The pair of items that is most likely to have a negative cross-price elasticity of demand is

Robert G. Flanders Jr., the state-appointed receiver for Central Falls, RI, said his city's declaration of bankruptcy had proved

valentinak56 [21]

Answer:

False

Explanation:

Missing question: <em>The ability to declare bankruptcy increased the disagreement value of the city during negotiation with the unions</em>

Alternatives available to an agreement determine the terms of an agreement. If bankruptcy is been declared in a situation where the cities can manipulate and evade much of their pension obligations owed to unions, such scenarios gives the city a much better alternative, if the favorable agreement with the city's unions and retirees emerge.

7 0

3 years ago

Under which type of policy does the government reduce its expenditures and increase tax rates? A. contractionary monetary policy

zloy xaker [14]

Answer:

B. contractionary fiscal policy

Explanation:

The government influences economic direction through fiscal policy measures of increasing or decreasing its expenditure and taxation. Therefore, fiscal policies involve the government's actions of adjusting its spending and taxation to achieve desired economic objectives.

Fiscal policies can either be contractionary or expansionary. Contractionary measures are applied to control rising inflation and moderate the rate of growth. These policies aim at reducing liquidity in the market, thereby achieving stable prices. A reduction in government spending and an increase in taxation reduces liquidity or money circulation.

4 0

3 years ago

At December 31, 2020 Bramble Corp. had 298000 shares of common stock and 9800 shares of 6%, $100 par value cumulative preferred

Vika [28.1K]

Answer:

the earning per common share is $3.83 per share

Explanation:

The computation of the earning per common share is shown below

= Net income ÷ weighted number of outstanding shares

= $1,143,000 ÷ (298,000 shares)

= $3.83 per share

We simply divided the net income from the weighted number of outstanding shares so that the earning per share could be determined

hence, the earning per common share is $3.83 per share

5 0

3 years ago

Use the following information to answer the question. There are three firms in an economy: X, Y, and Z. Firm X buys $200 worth o

Kamila [148]

Answer:

$2,775

Explanation:

The computation of the GDP of the economy is given below:

But before that the total value sold by three firms would be determined

Total amount of goods sold by X:

= X sells to Y + X sells to Z

= $150 + $75

= $225

Total amount of goods sold by Y:

= Y sells to X + Y sells to Z

= $200 + $50

= $250

Total amount of goods sold by Z:

= Z sells to X + Z sells to Y

= $300 + $250

= $550

Now

Amount of goods generated by X

= units of output × cost per unit

= 250 units × $4

= $1,000

Value of goods generated by Y

= units of output × cost per unit

= 300 units × $6

= $1,800

Value of goods generated by Z

= units of output × cost per unit

= 500 units × $2

= $1,000

Now GDP is

= [Goods generated by X - Valued added by X] + [Goods generated by Y - Value added by Y] + [Goods generated by Z - Value added by Z]

= [$1,000 - $225] + [$1,800 - $250] + [$1,000 - $550]

= $775 + $1,550 + $450

= $2,775

5 0

3 years ago

Bill just financed a used car through his credit union. His loan requires payments of $275 a month for five years. Assuming that

sergiy2304 [10]

Answer:

Amortized loan

Explanation:

Hope that helps

5 0

2 years ago