Answer:
change; over-estimates
Explanation:
Substitution bias refers to a tendency in which economic index numbers don't include information about the changes in consumer spending when they switch expensive products for cheaper ones or buy less units as prices change. This changes are not reflected in the market basket from which the CPI is built which can cause inflation rates to be over-estimated.
Answer:
$325,000
Explanation:
Aaron's salary which has already been substracted from the income of ABC, Inc. is allowable deduction and it will not be added back to the ABC Inc.'s income.
Dividend payment by an S corporation is not allowable for deduction and it will not be deducted from the net income.
Therefore, Aaron's qualified business income is $325,000.
C. Innovation is the creation of new, original ideas. Inventors are usually described as innovative. New inventions create new markets.
Hope this helps!
Answer:
Key Points
Explanation:
The government may artificially increase prices through purchasing a portion of the consumer surplus or artificially increase quantity through offering subsidies to producers. This allows the government control over the established equilibrium in agriculture.
