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2 years ago

consider a hypothetical economy in which households spend 0.5 of each additional dollar they earn and save the remaining 0.5

Business

1 answer:

Sliva [168]2 years ago

5 0

hypothetical economy in which households spend 0.5 of each additional dollar they earn and save the remaining 0.5

<h3>What is hypothetical economy?</h3>

The paper investigates the consequences for a hypothetical economy of a set of government tax and spending policies that are unsustainable in the long run and are recognized as such by private individuals.

Comparative Economic Systems is a sub-category of economics that deals with the comparative study of various economic organization systems such as capitalism, socialism, feudalism, and the mixed economy.

The marginal propensity to consume is calculated by dividing the change in consumption by the change in income.

Each economy operates under its own set of conditions and assumptions. Traditional economies, command economies, mixed economies, and market economies are the four major types of economic systems.

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True

Explanation:

the process of identifying and defining what actions are required to deliver a project's requirements

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Bill thought he had received the best deal on his riding mower. Shortly after the purchase, Bill started to notice certain disad

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The correct answer is c. postpurchase behavior

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3 years ago

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In the context of purchasing systems involved in the traditional transaction processing systems, when a(n) _____ arrives from a

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Answer:

Product

Explanation:

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3 years ago

At Rolce Technologies, the core design team of 10 employees has daily "stand-up" meetings. All the core design team members gath

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Hence from the above we can conclude that the correct option is D.

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3 years ago

Mountain High Ice Cream Company transferred $72,000 of accounts receivable to the Prudential Bank. The transfer was made with re

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Answer:

Journal Entry

Explanation:

Cash Dr, $63,360

Loss on sale receivable Dr, $6,640

Receivable from factor Dr, $6,200

To resource liability $4,200

To Accounts receivable $72,000

(Being transfer on the books of Mountain High is recorded)

Working Note :-

2% × $72,000 = $1,440

Cash = ($72,000 × 0.90) - ($72,000 × 0.02)

= $64,800 - $1,440

= $63,360

Loss on sale receivable = ($4,200 + $72,000) - ($63,360 + $6,200)

= $76,200 - $69,560

= $6,640

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3 years ago