Question #10

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3 0

When there is an increase in taxes and the decreasing government spending during an economic expansion the purpose is to to slow down aggregate demand and reduce inflation

<h3>What is meant by contractionary government policy?</h3>

This is the tool that the government may use when they want to stimulate the economy. The government may decide to raise taxes, this would have an adverse effect on consumption in a given economy.

Another way they may do this would be through the decrease in the way that the government spends money in the economy.

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If the cross-price elasticity of two goods is negative, then the two goods are a. inferior goods. b. normal goods. c. complement

Solnce55 [7]

Option C. If the cross-price elasticity of two goods is negative, then the two goods are <u>complements.</u>

<u></u>

What is Cross-Price Elasticity?

Cross-price elasticity measures how sensitive the demand of a product is over a shift of a corresponding product price.
Often, in the market, some goods can relate to one another.
This may mean a product’s price increase or decrease can positively or negatively affect the other product’s demand.
A price increase of a complementary product will lead to lower demand or negative cross-price elasticity, and a price increase in a substitute product will lead to increased demand or a positive cross-price elasticity.
Unrelated products have zero cross-price elasticity.
For substitute products, an increase in the price of a substitute product increases the demand for the competing product.
This is often because consumers always try to maximize utility.
The less they spend on something, the higher the perceived satisfaction.

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4 0

2 years ago

If you are an engineer working for a state highway department with the responsibility for overseeing and regulating construction

Nimfa-mama [501]

Yes it is a conflict of interest to leave the state and accept a position with a construction company that you formerly handled as a government relations manager.

<h3>What is a Conflict of Interest?</h3>

A conflict of interest occurs when an person's interests – family, friendships, financial, or social elements – could compromise his or her judgment, or actions in the workplace. Government agencies take disputes of interest so seriously that they are handled.

While it is not always feasible to eradicate conflicts of interest, the frequency and gravity of such situations may be lessened through comfort.

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8 0

1 year ago

What theory asserts that workers want to be taken care of and protected by their leaders?

svlad2 [7]

I believe the correct answer is Theory X.
It is a rather pessimistic point of view which suggests that workers have no ambitions whatsoever and are constantly in need of someone to pat their shoulders and tell them they did a good job. They always need approval even though they are not interested in the work they do.

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3 years ago

The matching concept states that expenses incurred to produce particular revenues should be matched with those revenues.

slega [8]

False. The revenues usually contemplate the profit added to the expenses or costs, therefore, they can't match.

4 0

3 years ago

Gina changes the amount of milk she purchases depending on whether it costs $1,$1.50, or $1.75 a pound. What other information d

Illusion [34]

Answer: how much butter she buys at each price point.

Explanation: The demand curve shows how much a person chooses to buy at different prices. In order to graph the curve, we need to know how much butter Jenna buys when it costs $1, $1.50, and $1.75.

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3 years ago