1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aleonysh [2.5K]
3 years ago
14

During a recessionary period, which of the following economic behavior would be expected? Consumer would switch from premium bra

nds to lower-priced ones. Consumer use of credit would increase. Taxes would increase nationally. Property values would jump dramatically. Consumers would use the majority of their discretionary income on groceries.
Business
1 answer:
Kisachek [45]3 years ago
6 0

Answer:

Consumer would switch from premium brands to lower-priced ones

Explanation:

On recession the income lowers.

Based on the lower income, the consumers will switch from normal goods to inferior goods. Thus, the inferior goods demand increase as the income lower's.

The taxes won't increase as, the lower income will decrease the tax collected.

The property value will decrease, not increase as there is less demand for real state.

If if this discretionary income then, it is assigned to none. It will be asigned to anything the consumer wants to.

You might be interested in
A firm has an equity beta of 1.2, the risk-free rate is 3.4 percent, the market return is 15.7 percent, and the pretax cost of d
Alik [6]

Answer:

0.82

Explanation:

Calculation to determine the firm's asset beta

Using this formula

Firm's asset beta=Equity beta/(1+/D/E)

Let plug in the formula

Firm's asset beta=1.2/(1+0.47)

Firm's asset beta=1.2/1.47

Firm's asset beta=0.816

Firm's asset beta=0.82 (Approximately)

Therefore the firm's asset beta is 0.82

5 0
3 years ago
Lin’s Dairy uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the b
Nesterboy [21]
What amount should be recorded as Bad Debt Expense for the current year?
Not yet due:
22,000
Estimated Percentage Uncollectible: 3%
Estimated Amount Uncollectible: 660

Up to 120 days past due:
6500
Estimated Percentage Uncollectible: 14%
Estimated Amount Uncollectible:
910

Over 120 days past due:
2800
Estimated Percentage Uncollectible: 34%
Estimated Amount Uncollectible: 952

Estimated Balance in allowance for doubtful accounts: 2522

Current balance in allowance for doubtful accounts: 1200

Bad Debt Expense for the Year: 1322
4 0
2 years ago
If a researcher asks a consumer why s/he wants to buy a Nokia cell phone, and learns, "They look well built" (attribute); then a
ra1l [238]

Answer:

D. laddering

Explanation:

6 0
3 years ago
Which of the following is an example of economic investment?
otez555 [7]

Answer:

Nike buys a new machine that increases shoe production.

Explanation:

An economic investment is when you pay for new additions to the capital stock or new replacements for capital stock that has worn out.

It refers to the net additions to the capital stock of the society which consists of goods and services that are used in the production of other goods and services.

Addition to capital stock means an increase in buildings, plants equipments and inventories over the amount of goods and services that existed.

3 0
3 years ago
Many economists believe that the market for wheat in the United States is an almost perfectly competitive market. If one firm di
kiruha [24]

Answer:

Many economists believe that the market for wheat in the United States is an almost perfectly competitive market. If one firm discovers a technology that makes its wheat taste better and have fewer calories than all other wheat offered in the market, the wheat market would become less competitive because the products would no longer be similar in the wheat market- Option c.

Explanation:

Option c is the correct answer- the products would no longer be similar in the wheat market, the reason being that people with different taste preferences would prefer either of the two kinds of wheat available in the market, therefore making them less concentrated.

3 0
3 years ago
Read 2 more answers
Other questions:
  • What is the first step in consumer decisions-making process?
    6·1 answer
  • Help me with this I do not know how to answer it
    6·2 answers
  • If the marginal cost of production is greater than the average cost, in what direction must the average cost be changing, if any
    14·1 answer
  • The study of how benefits are determined for city employees would be considered
    15·1 answer
  • Free Motion Enterprises paid a $2.20 per share annual dividend last week. Dividends are expected to increase by 3.75 percent ann
    7·1 answer
  • The U.S. government pays for _____ that producers would most likely not provide in the marketplace, such as building roads.
    13·2 answers
  • If scrap, common to all jobs, is returned to the storeroom and the time between the scrap being inventoried and its disposal is
    15·1 answer
  • The Hi-Stakes Company has a number of importing and exporting transactions. Importing activities result in payables and exportin
    14·1 answer
  • Sales is $90 per unit; direct material is $30 per unit; direct labor is $12 per unit; overhead is $5 per unit and $2,100 per mon
    12·1 answer
  • Which 4 sections of the Overview screen can be used to perform a high-level review?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!