When consumed, many goods and services have an impact on other people not using the product. which word describes this impact?
Answers
The substitution effect is defined as the outcome of consuming various goods and services on those who do not use them.
What do you understand about the Substitution effect?The substitution effect is the decline in product sales that results from customers switching to less expensive substitutes when the product price increases. Alternately, the term "substitution effect" describes the shift in demand for a commodity brought on by a change in the price of the well relative to other substitutes. For instance, when beef costs increase people tend to buy more chicken or turkey. Customers purchase store-brand coffee in response to an increase in the price of premium coffee at a coffee shop. Consumers choose generic substitutes as designer prescription drug prices rise.
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Related Questions
If the united states government raises the income taxes on the wealthiest americans, while increasing welfare payments to the poorest americans, the result will likely be.
Answers
If the United States government raises the income taxes on the wealthiest Americans, while increasing welfare payments to the poorest Americans, the result of wealth redistribution will likely be reduced efficiency and increased equality.
What is wealth redistribution?Wealth redistribution is the economic policy of reducing inequality.
However, increasing equality or reducing inequality decreases economic efficiency.
For example, wealth redistribution reduces the wealthy's incentives to increase wealth by producing more goods and services.
Consequently, fewer goods and services (wealth) are produced for society. When this happens, the economic pie is reduced and the economy is less efficient.
Thus, the result of wealth redistribution will likely be reduced efficiency and increased equality.
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Which are the roles of a bank? Check all that apply.
Storing and holding money
Making purchases to create profits
Lending money
Investing in the economy
Creating money for the economy
Answers
Main purpose of banks
Keep money safe for customers.
Offer customers interest on deposits, helping to protect against money losing value against inflation.
Lending money to firms, customers and homebuyers.
Offering financial advice and related financial services, such as insurance.
The roles a bank plays includes:
Storing and holding moneyLending moneyWhat are banks?A bank is a financial institution that accepts deposits, lends money, stores valuables from customers. The activites of banks are guided by the Central Bank. The Central Bank is responsible for creating money in the economy.
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Jennifer sells bracelets for $35. She sells 10 bracelets. Her materials cost $10. What is Jennifer's net profit?
Answers
Answer: Jennifer's net profit is going to be $35.
Explanation:
Jennifer's net profit is $35 because if the bracelets cost $10 to make and you subtract $45 & $10 your going to get $35.
what is cooperative skill
Answers
While overall labor union membership has been declining over the last few decades, which type of workers has the highest percentage of union membership
Answers
The workers that have the highest percentage of union memberships are those in
educationtraininglibrary occupationsWhat is a labor union?This is a term that is used to refer to the labor unions that are formed in order to represent the workers that are in a country.
The unions are known to represent workers in terms of benefits, wages and labor hours.
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The amount of unemployment that an economy normally experiences is called the :
a) average rate of unemployment.
b) natural rate of unemployment.
c) cyclical rate of unemployment.
d) typical rate of unemployment.
Answers
The natural rate of unemployment represents the amount of unemployment that an economy normally experiences.
The natural rate of unemployment is the level of unemployment that exists when an economy is operating at its full potential and is not experiencing any cyclical fluctuations. It is the rate of unemployment that is consistent with the underlying structure of the labor market, including frictional and structural factors. It reflects the normal functioning of the economy and is independent of short-term business cycles.
The natural rate of unemployment is determined by various factors such as demographics, labor market institutions, and the matching process between job seekers and job vacancies. It is considered the "baseline" level of unemployment in an economy and serves as a reference point for policymakers to assess the health of the labor market and formulate appropriate economic policies.
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In the early years of an asset's life, a firm using the double-declining balance method, as compared to a firm using straight-line depreciation, will report higher a. tax expense b. operating cash flow c. operating income
Answers
The correct answer is a. tax expense. When using the double-declining balance method, the depreciation expense is higher in the early years of an asset's life compared to the straight-line method. This results in a lower taxable income, which in turn reduces the tax expense.
However, in later years, the opposite may occur as the depreciation expense decreases rapidly with the double-declining method, resulting in higher taxable income and tax expense.
