Answer:
False
Explanation:
The need for affiliation refers to the need people have to feel that they are part of a social group. People that have a high need for affiliation requires close relationships and needs to be approved by the people that are close to them. Also, they want to feel that they are part of something that has an important impact. According to this, the statement that says that the need for affiliation is the need to excel is false.
Answer:
The correct answer is option c.
Explanation:
As a result of immigration the population will increase. This will further cause the supply of labor to increase. The increase in supply of labor will further lead to a rightward in the labor supply curve. Consequently, wage rate will fall.
The demand for labor will not be affected by influx of workers.
So, option c is the correct answer.
Answer:
Computer equipment:
year 1: (using 20% depreciation rate)
20% × 6000 = 1200 × (9÷12) = 900
Year 2: 1200
Dog grooming furniture:
year 1: 20% × 7000 = 1400 × (7÷12) = 817
Year 2: 7000
Pickup truck:
year 1: 20% × 10000 = 2000 × (3÷12) = 500
Year 2: 2000
Commercial building:
year 1: 20% × 280000 = 56000 × (2÷12) = 9333
Year 2: 56000
Land (one acre):
Land is not dereciated because it has infinite life.
Answer
Capital
Explanation
Capital as a factor of production consists of tangible and intangible goods which are produced in the environment and utilized as inputs to further produce more goods and services. Human made resource such as money/wealth is used to produce more wealth by facilitating buying of capital equipment which aid in process of economic development.
