Answer:
The answer is C) Their costs are borne collectively and no one can be excluded from their benefits.
Explanation:
Public goods differ from classical market goods in several ways. First, you can not exclude a person from provision even if that individual doesn't pay for the good. For example, you can enjoy of public lightning in the streets even if you do not pay taxes. There is no practical way of excluding you from this service. In private good, if you do not pay you are excluded. If you cannot pay a car you can not enjoy its use. However the cost to be able to give public goods must be incurred by everyone. I cannot charge you for the amount of light in specific street or time. So everyone pays taxes, no particular individuals, and with that money the government provides public lighting, i not a waste of money.
Answer:
1. Deflation
-10%
2. In year 1 - 8 baskets
In year 2 - 8.9 baskets
3. The value of money increases
Explanation:
Deflation is a fall in general price levels. The price fell from $10 to $9. It indicates deflation has occured.
Inflation is a rise in price level.
Annual rate = (current year price - previous year price ) / previous year price
(9 - 10) / 10 = -0.1 = -10%
The annual change is negative because price level fell.
$80 would buy $80/$10 = 8 baskets of goods in year 1
$80 Will buy $80/$9 = 8.9 baskets of goods in year 2.
A fall in price levels increases the value of money because less money can buy the same basket of goods. Therefore, the purchasing power of money increases.
<span>You work as a salesperson in an electronics store. You earn an hourly wage plus a commission based on a percentage of </span>your sales
Answer:
The correct answer is Brand Loyalty.
Explanation:
Brand loyalty is one of the factors that most helps explain why consumers choose one brand or another among all the options offered by the market. According to Jensen and Hansen (2006), the organizations with the most loyal customers have a high market share, which in turn translates into greater profitability. This explains, in part, the growing interest that is evident today in the study of this topic.
Answer:
D.
an income tax rate cut
Explanation:
Fiscal stimulus programs are government policies aimed at accelerating growth in times of recessions. The government adjusts its spending or tax rates to influence the economy's direction. A stimulus is meant to increase output and increase income.
An income tax rate cut increases the amount of disposable income of consumers. An increase in disposable incomes boosts consumer spending, which results in increased demand. Firms in the service and manufacturing industries will respond to the rise in demand by increasing production. A rise in output creates employment opportunities.