In the early years of an asset's life, a firm using the double-declining balance method, as compared to a firm using straight-line depreciation, will report higher operating income. This is because the double-declining method results in larger depreciation expenses initially, which reduces taxable income and tax expense, leading to higher operating income.
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A consulting company won a $20.8 million three-year contract. The contract requires software development, hosting, and maintenance over three years. The total estimated cost of the project is $17 million, with $10 million expected in Year 1, $5 million in Year 2, and $2 million in Year 3. The billing schedule shows that $5 million will be billed upon start of the work, and then $5 million at each year end. At the end of the first year, the actual cost incurred is $9 million, and total estimated costs are unchanged at $17 million. Using the percentage-of-completion method, how much revenue should be recognized at the end of the first year
Answers
Answer:17%
Explanation: I just want points
Which of the following best describes a stock.
A) An incredibly stable investment that is always a safe investment
B) Is insured by the FDIC
C) Represents a share of ownership of a corporation
D) Only sold in the United States
Answers
Answer: C
Explanation: A stock represents a share of ownership of a corporation. Stocks are bought by people so they can get money. If the company's stock they by it from goes well, they get money as well as interest. The answer is C. Hope this helps!
Calculate cost of goods sold given the following: sales = $670, depreciation = 128, interest expense = $170, net income = $60 and a tax rate of 20%
Answers
Lowest activity units) = ($193,000 - $117,000) / (10,000 - 5,000) = $76,000 / 5,000 = $15.20 per unit for variable cost per unit.
The level of operating leverage reveals the company's fixed costs. The amount of operating leverage will increase as fixed costs rise. A prepositional formula can be used to estimate operating leverage, Ratio of contributions to net operating income. Our formula for the contribution margin is CM equals Net revenue minus all variable costs. Contribution Margin: $88,400 minus $37,400 for a total of $51,000. $51,000 / $34,000 is the operating leverage's magnitude. = 1.50. The high-low technique can be used to calculate both fixed and variable production costs: (Highest activity cost - Lowest activity cost) / (Highest activity units - Lowest activity units) = ($193,000 - $117,000) / (10,000 - 5,000) = $76,000 / 5,000 = $15.20 per unit for variable cost per unit.
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for which of the following to work must both parties be online at the same time, and the receiver of a message be willing to accept messages?
Answers
In instant messaging, both parties are online at the same time, and the receiver of a message is willing to accept the messages.
A message is a discrete unit of conversation intended with the aid of the supply for intake by way of a few recipient or group of recipients. A message can be added by numerous way, along with courier, telegraphy, service pigeon and digital bus. A message can be the content material of a broadcast. An interactive change of messages bureaucracy a communication. One instance of a message is a press release, which may additionally range from a quick document or assertion launched by using a public business enterprise to industrial exposure cloth.
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Which of these is reported first on a balance sheet?
Answers
All assets are stated first, followed by liabilities (typically in order of liquidity1). Each future economic gain held or managed by the corporation (its assets) as well as its obligations (liabilities) are depicted. (Optin B)
What is a balance sheet?A balance sheet is a summary of an individual's or organization's financial balances, whether it is a sole proprietorship, a commercial partnership, a corporation, a private limited company, or another organization such as a government or not-for-profit agency.
A balance sheet provides a picture of your company's financial situation at any given time. A balance sheet, together with an income statement and a cash flow statement, may assist business owners in evaluating their company's financial status.
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Business analytics uses _____ to gain insight into data and provide decision makers with information they can act on.
Answers
Predictive Modelling is used in Business Analytics to get insight into data. Decision-makers in turn rely on the information provided for steering the direction of the organization.
What is Predictive Modelling?It should be noted that this is a mathematical process that is utilized in the prediction of future events based on historical data which have been analyzed.
Travelling Data for 2021, for example, maybe collected from Airlines in a particular city in the US and analyzed to see how much traveling people are likely to do in 2022 using tools such as time-series regression models.
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the standard deviation is a better measure of risk than the coefficient of variation if the expected returns of the securities being compared differ significantly.
Answers
Answer:
False
Explanation:
Which of the following terms refers to two companies combining to form a new company?
