Answer:
The idea that a higher price means the buying power of income has been reduced.
Explanation:
The income effect is defined as the change in consumption of goods of services after a change of income. If income grows, it is expected that the consumption of goods and services will also grow (this can be measured by the marginal propensity to consume), and viceversa.
If prices rise, the buying power of income will be reduced even if income has grown. If prices rises even more than income, the buying effect of income will fall even more. This two statements can be both explained by the income effect concept.
Answer:
c. sectoral shifts are always happening
Explanation:
Frictional unemployment occurs when the workers move from one job to another due to sectoral shifts in the economy.
Semantics is the meaning derived from words.
The Sarbanes-Oxley Act of 2002 was used to curb accounting fraud by improving financial disclosure of corporations, and checking and fixing frauds if they were found.
hope this helps
Answer:
They should provide both healthy and unhealthy foods in the drinks to satisfy the needs of the people
Explanation:
