<span>The scenario in which giant telecommunications company that was previously owned by the government of Sunzabia, a European country, is sold to an independent industrialist to ensure that the company is handled in a more efficient way exemplifies privatization.
</span><span>A publicly traded company (in this case owned by the government of Sunzabia) is bought by private investors (in this case independent industriailst).</span>
Answer:
Breeding stock.
Explanation:
Seedstock producers are cow/calf producers who produce breeding stock for purebred or commercial operations.
This ultimately implies that, seedstock producers are individuals who are saddled with the responsibility producing cow/calf by making the breeding stock available for other livestock farmers. Thus, the breeding stock are the primary calves that are used for producing cattles in large quantities.
Answer:
Price elasticity will increase
Explanation:
Price elasticity is defined as a measure of how sensitive quantity demanded of a product is the changes in price.
As a general rule when price increases the demand Falls and when price reduces demand rises.
Mathematically,
Price elasticity = (change in quantity demanded) ÷ (change in price)
In the given scenario other car manufacturers such as General Motors, decide to make and sell SUVs.
This will create a substitute in the market.
Ford motors will be forced to reduce price in order to maintain or increase their clientele base.
As price reduces the price elasticity will increase.
Answer:
A) Any of these causes could be a reasonable answer.
Explanation:
When the government needs to spend money on service projects or products, there are many roadblocks in the way.
1. The US House has the "power of the purse," because All Bills for raising Revenue shall originate in the House of Representatives (U.S. Constitution, Art. I, sect. 7)
2. Most State Governments have to approve contracts and vet private industries to complete public works projects.
3. Like all business structures,all of the factors of production need to be in place before work can begin.
Answer:
The marginal propensity to consume is <u>92 percent</u>.
Explanation:
Marginal propensity to consume (MPC) refers to the additional expenditure on consumption by consumer as a result of an in national income.
That is, MPC is a measure of the proportion or percentage of the additional income that goes consumption expenditure.
MPC can be calculated using the following formula
MPC = ΔC / ΔY ......................................... (1)
Where;
ΔC = Change in consumption = New consumption - Old consumption = $1,168 - $800 = $368
ΔY = Change in income = New income - Old income = $1,400 - $1,000 = $400
Substituting the values into equation (1), we have:
MPC = $368 / $400 = 0.92, or 92%
Therefore, the marginal propensity to consume is <u>92 percent</u>.