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3 years ago

What is the difference between federal purchases and federal expenditures?

1 answer:

5 0

What is the difference between federal purchases and federal expenditures? F<span>ederal purchases require that the government receives a good or service in return, whereas federal expenditures exclude transfer payments. In this case, another way to remember the two are that federal purchase requires a purchase to be made for a good or service. A federal expenditure requires no purchase to be made but a transfer of payments to happen. </span>

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Very few people in the United States today attempt to follow the example of Henry David Thoreau in On Walden Pond and "go into t

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Answer:

Being self-sufficient dramatically reduces one's standard of living.

Explanation:

Thoreau had a view that one should go into the woods, live simply and produce what you need with your own hands (be self-sufficient).

Economists explain why most people in the United States do not do this. To an economist everyone in society have their own specialisation. That is why they emphasize division of labour.

So going into the woods to be self-sufficient is not the best use of one's resources and abilities.

Everyone has something unique to contribute in an interaction. What I have comparative advantage producing will be difficult for another person.

This will create a network of people giving what they have comparative advantage producing in exchange for goods and services they do not have competitive advantage producing. This results in everyone maximising utility.

But Thoreau's view will not maximise utility because it is not possible you have advantage producing all you need.

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3 years ago

Read 2 more answers

John is an entrepreneur who plans to enter a franchise contract with a hotel business. which of these is an advantage that John

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Answer:

The correct answer would be option C, He will be able to gain knowledge and support from the hotel business to run the franchise.

Explanation:

Franchise is basically a contract between two parties in which one of the party who is owning the business is ready to sell his business rights to use its name and products to the other party. The other party can open the same business with the same name and products or services and run that business. In this type of contract, a continuous help and support is given to the franchisee to run the business. So if John being an entrepreneur wants to enter into the franchise contract, then he will surly be able to gain knowledge and support from the hotel business to run the franchise.

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3 years ago

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The amount of a good that buyers are willing and able to purchase at a given price.

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Answer:

Quantity demanded is the amount of a good that buyers are willing and able to purchase at a particular price. Many things determine demand, but only price can determine the quantity demanded of a specific good. If you have the money and are willing to buy 2 ice cream cones a week, at $2 per cone, the quantity demanded would be 2 cones a week. Now, what happens if the price increases to $4 a cone? If you are like most people, the quantity of ice cream cones you demand will decrease as the price rises. In this case, assume your quantity demanded is now only 1 cone a week, which is what you are willing and able to buy. Notice that as the price of the cones increases, the quantity of ice cream cones demanded decreases. This means quantity demanded is negatively related to price-which means they have an inverse relationship. Economists refer to this relationship as the law of demand. The law of demand states that, other things being equal, when the price of a good rises, the quantity demanded of that good falls. The reverse is also true-when the price of a good falls, the quantity demanded of that good rises. The combination of the quantities people are willing and able to buy of a good or service at various prices constitutes a demand schedule. When the demand schedule is graphed, the demand curve is downward sloping.

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2 years ago

During March, the production department of a process operations system completed and transferred to finished goods 25,000 units

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Answer:

140,000 units and 130,250 units

Explanation:

The computations are shown below:

For Material cost:

= Transferred units × percentage of completion + ending work in process inventory units × percentage of completion

= 110,000 units × 100% + 30,000 units × 100%

= 110,000 units + 30,000 units

= 140,000 units

For Conversion cost:

= Beginning work in progress units × remaining completion + Transferred units × percentage of completion + ending work in process inventory units × percentage of completion

= 25,000 units × 45% + 110,000 units × 100% + 30,000 units × 30%

= 11,250 units + 110,000 units + 9,000 units

= 130,250 units

The remaining percentage would be

= 100% - 55%

= 45%

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3 years ago

The Doritos advertising effort of "Live Mas," which is Spanish for "Live More," is meant to suggest a lifestyle aspiration. If c

vagabundo [1.1K]

Answer:

Explanation:

The consumers associated the saying with the Doritos brand.

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3 years ago

What is the difference between federal purchases and federal​ expenditures?

What is the difference between federal purchases and federal expenditures?