In a message using the direct approach, the opening should ____

Which of the following statements are positive? The minimum wage creates unemployment among young and unskilled workers. The min

larisa86 [58]

Answer:

The minimum wage creates unemployment among young and unskilled workers.

If the price of a product in a market decreased, other things equal, quantity demanded will increase.

There is a tradeoff between inflation and unemployment in the short run.

If consumer income increases, other things equal, the demand for automobiles will increase

If interest rates increase, investment will decrease.

Explanation:

Positive statement is objective and statements are usually based on facts and economic theory. They can be tested.

It is a known fact that the higher the minimum wage, the lower the demand for labour and the higher the unemployment rate. this is because price varies inversely with demand

a tradeoff between inflation and unemployment in the short run is known as the Phillips curve

Normative statement is based value judgements, opinions and perspectives. For example, the statement - social welfare spending in Sweden occupies too large a portion of the national budget - is based on opinion. To some the expenditure might be even too small. There is no economic theory that can be used to determine if this expenditure is too large or small

5 0

3 years ago

The Internal Revenue Service (IRS) provides a toll-free help line for taxpayers to call in and get answers to questions as they

kondor19780726 [428]

Complete question is;

The Internal Revenue Service (IRS) provides a toll-free help line for taxpayers to call in and get answers to questions as they prepare their tax returns. In recent years, the IRS has been inundated with taxpayer calls and has redesigned its phone service as well as posting answers to frequently asked questions on its website (The Cincinnati Enquirer, January 7, 2010). According to a report by a taxpayer advocate, callers using the new system can expect to wait on hold for an unreasonably long time of 14 minutes before being able to talk to an IRS employee. Suppose you select a sample of 50 callers after the new phone service has been implemented; the sample results show a mean waiting time of 12 minutes before an IRS employee comes on line. Based upon data from past years, you decide it is reasonable to assume that the standard deviation of waiting times is 10 minutes. Use a = 0.05.

a. State the hypotheses.

b. What is the p-value (to 4 decimals)?

c. Using a = 0.05, can you conclude that the actual mean waiting time is significantly less than the claim of 14 minutes made by the taxpayer advocate

Answer:

A) Null hypothesis; H0: μ ≥ 14

Alternative hypothesis; Ha: μ < 14

B) P-value ≈ 0.0793

C) The p-value is less than the significance value and thus we will fail to reject the null hypothesis and conclude that the evidence is not sufficient to reject the claim that the actual mean waiting time is significantly less than the claim of 14 minutes made by the taxpayer advocate

Explanation:

We are given;

Population mean time; μ = 14

Sample mean time; x¯ = 12

Population size; n = 50

Standard deviation; σ = 10

A) Let's state the hypotheses;

Null hypothesis; H0: μ ≥ 14

Alternative hypothesis; Ha: μ < 14

B) Let's first find the test statistic from the formula;

z = (x¯ - μ)/(σ/√n)

z = (12 - 14)/(10/√50)

z = -1.41

From online p-value from z-score calculator attached using; z = -1.41: α = 0.05 and one tailed hypothesis, we have;

P-value ≈ 0.0793

C) The p-value is less than the significance value and thus we will fail to reject the null hypothesis and conclude that the evidence is not sufficient to reject the claim that the actual mean waiting time is significantly less than the claim of 14 minutes made by the taxpayer advocate

8 0

3 years ago

Your cousin has just graduated from college and is starting her search for an apartment to rent. What are three steps you think

DerKrebs [107]

Look at the apartment before signing the lease, check her phone signal in the apartments, and go with the safest option!

4 0

3 years ago

Read 2 more answers

Billie Bob purchased a used camera (five-year property) for use in his sole proprietorship in the prior year. The basis of the c

ludmilkaskok [199]

Answer:

$48

Explanation:

Property's been listed in the business and use drops by more than n 50%, we have to use the straight-line method and all prior years' excess depreciation has to be recovered. The asset's been recapture within the five (5) years and the half-year convention will to be applied.

The evaluation for the current year's depreciation before adjusting for the prior year is done as follows

$2,400 × 0.20 × 40% = $192.

But we have to recover prior depreciation of $144 ($2,400 × 0.20 × 60% = $288 taken less $144 (straight-line, ½ year)) that would have been taken.

6 0

4 years ago

In a low power distance culture, Multiple Choice seniority, rank, and title are important. relatives will be welcomed into the w

abruzzese [7]

Answer: first names are likely to be used in the office because the ideal is equality.

Explanation:

Power distance simply has to do with how power is distributed in the organization. In a high power distance culture, it should be noted that there is power inequality which is common.

On the other hand, in a low power distance culture, it isn't hierarchical and theres power equality. In low power distance culture, first names are likely to be used in the office because the ideal is equality.

3 0

3 years ago

In a message using the direct​ approach, the opening should​ _____.

In a message using the direct approach, the opening should _____.