marketing, content marketing, email marketing, and influencer marketing. These techniques can help your website rank higher on search engine results, attract the attention of your target audience, and effectively engage users.
However, traditional promotional techniques should not be overlooked. They include strategies like TV and radio advertisements, print advertising, direct mail, and public relations efforts. These can extend your reach beyond the digital sphere, capture the attention of a wider demographic, and reinforce your brand message. Integrating both digital and traditional promotional techniques can give you a balanced and wide-reaching marketing campaign that drives high web traffic.
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In her novel Sense and Sensibility, Jane Austen wrote, "If you observe, people always live forever when there is any annuity to be paid them." Relate this quotation to the issue of adverse selection in annuity markets.
Answers
The quotation by Jane Austen, "If you observe, people always live forever when there is any annuity to be paid them" relates to the problem of adverse selection in annuity markets.
Adverse selection is a common issue in insurance markets where the people who are more likely to make a claim are also more likely to buy the policy. In the case of annuity markets, this means that people who are more likely to live a longer life are more likely to purchase an annuity.The quote by Jane Austen means that people who have an annuity payment due will live longer, which relates to the problem of adverse selection in annuity markets.
This is because people who purchase an annuity are typically those who expect to live longer, which can be a problem for insurance companies who have to pay out more money as a result.
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this shows a lender, if you have a good track record of paying debts. A. loan B.profit planning C. SBA D. credit rating
Answers
Answer:
The big three C's – Credit, Capacity, and Collateral – are really the drivers how lenders determine who gets a loan, how much they'll loan, and what the interest charge will be.What is an appraisal? Why is it usually included in the closing costs for buying a home?
Answers
The procedure through which a real estate evaluator attempts to discover the fair market value of a home is called a home appraisal. They are frequently used to calculate property taxes, appraisals are typically required in regions.
What is the closing cost?Additional expenses and charges that must be paid at the end of a transaction in real estate that is not included in the property's purchase price is referred to as Closing cost.
A home appraisal is employed to determine a property's worth. Lenders impose these fees in exchange for approving your loan.
Prior to comparing a home to actually acquired properties in the local housing market, licensed real estate evaluators to look at its features and state.
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Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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The reason why estimators have a sampling distribution is that
a. Economist is not a precise science
b. Individuals respond differently to incentives
c. In real life you typically get to sample many times
d. The values of the explanatory variable and the error term differ across samples
Answers
Option a is the correct answer. The reason why estimators have a sampling distribution is that economist don not have a precise science.
In statistics, estimators are used to make inferences about a population based on a sample of data. Estimators are important because they allow us to make predictions about a population based on a limited amount of data, which is often all that is available in real-world applications.
The reason why estimators have a sampling distribution is due to the randomness involved in selecting a sample. When a sample is selected, it is not a perfect representation of the population, and there is always some error involved in estimating the population parameters based on the sample data. This error is known as sampling error, and it results in different estimates from different samples.
The sampling distribution of an estimator is a theoretical distribution that describes the distribution of all possible estimates of the population parameter based on all possible samples of a given size. This distribution helps us understand how different samples will affect our estimate of the population parameter and how much variability we can expect in our estimates.
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In what ways does IKEA participate in strategic alliances? 2- What non-equity alliances have shown success? 3- How do these partnerships relate to maintaining IKEA's competitive advantage as the world's largest furniture retailer? As you have learned about CSR- Corporate Social Responsibility and firm value creation earlier in the course, answer the following questions: 4- Define what constitutes success for IKEA and success for the nonprofit partner. 5- What resources and capabilities does each party bring to the alliance? Refer to Exhibit 9.4- How to Make Alliances Work to consider which of these governance considerations would be most relevant to this particular type of non-equity alliance. 6- With M&A in mind, find out if IKEA has acquired other companies in the past ten years? Explain why IKEA has decided to acquire other companies. Does the acquisition bring a Competitive Advantage to IKEA? Explain how
Answers
1) IKEA participates in strategic alliances through collaborations with suppliers, designers, and other industry partners to enhance its product offerings, expand its market reach, and improve operational efficiency.
2) Non-equity alliances that have shown success for IKEA include partnerships with NGOs, social enterprises, and other organizations for initiatives related to sustainability, community development, and social impact.
3) These partnerships contribute to maintaining IKEA's competitive advantage by aligning with the company's values and mission, enhancing its brand reputation, and addressing social and environmental challenges that are important to customers and stakeholders.
4) Success for IKEA in these alliances involves achieving sustainability goals, fostering positive social impact, and enhancing the company's brand image. Success for the nonprofit partner includes receiving support and resources to fulfill their mission and creating meaningful change in the communities they serve.
5) In alliances, IKEA brings its global brand recognition, extensive supply chain network, design expertise, and financial resources. Nonprofit partners contribute their knowledge of social and environmental issues, community relationships, and specialized expertise in areas of focus.
6) IKEA has made acquisitions in the past ten years, such as the acquisition of TaskRabbit in 2017, a platform for on-demand services. Acquisitions allow IKEA to expand its service offerings, integrate new technologies, and enhance customer experience. These acquisitions can bring a competitive advantage by providing additional capabilities and diversifying revenue streams.
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What is your primary source of investment funds?
A. Saving or personal income
B. Pension or retirement
C. Insurance payout
D. Inheritance
E. Gift
F. Sale of business or property
G. Something else
Answers
Answer:
A. Saving or personal income
Explanation:
Your client, a builder, is considering buying three adjacent lots. They each have the same depth: 275 feet. Lot A is 35,750 s.f., Lot B 53,900 s.f., and Lot C is 33,000 s.f. If your client buys all three lots, what total street frontage will he have?
Answers
If he buys all three lots, the client will have a total street frontage of 350 feet.
