If incomes increase during a period of expansion, goods considered to be inferior will experience:
<h3>What are inferior goods?</h3>
Inferior goods are those types of goods that consumers have little or no interest in. These goods are mostly sought after when the economy is tough and people have no option but to purchase them.
However, when the economy improves and there is an expansion, people will naturally return to the goods that they believe have superior quality. When they make this move, the inferior goods will experience a decrease in demand.
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Using vivid imagery to help listeners see the benefits of the plan you are advocating is crucial to the VISUALIZATION step in Monroe's motivated sequence.
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Answer:
The answer is B) $1.564 trillion
Explanation:
PV of annuity = P[(1-(1.06)^-25) /0.06)]
20 trillion = P[(1-(1.06)^-25) /0.06)]
20 trillion = 12.78P
P = <u>$1.564 trillion</u>
It is known as growing season. To measure the length of your growing season
you should count the day number between the average last-frost date in spring
and the first-frost date in fall (your Cooperative Extension Office or a local
nursery can give you these dates). Last-frost dates teaches you to know the safest to set out tender vegetable
plants or sow seeds.
Non-farm payrolls refer to jobs in the manufacturing sector and other industries that are not farm. As part of its Employment situation report, the U.S Bureau of Labor Statistics releases closed-followed monthly data on nonfarm payrolls, the statistics from the nonfarm payroll also shows which sectors are generating the most employment additions. It measures the change in the number of people employed during the previous month except to the farming industry. At the onset recession, the nonfarm payrolls tend to reduce. The PMI or the Purchasing Managers Index is a measure of the economic health of the manufacturing sector. As stated by an analyst at TD Securities, the point of view for manufacturing is demoralized, and the sector is in recession.