The right answer for the question that is being asked and shown above is that: "c. Access." You want to create a relational database for your company. The application that would assist you in doing this is the Microsoft Access. It is just a simple database handler.
Answer:
This is True because, when one calculates the rate of inflation by applying the CPI for All items, it does not really mean that all groups of services and goods have the same price rate change over the period.
Explanation:
Solution
Given that:
The Rate of inflation = ((254.202 - 249.554) / 249.554)*100 = 1.86%.
Now,
The rate of inflation measured by the rate of change of CPI was 1.86%.
True. It is right since when one calculates a single rate of inflation using the CPI for “All items”, it does not really mean that all types of goods and services experienced the same rate of price change over the period. It is almost the average of increase in prices of “All items” in the given period.
The correct statement is Inflation is problematic if unexpected
Money loses purchasing power during inflation and there's too much of it.
Answer:
The correct answer is allocative efficiency.
Explanation:
A production possibility curve shows different bundles that can be produced using the given resources. A budget constraint shows the different bundles of two goods that a consumer can purchase using his limited income.
All the points on the production possibilities curve or budget constraint show all the bundles that are attainable and productively efficient.
Allocative efficiency represents the level of output where the marginal benefit earned from the last unit is equal to the marginal cost incurred.
The society as whole or a rational consumer will choose the point where it has allocative efficiency, or in other words, where the marginal benefit is equal to marginal cost.