A. Joint venture.
B. Merger.
C. Acquisition.
D. Spin-off.
Answers
Answer:
B. Merger.
Explanation:
According to the given situation when two organization work together to establish a new organization for a purpose or we can say that for the benefit of the organization that is known as merger.
Merger basically may be defined as it is the mixture of two things, mainly of an organization.
Therefore the as per the above explanation the correct answer is B. Merger.
Accounts used to accumulate information until it is transferred to the owner’s capital account.
a. True
b. False
Answers
The statement is true, Accounts used to accumulate information until it is transferred to the owner’s capital account.
Temporary accounts are those used to store data until it is moved to the owner's capital account.
What do accounts mean?The amount of money you have accessible in your checking or savings account is known as your account balance in the world of banking. The net amount remaining in your account after all deposits and credits have been balanced against any charges and debits is your account balance.
Permanent accounts are those that are used to save data from one fiscal period to the next.
Real accounts are another name for permanent accounts.
Temporary accounts are those used to store data until it is moved to the owner's capital account.
Nominal accounts is another name for temporary accounts.
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Brian Miller is taking over the top HR job at a company that has been moving fast without a strategic HR vision. Which of the HR functions would you recommend that Miller prioritize
Answers
An HR function Brian Miller should prioritize is Human resource planning (HRP).
Who is an HR manager?Human resource management is a strategic approach to the effective and efficient management of people in a business or organization so that they can assist the company to acquire a competitive advantage. It is intended to maximize staff performance in support of an employer's strategic goals. Human resource management is concerned largely with the management of people inside organizations, with an emphasis on policies and systems. Human resources departments are in charge of overseeing employee-benefits design, employee recruiting, training and development, performance appraisal, and reward management, which includes managing pay and benefit systems.Functions of HR jobs are:
Human resource planning.Recruitment and selection.Performance management.Learning and development.Career planning.Function evaluation.Rewards.Industrial relations.An HR function Brian Miller should prioritize is:
Human resource planning:
Human resource planning (HRP) is the ongoing process of planning ahead in order to make the most use of an organization's most important asset—quality workers. Human resource planning ensures that personnel and occupations are a good fit while preventing manpower shortages or surpluses.Therefore, an HR function Brian Miller should prioritize is Human resource planning (HRP).
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When a licensing requirement is designed merely to raise revenue, a contract made by an unlicensed person is generally enforceable. true false
Answers
When a licensing requirement is designed merely to raise revenue, a contract made by an unlicensed person is generally enforceable. this statement is true.
What is licensing requirement?The practice of combining licensing requirement elements, such as public relations, social media, audience analytics, business growth concepts, and advertising, into a brand identity that is constant across various media channels is known as integrated marketing communication (IMC).It enables both public and private organizations and corporations to provide an enjoyable and smooth licensing requirement for a good or service, as well as to enhance an organization's reputation and connections with stakeholders.People with experience in licensing requirement communications may look for work throughout the marketing and communications sectors, in professions including journalism, market research and licensing requirement, public relations, non-profit and government, entertainment, television and radio, and other related businesses.To know more about licensing requirement with the given link https://brainly.com/question/14331071
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The U.S. income tax structure ______. (Select all that apply.) Multiple select question. has one rate structure that applies to all types of taxpaying entities provides for opportunities to tax plan using differences in tax rates and provisions across entities includes similar provisions for the computation of taxable business income across all taxable entities
Answers
All countries of the world have their peculiarities, The United States income tax structure has the following:
provides for opportunities to tax plan using differences in tax rates and provisions across entities.includes similar provisions for the computation of taxable business income across all taxable entities.The United States Income Tax structure
There are seven tax groupings for ordinary income for the 2021 tax year: 10%, 12%, 22%, 24%, 32%, 35% and 37%. One's tax bracket relies on one's taxable earnings and one's documented status: single, married filing jointly or widow(er), married filing separately and head of household.
Therefore, the correct features of the United States income tax structure are as given above.
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One cost of starting your own business is
A. Loan payments on a small business loan
B. Escrow
C. Revenue
D. PMI
Answers
Answer:
A. Loan payments on a small business loan
Explanation:
One cost of starting your own business is loan payments on a small business loan.
