Answer: Option A
Explanation: In simple words, backward induction refers to the process under which an individual starts analyzing a performance from the end results and go backward to the steps to determine where actually the actions went wrong.
This technique is generally used for analyzing complex subjects which requires high technology or knowledge. It helps the individuals to determine what actions should be rectified in future so that same problems would not occur again.
In the given case, Elly is willing to analyze the whole subject by starting right from the results. Hence we can conclude that she is using backward induction.
Answer:
1. Sharp increase in taxes affects middle-class families
2. A sports-apparel company cuts jobs as a result of slow sales
3. A fast food chain goes out of business and shuts down all of its restaurants.
Explanation:
The circular flow of income shows the flow of money from economic activities between households and firms. Households receive payments for their services in the form of wages and salaries and use this money to purchase goods and services for consumption from the firms. The firms can use their sales revenue and profits to pay for wages and salaries. This continues in a cycle.
There are injections into and withdrawals out of the circular flow of income. Withdrawals (leakages) can occur in the form of savings, taxes and imports.
1. When there is a sharp increase in taxes, people spend more of their income on paying their taxes. Hence, they have little remaining of disposable income to spend on consumption.
2. When a sports-apparel company cuts down on jobs, many people will lose their salaries or wages. Hence, they would be unable to spend on goods and services produced by the firm. This in turn means lower sales revenue for the firm.
3. As a fast food chain shuts down its operation, a lot of suppliers will lose their sales. At the same time, employees would lose their income. Hence, it is a form of leakage from the circular flow of income.
Answer:
A. quantitative restriction on an import imposed by the importing country
Explanation:
In international trade when a country want to limit the quantity of a product that is being imported into the country they impose a quota.
A quota is a restriction of the number or monetary value of a product that can be imported into a country.
In most cases this is implemented to promote local industries that produce the product.
Less of the product imported from other countries, the more patronage local industries get.
Answer:
Disturbance Handler
Decisional
Explanation:
Sometimes employees have different opinions about how things should be done, or simply have a personality conflict, and then Candace fulfills the disturbance handler role of management, resolving the dispute. This is part of the decisional component
Answer:
a) 7.627144987
b) 5.605222315
c) 20.04031392
d) 10.17644951
Explanation:
We need to solve for years starting from the future value of a lump sum formula:
We use logarithmics properties and solve:
a)
log(1655/800)/log1.1 = n
7.627144987
b)
log(4250/2491)/log1.08 = n
5.605222315
c)
log(392620/33905)/log1.13 = n
20.04031392
d)
log(214844/33600)/log1.20 = n
10.17644951