What are squared feet?The squared feet are obtained by multiplying the length by the width. This translates to Length (in feet) x width (in feet) = area in sq. feet.
The length or width of squared feet of an area is equal to the square root of the area.
The formula to calculate the area of the square is:
Area of a square = Side²
Side = √Area
Data and Calculations:Square feet of Lot A = 35,750
Square feet of Lot B = 53,900
Square feet of lot C = 33,000
Total square feet of the three lots = 122,650
The square root of 122,650 squared feet or √122,650 = 350 feet
Thus, if your client buys all three lots, the total street frontage will have is 350 feet.
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When consumers in the United States buy products made by China, they are buying imported goods.
True or False
Answers
What is TRUE about the prevalence of diversity in the modern workplace?
Diversity in the workplace has continued to increase.
Diversity in the workplace has continued to decrease.
Diversity in the workplace has shown no increase or decrease.
There is no data to track diversity in the workplace.
Answers
In summary correct option for this question is Diversity in the workplace has continued to increase.
Why is it?
There has been a growing recognition among organizations of the importance of diversity and inclusion in the workplace. With increased awareness, companies have made efforts to increase the representation of diverse individuals among their employees.
This has resulted in a trend towards increasing diversity in the workplace over the past few decades. Diversity in the workplace refers to the representation of people from different backgrounds, including race, ethnicity, gender, age, sexual orientation, religion, and more.
Having a diverse workforce can lead to many benefits, including increased creativity, innovation, and problem-solving abilities, as well as greater employee engagement and job satisfaction
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The risk-reward relationship says:
Answers
You are the manager of a project that has an operating leverage rating of 2.8 and a required return of 14 percent. Due to the current state of the economy, he expects sales to decrease by 7 percent next year. What change should you expect in operating cash flows next year given your sales forecast?
Answers
Answer:
The change should you expect in operating cash flows next year would be 19.60%
Explanation:
In order to calculate the change should you expect in operating cash flows next year given your sales forecast we would have to make the following calculation:
change should you expect in operating cash flows=operating leverage rating*percentage of decrease sales next year
change should you expect in operating cash flows=2.8*0.07
change should you expect in operating cash flows=19.60%
The change should you expect in operating cash flows next year would be 19.60%
which of the following statements is correct? a) ethical conflicts usually arise in trying to serve the needs of separate constituents. b) setting ethical standards is always clear-cut. c) the ethical values of individual employees have no influence on the decisions and actions a business takes. d) setting ethical standards is easy.
Answers
a) Ethical Conflicts usually arise in trying to serve the needs of separate constituents.
Ethical Conflicts arise when team members lack unity and share ethical priorities. According to research, only 16% of ethical quandaries are the result of bribery, corruption, or anti-competition issues.
The vast majority of these quandaries are not related to corruption in and of themselves, but rather to one of three factors: competing interests, misaligned incentives, or clashing cultures.
A leader who is asked to lead mergers and acquisitions, reduce staff numbers, or sell large businesses in major markets may face competing interests, which could create an ethical conflicts.
When a company rapidly expands, especially globally, the ethics or interests of one culture may clash with those of another.
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which of the following examinations involves complex issues that require more advanced knowledge of the internal revenue laws and accounting skills
Answers
The examination that involves complex issues requiring more advanced knowledge of the internal revenue laws and accounting skills is the "Enrolled Agent Examination."
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Which document determines the number of shares in a company? a stock prospectus an annual bill of rights a corporate charter an annual report
Answers
Answer: Corporate charter
Explanation:
The corporate charter is also referred to as the articles of incorporation. It is a document that contains the major components that make up a company, like the objectives of the company, the structure of the company, the number of shares the company has for sale and the planned operations of the company.
When a corporate charter is approved by the state, then the company will become a legal corporation. The corporate charter also contains the names of the people that are involved in its formation.
Answer:
The answer is (c) coporate charter
Explanation:
How is a decision-making grid an example of cost-benefit analysis?
Answers
Answer:
A decision-making grid is an example of cost-benefit analysis because it helps to weigh the costs and benefits of a particular decision. The grid outlines the various options available and provides a visual representation of the pros and cons of each option. The cost-benefit analysis helps to determine which option is the most beneficial and cost-effective.
Explanation:
Best Goods, one of the leading department store chains, offers goods at low prices. It recently opened many new stores across the country. After successfully setting up stores in most major cities, Best Goods faced substantial opposition in the city of Joberg, where lobbyists for smaller general stores (local businesses) opposed its entry. These lobbyists argued that Best Goods would put many local stores out of business and would also increase income inequality and unemployment in the city.
Which of the following, if true, would weaken the stand of the lobbyists?
A.
The price level in the economy has been rising in the recent past.
B.
It is common for traditional retailers to modernize and successfully compete with organized retailing.
C.
The country has a proportional tax structure, where the amount of tax paid is proportional to income earned.
D.
Compared to most other cities in the country, the average income level of Joberg's population is higher.
E.
The net impact on employment in Joberg is expected to be negative.
Answers
The price level in economy has been rising in recent past would weaken the stand of lobbyists.
What is lobbying?Lobbying, persuasion, or interest representation are terms used in politics to describe the activity of using legal means to try to sway the judgments, actions, or policies of public officials, most frequently politicians or regulators. Lobbyists, a voter or group of voters in their electoral district, can be considered one of a legislator's constituents. Those who lobby can make a living doing so. Professional lobbyists work for an organization or individual that pays them to try to sway legislation, regulations, or other decisions, acts, or policies of the government. Furthermore, individuals and charitable organizations may lobby as a side endeavor or a minor aspect of their normal work. It's arguable if it's morally right or bad to use legal means of lobbying, purchasing influence, or accepting gifts.
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