In which type of economy is a business owner most likely to benefit from free enterprise?
Answers
hope this helps
Answer:
Sole proprietorship
Explanation:
I’m not 100% sure but it’s a sole individual business
A _____ ends employment due to inappropriate work behavior.
a. termination
b. transfer
c. layoff
d. discharge
Answers
A D) discharge ends employment due to inappropriate work behavior.
Discharge is the act of terminating an employee's employment due to inappropriate work behavior. This can be a result of breaking company policies, violating workplace rules or engaging in unacceptable behavior.
An employer may choose to discharge an employee as a last resort after trying other methods of correction such as warnings, suspension or reprimands.
Therefore, correct answer is option D
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Assume that the market for soybeans is purely competitive. Currently, firms growing soybeans are earning positive economic profits. In the long run, we can expect Multiple Choice new firms to enter, causing the market price of soybeans to fall. new firms to enter, causing the market price of soybeans to rise. some firms to exit, causing the market price of soybeans to fall. some firms to exit, causing the market price of soybeans to rise.
Answers
Answer:
I don't understand what the question is supposed to be?
A country has a trade deficit of $20 billion with its trading partners (
year. Which change would cause the country to have a trade surplus the
following year, assuming everything else remains the same?
A. The country increases its exports by $30 billion.
B. The country increases its imports by $30 billion.
C. The country decreases its exports by $10 billion.
D. The country decreases its imports by $10 billion.
Answers
D) The nation reduces its exports by $30 billion, the change would result in a trade deficit the following year for the country that had a trade surplus of $20 billion in one year.
When imports rise faster than exports, a trade deficit occurs. If the country increases its exports by $30 billion, decreases its imports by $10 billion, or increases its imports by $10 billion, it cannot have a trade deficit.
As a result, the country will only experience a trade deficit if its exports decrease by $30 billion while the rest of its exports remain unchanged.
With an example, what is a trade deficit?A country has a trade deficit when its imports exceed its exports over a given time period. A negative balance of trade (BOT) is another name for this situation. There are several ways to determine the balance, including: goods (also called " merchandise”), goods and services, and services and goods.
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Full Question = A country has a trade surplus of $20 billion with its trading partners over a
year. Which change would cause the country to have a trade deficit the
following year, assuming everything else remains the same?
A. The country increases its exports by $30 billion.
B. The country decreases its imports by $10 billion.
O C. The country increases its imports by $10 billion.
O D. The country decreases its exports by $30 billion.
Positive external trends or changes that provide unique and distinct possibilities for innovating and creating value are called _____________.
Answers
Positive external trends that provide individual and distinct possibilities for innovating and making value are called Opportunities.
These are shallow clear trends or products that offer unique and special possibilities for creation and value creation. These are external factors that might provide a business with a competitive benefit with distinct possibilities for innovating and creating deals.
If a government reduces taxes, a car factory can ship its vehicles to a new market, increasing deals and need share. Thus, these are the opening chances for something cheerful to take place. External environmental elements are the aspects outside the firms that impact the business.
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Which of the following statements describes how losses will be settled if a property insurance policy is written on a replacement cost basis?
(a) Losses are settled without the applicable deductible.
(b) Losses are settled without a deduction for depreciation.
(c) The insurer must replace the damaged or destroyed property in lieu of a cash settlement.
(d) The policy is converted to a valued policy.
Answers
The following statement describes how losses will be settled if a property insurance policy is written on a replacement cost basis: Losses are settled without a deduction for depreciation.
What is a property insurance policy?
A property insurance policy is a type of insurance policy that protects an individual or organization from financial losses caused by damages to their assets, such as their home, business property, or vehicle.
The policy typically covers damages caused by perils like fire, theft, and weather-related incidents, depending on the terms of the policy.
What is a replacement cost policy?
A replacement cost policy is a type of property insurance policy that covers the full cost of replacing a damaged or destroyed item with a new one of similar kind and quality. It is important to note that replacement cost insurance covers the cost of a new item rather than its actual cash value.
What are losses in the insurance industry?
