Answer:
b. greater; normal
Explanation:
Income elasticity describes the response of the demand of a certain good to the change of the income of the consumers. If the elasticity of income is greater than zero (or is positive) , then we can categorize that particular good as a "normal good". This means that as the income of the consumers increases, the demand of that particular good increases as well.
The counter part of a normal good is called inferior good. They have a negative elasticity of income, which means as the income of consumers increases, the demand of that particular good decreases.
Answer:
Debit Salaries Expense $4,000
Credit Salaries Payable $4,000
Explanation:
Preparation of the the the necessary adjusting entry of the month ends on Thursday
Based on the information given the necessary adjusting entry of the month ends on Thursday will be to Debit Salaries Expense with the amount of $4,000 and Credit Salaries Payable with the same amount of $4,000.
Debit Salaries Expense $4,000
Credit Salaries Payable $4,000
When a bank keeps $12 from a $100 deposit as legal reserves, it is using <span>a fractional reserve system. The correct option among all the options that are given in the question is option "b".
</span>The Fed has defined different categories of money, M1 and M2, according to the money's function. The correct option among all the options <span>that are given in the question is option "b".</span>
No, it doesn't. Gross profit is revenues (sales) minus cost of goods sold.
Answer:
economic differences
Explanation:
Brestine Inc. which is planning to expand its business as well as customer base by opening in a different continent which is Asia.
<u>The foremost difficulty is the economic difference of the customer base in Asia as compared to Europe.</u> In Asia and most Asian countries, the per capita incomes is comparatively low. Thus, introduction of the same products that the company is marketing in Europe will not work because of the economic differences. Thus, the company has to introduce cheaper versions to appeal to the target markets which is the Asian countries.
