Answer:
$6 billion
Explanation:
Calculation to determine what consumption spending would initially decrease by
Using this formula
Decrease in Consumption spending=MPC * New taxes on household income
Let plug in the formula
Decrease in Consumption spending=0.6*$10 billion
Decrease in Consumption spending=$6 billion
Therefore consumption spending would initially decrease by $6 billion
Its called Generally accepted accounting principals
The belief that human behavior, as well as nonhuman animal behavior, can be partly explained as the outcome of natural selection
Answer:
.
Explanation:
Entrepreneurs innovate sometimes by commercializing inventions and ideas. They look for new business opportunities and find resources they can use in exploiting them. Commercializing an invention was done by Jeff Bezos in this instance. He saw the distribution opportunities available in the internet, and with the growing percentage increase of the internet users per month, he decided to create Amazon. He transformed the invention of the internet into the innovation of Amazon.
The ability to posses this characteristics is one of the qualities of a good entrepreneur.
Answer:
Option D.
Explanation:
Given information:


Formula for price elasticity of demand is

Substitute the given values in the above formula.




Absolute value is

The absolute value of the price elasticity of demand for DVD players is 2.67.
Therefore, the correct option is D.