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
ale4655 [162]
3 years ago
9

What is the income effect?

Business
2 answers:
Shtirlitz [24]3 years ago
8 0

What is the income effect?

The change in consumption resulting from a change in real income.

When a person is able to change their purchasing power due to a change in the income they are receiving, there is a change in consumption of an item. If someone starts to make more money, they have more ability to purchase a good or service they may not have been able to prior. The income effect can impact the economy negatively and positively depending on whether ot not the income goes up or down for a person.

Daniel [21]3 years ago
6 0
The change in consumption resulting from a change in real income !
Give thanks if correct!
You might be interested in
_____________________ identifies the area where a producer’s absolute advantage is relatively greatest, or where the producer’s
marin [14]

comparative study identifies the area where a producer’s absolute advantage is relatively greatest, or where the producer’s absolute disadvantage in productivity is relatively least. Group of answer choices relative advantage opportunity cost productivity advantage comparative advantage

<h3>What is comparative study ?</h3>

Comparative research is a social science research methodology that aims to make comparisons across different countries or cultures. A significant issue in comparative research is that data sets from different countries may define or use different categories.

Comparative research seeks to identify similarities and differences among social entities. Comparative research attempts to contrast and compare nations, cultures, societies, and institutions.

Comparative research can help inform projects early on by providing fodder and direction for initial design concepts, as well as during design iterations when refining content, interaction, and overall architectural patterns.

To know more about comparative study  follow the link:

brainly.com/question/15847343

#SPJ4

8 0
2 years ago
A particular​ country's exports of goods are increasing exponentially. The value of the​ exports, t years after 2007​, can be ap
Olegator [25]

Answer:

V(t) = $ 1.5 billion for 2007

V(t) = $1.5 billion, 295 million. For 2012

Doubling time = t = 177.69 yrs

Explanation:

a).

V(t) = 1.5e^(0.039t)

For the first year 2007, t= 0

V(t) = 1.5e^(0.039*0)

V(t). = 1.5e^0

V(t) =. 1.5*1 = 1.5

V(t) = $ 1.5 billion for 2007

For 2012 that is 5 years after,t= 5

V(t) = 1.5e^(0.0039*5)

V(t) = 1.5e^ (0.0195)

V(t) = 1.5(1.019691367)

V(t) = 1.5295

V(t) = $1.5 billion, 295 million.

b). Doubling time is when the value of the export is 1.5 *2 =$ 3 billion

3 = 1.5e^(0.0039t)

3/1.5= e^(0.0039t)

2 = e^0.0039t

In 2 = 0.0039t

0.693= 0.0039t

t = 177.69 yrs

7 0
3 years ago
Citicorp buys a call option on Euro (contract size is Euro 2,000,000) at a premium of $0.02 per Euro. If the exercise price is $
larisa [96]

Answer: $20,000

Explanation:

To calculate Citicorp's profit or loss we can use the following formula,

The Citigroup's profit is computed as shown below:

= Exercise Price - Spot Price + Premium received

= $ 0.59 - $ 0.60+ $ 0.02

= $ 0.01 per euro is Citicorp's profit.

Total profit will therefore be:

= $ 0.01 x 2,000,000

= $ 20,000

$20,000 is Citicorp's profit on the call option.

If you need any clarification do react or comment.

5 0
3 years ago
Paris won a lawsuit against railroad, and was given a settlement check. the check somehow came to be in eddy's possession. eddy
Vikki [24]

Answer:

Yes under the theory of conversion.

Explanation:

Conversion occurs when an individual takes possession of an item and excercises ownership of it in a way that is in conflict with the real owner's right of possession.

In this instance Eddy paid in a cheque that was not owned by him. The onus was on the bank to confirm from the account owner the real beneficiary of the check.

This would have prevented the conversion of the check through an illegal indorsement.

Conversion is a common type of fraud with regards to dividend warrants where dividend warrants edited to present a different person as the owner of the check.

3 0
3 years ago
Raman is a Government servant, his wife Radha is an advocate and their son Amit is engaged in retailing of electronic goods. Ide
Ede4ka [16]

Answer:

Kindly see Explanation

Explanation:

Raman is described above as being a government servant, this means Raman is an employee of the Federal or State Government. In other words, Raman works in a government runned establishment. Raman is in the civil service.

Radha who is described as an advocate could be explained as an individual who lends his or her voice in other to make others get heard or a protagonist of a certain course.Radha could be described as being into Law or judicial activities.

Amit who retails electronic goods could be described as being self-employed who is into buying and selling.

Difference between activities of Raman, Radha and Amit.

1.) Engagement sector:

Raman works in the civil service, while Radha work is inclined with the legal and activism process and Amit is into commerce.

EMPLOYER:

2.) Raman is clearly a government employee, Radha could work for Non-governmental or Volunteer organizations, while Amit is Self-employed.

DECISION-MAKING :

3.) Raman works based on defined government framework and rules, Radha as an advocate is more inclined towards promoting morality, While Amit will make decisions based on what is best for his business as an entrepreneur.

8 0
3 years ago
Other questions:
  • On December 16, 2015, B. Darin Company received $5,000 from S. Dee Company for rent of an office owned by B. Darin Company. The
    8·1 answer
  • Johnson Trucking Company wants to determine a fuel surcharge to add to its customers' bills based on the number of miles driven
    11·1 answer
  • Determine whether each of the following topics would more likely be studied in microeconomics or microeconomics.
    8·1 answer
  • 5. Mallory's total income last year was $24,000, but she could deduct $12,000 for various reasons. Her taxable income equals the
    5·1 answer
  • Cost data for Johnstone Manufacturing Company for the month ended March 31 are as follows: Inventories March 1 March 31 Material
    8·1 answer
  • Brandon assigns responsibility to a subordinate for preparing a sales presentation for an important potential client and authori
    13·2 answers
  • When listing a reference on your resume, you should: A) Use a fancy font and eye-catching color B) Not list references on your r
    6·1 answer
  • Suppose Valley Technology has the following results related to cash flows for 2020:
    10·1 answer
  • I’m Thirsty!
    10·2 answers
  • A full account of an event or series of events, usually told in chronological order, is called a:_______
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!