Answer:
The correct answer is C. classical economist.
Explanation:
Classical economics reoriented economic thinking away from the approach that was based on the preferences of rulers or social classes. The classics emphasized the benefits of free trade and developed an organized analysis of the value of goods and services as a reflection of their cost of production.
Classical economists opposed government intervention in the market through price controls, fees, regulations or any other mechanism that altered its normal functioning.
The adjusted rental rate is $41.60.
<h3>What is the adjusted rental rate?</h3>
Price index measure the relative change in prices relative to a base year. Changes in indexes give a measure of inflation in the economy. The rental rate would be adjusted for inflation.
Inflation is when the general price level in an economy increases. Inflation can be as a result of an increase in the demand for goods and services or an increase in the cost of production.
The adjusted rental rate can be determined by first calculating the inflation rate and then increasing the rent for the calculated inflation rate.
Inflation rate = 1.9 - 1.6 = 0.3 = 30%
The adjusted rental rate = (1.3) X $32 = $41.60
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<span>Electra experienced in this case the effect of legal, regulatory differences between the different markets in which they wished to introduce their new product. By choosing to use the lower motor speed, they eliminated the need to redesign the product for the various markets. Instead, one product could be produced and distributed worldwide.</span>
Answer: The fringe benefit is worth $182 more than the additional salary.
Explanation:
The Fringe benefit is valued at $3,600.
The additional salary after taxes is:
= 5,000 - (5,000 * 24%) - (5,000 * 7.65%)
= 5,000 - 1,200 - 382.5
= $3,418
The Fringe benefit is worth more than the salary by:
= 3,600 - 3,418
= $182
<em>Options are more probably for a variant of this question. </em>