A loss is a reduction in the value of an insured asset or a financial loss incurred by an insured person as a result of an unforeseen event or incident.
When an insured asset is damaged or destroyed, the insured person is entitled to a payment from the insurance company to cover the cost of repairing or replacing the item.
In a replacement cost policy, losses are settled without a deduction for depreciation. This means that if an insured asset is damaged or destroyed, the insurance company will pay the full cost of replacing it with a new one, without subtracting any amount for depreciation.
This type of policy is generally more expensive than an actual cash value policy, which deducts depreciation from the amount paid to the insured. However, it provides more comprehensive coverage and can ensure that the insured can fully replace their damaged or destroyed assets.
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One way that President Roosevelt's administration addressed the shortage of labor on the home front during World War II was
enacunent of the Bracero Program.
Answers
The administration of President Roosevelt implemented a number of policies, including one that encouraged women to become employed in order to take the place of men who had left to fight in the war.
What was produced by the Roosevelt administration?The Public Works Administration is established by executive order signed by President Franklin Delano Roosevelt on May 6, 1935. (WPA). Underneath the auspices of something like the Emergency Relief Conducting, which George washington had signed the previous month, the WPA was just one of numerous Great Depression relief initiatives established.
Why did Franklin Roosevelt face criticism while in office?Roosevelt's economic policies came under fire, particularly the shift from individualism to collectivist societies that came with the astronomical growth of the welfare state and the regulation of the economy. These criticisms persisted for many years after his passing.
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develop a list of sales tools you could use in a job interview situation. what tools could you use to demonstrate your skills and capabilities?
Answers
A list of sales tools that you could use in a job interview situation to demonstrate your skills and capabilities are Sales Portfolio,Sales Presentations,CRM Experience,Certifications and Trainings,Sales Metrics,Problem-solving Scenarios,Role-play Exercise.
1. Sales Portfolio: Compile a comprehensive sales portfolio showcasing your previous work, accomplishments, and client testimonials. This can help demonstrate your sales skills and capabilities.
2. Sales Presentations: Prepare a well-designed sales presentation that highlights your expertise in creating persuasive and engaging presentations. This can serve as a visual aid during your interview.
3. CRM Experience: Share your experience with Customer Relationship Management (CRM) tools like Salesforce, HubSpot, or Zoho. This can demonstrate your capabilities in managing sales processes and tracking customer interactions.
4. Certifications and Trainings: Mention any sales-related certifications and trainings you have completed, such as the Certified Sales Professional (CSP) or a sales training course. This will show your dedication to improving your sales skills.
5. Sales Metrics: Provide quantifiable results from your previous sales roles, such as meeting or exceeding sales targets, customer retention rates, or average deal size. These metrics will illustrate your sales capabilities.
6. Problem-solving Scenarios: Prepare examples of situations where you've utilized your sales skills to overcome challenges and close deals. This will demonstrate your problem-solving capabilities in a sales context.
7. Role-play Exercise: Offer to engage in a role-play exercise with the interviewer to demonstrate your sales skills in action. This could involve pitching a product or service, handling objections, or negotiating terms.
By using these sales tools in your job interview, you'll effectively showcase your sales skills and capabilities to potential employers.
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Post-Assessment
Question 2 of 5
Why is buying a car considered "bad debt"?
It decreases in value over time
It increases your net worth as it build equity
It gives you transportation to and from your job
It is worth more than any other investment
Submit
Continue
E
Answers
The reason why buying a car considered "bad debt"is that It decreases in value over time. option A
What is bad debt?The term bad debt can be described as the amount of money that a creditor must write off as a result of a default on the part of the debtor in a case whereby the creditor has a bad debt on the books, then things turn to uncollectible and is recorded as a charge-off.
It should be noted that a case can be regarded as bad debt because the value of the asset you receive from the loan depreciates quickly however in some cases interest charges increase how the amount that is been paid for the vehicle. and in thius case cost is higher compare to what it would be if you'd purchased the car outright with cash.
Hence, option A is correct.
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E-mail marketing serves all of the following purposes except
Answers
Answer:
To encourage customers to forward the e-mail to their friends.
Answer:
ion know bout that one there
Explanation: