Answer:
The total revenue is likely to increase.
Explanation:
If the proportionate change in quantity demanded is smaller than the proportionate change in quantity, it implies that the price elasticity of demand is relativity inelastic.
In this situation, if the company increases the price of the product, the decline in quantity demanded due to the increase in price will be less than proportionate.
So it is likely that the total revenue from sales will increase because of the increase in price.
Answer:
The Current Account Balance of Country A will improve
Explanation:
As for the provided information the citizens of the country will save more as there is a positive shock. Accordingly the citizens shall save more, as the real is not changed the balance due to savings will increase of the current accounts.
This is reflected clearly in statement 1, this is because with the same real rate of interest the balance will increase, of current accounts and as a result it will improve.
Answer:
A. Safety engineers
Explanation:
Safety engineers are engineers who combine both health and safety in measures while developing procedures and systems with the aim of safeguarding and protecting people from getting injury and illness in the work place or environment. Their job description involves analyzing reasons for accidents, identifying potential hazards, suggesting procedures that can be taken by personnel in that workplace to protect themselves from harm and also preventing the occurence of accidents by bringing in accident proof systems of operations.
Answer:
B) data-driven decision making
Explanation:
Data driven decision making (DDDM) is a decision making process that relies heavily on hard data and previously collected and analyzed information. This method rejects any type of decision made without hard facts that support it, e.g. intuitive or spontaneous decisions.
The problem with this decision making process is that information that was useful before may not be useful anymore in the present. If you are going to base your decisions only in past information, your decisions may be obsolete.
Answer:
Those who sell their goods and services abroad benefit from devaluation.
Explanation:
The firms and people who sell their goods and service abroad benefit from a US Dollar devaluation. Since their products are sold abroad, a devaluation increases the competitiveness of their offer compared with other countries, making more attractive their offer because they sell the same quality and value at a lower price
