Answer: Inimitable
Explanation: To be the basis of a firm's superior performance over competitors for an extended period of time, valuable and rare resources need to be <em>inimitable.</em> If the firms resources are valuable and inimitable then it will have an advantage over the competitors. The competitors will not be able to copy the product produced by the firms as it would be impossible to copy the resource.
Answer:
The effects of inflation in the U.S. trading partner, will pass through the U.S. economy in the form of exports: since the U.S. imports goods from ABC islands, the higher prices in the ABC islands will make imports from there more expensive, contributing to a small raise in inflation in the overall U.S. economy.
However, exports from ABC Islands are likely to be a small component of U.S. Aggregate demand, so the effect in overall inflation is likely to be small.
Despite this, the fed can step in and raise interest rates by contracting the money supply. This is contractionary monetary policy, and it is used when inflation is rising. It lowers the value of the U.S. dollar in international markets, but it increases output price level.
The Right response is Option D which is <u>Expenses on Education.</u>
A qualified education expense is money you spend for college tuition, enrollment fees, and any other expenses that are required for you to attend or enroll in an educational program at an eligible educational institution. An example of another cost that may qualify is a student activity fee that all students must pay.
<h3><u>Why government should spend on education?</u></h3>
- Investment in its education system is one of the best ways to improve a country's economy in the long term. The more students entering third level education, the more skilled a workforce will be and this leads to higher innovation and productivity.
- States contribute a total of $357.0 billion to K-12 public education or $7,058 per student. Local governments contribute $347.4 billion total or $6,868 per student. Federal public education funding is equivalent to 0.32% of total taxpayer income. State and local funding is equivalent to 3.76%.
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Correct Question - Investment in human capital implies:
a. expenses on the purchase of land.
b. investment on machines, technological development, and equipments.
c. profit of the entrepreneurs.
d. expenses on education.
e. expenses on paying interest for hiring real capital.
Answer:
The income elasticy of demand for steak is 0.5
Explanation:
The income elasticity of demand formula is:
IED = Δ%Q / Δ%Y
Where:
- Δ%Q is change in quantity demanded
- Δ%Y is change in income
So for this case:
IED = 2%/4%
= 2/4
= 0.5