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3 years ago

How might increasing the level of government transfers reduce the size of the economic pie? check all that apply?

1 answer:

8 0

Since the increasing level of government transfers only transfers the wealth without actual creation of goods/services, Higher taxes may be necessary to finance increased transfer payments, leading to a reduction in hours worked because of a decrease in the reward for productive activity. Not only that, .Greater transfer activity diverts productive resources into rent-seeking activity

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1. Peter applied for a job at an accounting firm and a consulting firm. He knows that 50% of similarly qualified applicants rece

DENIUS [597]

Answer:

75%

Explanation:

Assume that:

X is the probability that the Peter, qualified accountant would receive offer from the accounting firm AND

Y is the probability that the Peter, qualified accountant would receive offer from the consulting firm.

Here,

P(X) is 50%, P(Y) is 40% and P(X∪Y) is 60%

Now we want to find P(X/Y) = ?

We also know that:

P(X/Y) = P(X∩Y) STEP1 / P(Y)

By putting values, we have:

P(X/Y) = 0.3 / 0.4 = 0.75 = 75%

Step 1: Find P(X∩Y)

P(X∪Y) = P(X) + P(Y) - P(X∩Y)

This implies that:

P(X∩Y) = P(X) + P(Y) - P(X∪Y)

By putting values we have:

P(X∩Y) = 0.5 + 0.4 - 0.6 = 0.3

5 0

3 years ago

Classify each of the following in terms of their effect on interest rates (increase or decrease): I. Covenants on borrowing beco

kozerog [31]

Answer: I decreases; II decreases; III decreases

Explanation:

Debt Covenants becoming more restrictive means that less people want to borrow money. This shifts the demand curve to the left and this Decreases interest rates.

The Fed increasing money supply means that there is more money in the economy. This shifts the supply curve to the right thus having the effect of reducing Interests rates as there is more money available for loans.

Total Household Wealth increasing means that Households have less of an incentive to borrow money. This reduces the demand for interest rates so interest rates decrease.

5 0

3 years ago

Big data helps companies treat customers as individuals. this is called

otez555 [7]

Big data helps companies treat customers as individuals, this is called marketing strategy, it a very powerful tool that shows the taste and need of possible customers and helps companies design specific campains in order to get directly on priorities of people, using big data tool you could offer to people just what they need.

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3 years ago

Your local coffee shop has announced new hours of operation. Previously: 7 am – 4 pm Monday thru Friday and 7am to Noon Saturday

Jet001 [13]

Your answer might be C , the pay has to be increased cause the hours increased,cant be b because the weekly payrool cant be same,ya feel?

5 0

3 years ago

On May 1, Year 1, Benz’s Sandwich Shop loaned $18,000 to Mark Henry for one year at 9 percent interest. Required a. What is Benz

ehidna [41]

Answer:

a) $1080

b)$19080

c) Loan given | -$18000

d)$540

e)$19620

f)loan | 18000

Interest received | $1620

g) $1620

Explanation:

a) Year 1 : a) Interest income = $18000*9%*8/12 = $1080

b) The total receivable at december 31,Year = 18000+1080 = $19080

c) Year 1 :Statement of cash flow

Loan given | -$18000

d) Interest income Year 2 = $18000*9%*4/12 = $540

e) Total cash collect in 2017 = $18000+$1080 + $540 = $19620

f) Cash flow from investing activities :

loan | 18000

Interest received | $1620

g)Total interest earned = 18000*9% = $1620

7 0

3 years ago