All categories

4 years ago

Government purchases of goods and services are:

Business

1 answer:

natali 33 [55]4 years ago

7 0

Answer:

The correct answer is option (c) Non exhaustive because they do not directly absorb resources and account for production.

Explanation:

Solution

Exhaustive spending involves the government directly buying goods and services like paying the police and building roads, buying medical equipment, p. In this example, the public sector determines the use of resources.

The other type of category is transfer payments. transfers of money to people (such as, pensioners and the unemployed) and to firms (in the way of grants and subsidies).

This is referred to as -exhaustive expenditure. In this scenario, the government does not decide on the allocation of resources.

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Suppose you win the Publishers Clearinghouse $10 million sweepstakes. The money is paid in equal annual end-of-year installments

Ludmilka [50]

Answer:

the actual worth today is $5,124,150.29

Explanation:

The computation of the actual worth today is as follows:

= (Year end annual payments) ÷ (rate of interest) × (1 - (1 + rate of interest)^-time period

= ($333,333.33) ÷0.05 × (1 - (1 + 0.05)^-30

= $5,124,150.29

hence, the actual worth today is $5,124,150.29

The above formula should be applied

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3 years ago

Year round Retreats had the following balances at December 31, 2018,before the year-end adjustments:

adell [148]

1 because that is the right answer because it is the correct answer for ur question

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3 years ago

When auditing, the IRS typically selects which type of return?

madreJ [45]

Those who have the most deductions

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3 years ago

In today's business environment, firms that truly focus on customers must instill a corporate culture that places customers and

kumpel [21]

Answer:

Relationships; Competition.

Explanation:

In today's business environment, firms that truly focus on customers must instill a corporate culture that places customers and other stakeholders at the top of the organizational hierarchy. when this occurs, the firm shifts its focus from transactions to <u>relationships</u>, and from <u>competitions</u> to collaboration.

Customer are considered to be king in the current open market condition, where seller are trying every bit to attract more and more customer. When a firm possesses capabilities that allow it to serve customers' needs better than the competition, the firm is said to have competitive advantage, however, this lead to shift of focus from transaction to relation building with customer to gain profit in long run and it does not focus only on competition but look for collaboration with customer to gain competitive advantage for future.

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3 years ago

The absolute value of the price elasticity of demand for ground beef has been estimated to be 0.5. If mad cow disease strikes th

leonid [27]

Answer:

total expenditure would increase

Explanation:

the demand for ground beef is inelastic.

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one.

As a result of the disease, the supply of ground beef would fall. this would lead to a hike in the price of ground beef. But since demand for ground beef is inelastic, the the fall in demand would be less than the rise in price, so total expenditures would rise.

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4 years ago