The reduction in Max's demand for hot dogs as his income rises shows that Max's hot dogs are an inferior good.
<h3>What is an inferior good?</h3>
An inferior good is a concept used in economics to describe a product whose demand falls as people's earnings increase. As salaries and the economy improve, people begin to replace these things with more expensive alternatives.
- The demand for an inferior good usually falls as consumer income grows, as opposed to normal goods, which experience the reverse. 
Therefore, we can conclude that the reduction in Max's demand for hot dogs as his income rises shows that Max's hot dogs are an inferior good.
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Answer:
B. What must be given up to acquire it
Explanation:
The opportunity cost is the cost which is to be sacrificed to gain for some better option
Since in the given case the aunt is thinking to open a hardware store but it will cost her $500,000 for rent and the to purchase the stock
And, also she also have to quit her accountant job for $50,000
So in this option quitting the job is to be considered as an opportunity cost
 
        
             
        
        
        
The true statement is <em>D. When </em><em>BCA</em><em> is negative, it implies that government </em><em>budget deficits</em><em> and/or part of </em><em>domestic investment </em><em>are being financed with </em><em>foreign-controlled capital</em><em>.</em>
The above statement is based on the intimate relationship between a country's Balance of the Current Account (BCA) and how the country finances its domestic investments and pays for government expenditure.
Explanation:
National income = Y = GNP
Consumption = C
Private Investment = I
Government spending = G
Exports = X
Imports = M
Taxes = T
Therefore, the BCA = X-M = (S-1) + (T – G)
Where BCA = Balance of Current Account
Thus, the Balance of the Current Account (BCA) should be <u>positive</u> to avoid deficit-financing of government budgets.
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Answer:
Catering's 2008 EBIT is $11.47 million
Explanation:
Operating cash flow = EBIT + Depreciation – Taxes
Also the same as EBIT = Operating cash flow - Depreciation + Taxes 
When Operating cash flow = Free cash flows + Investment in operating capital
OCF = 
$8.14 million + $2.14 m
illion
Operating cash flow = 10.28 million
EBIT = Operating cash flow - Depreciation + Taxes  
EBIT = 10.28 million - 0.95 million + 2.1
4 million
EBIT = $11.47 million
Catering's 2008 EBIT is $11.47 million
 
        
             
        
        
        
The question requires matching the terms to their definitions.
- <u>Hiring</u> is the process of employing (someone) for wages.
- <u>Recruitment</u> is the process of finding new people to join an organization. 
- <u>Job Description</u> informs applicants about the responsibilities and required qualification. 
- <u>Recruitment Plan</u> is the process of integrating a new employee into an organization, maps out the strategy for attracting skilled employees and obtaining applications from a diverse workforce. 
- <u>Offer</u> is a proposal put forward by an employer to a prospective employee.
- <u>References</u> serve the purpose of gathering information about a prospective employee from previous employers. 
- <u>Types of Recruitment</u>: internal (employees within the company) and external (people outside the company). 
- <u>Compensation</u> the money the employee will receive as a salary or wages. 
- <u>Interview</u> a face to face meeting between an employer and a job applicant. 
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