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Salsk061 [2.6K]
3 years ago
14

You read in the paper that there has been a significant increase in the consumer confidence index. having taken an economics cla

ss, you predict that spending in the economy will __________ and aggregate demand will __________
Business
1 answer:
lys-0071 [83]3 years ago
5 0
Spending will increase.

Demand will increase.

The consumer confidence index is a measure of how "confident" the population of the United States is in the economic status of the US. Thus, both these values will increase!
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When one nation can produce a product at lower cost relative to another nation, it is said to have a(n) __________________ in pr
guajiro [1.7K]

Answer:

absolute advantage

Explanation:

In such a scenario the nation is said to have an absolute advantage in producing that product. Like mentioned, this term refers to the ability of a nation to be able to produce a greater quantity of a good, product, or service than its competitors at a lower cost. This allows the nation to profit massively as well as having more opportunities.

8 0
3 years ago
Identify which of the following statements is true. A) Tax planning is an integral part of both closed-fact situations and open-
Ymorist [56]

The Statements on Standards for Tax Services recommend that only written tax advice be provided to

the client in all situations.

6 0
3 years ago
Ray's Sounds has accumulated the following cost and market data on March 31: Cost Data Market Data iPods $24,000 $20,400 Cell ph
mixer [17]

Answer:

$64,000

Explanation:

product     cost data     market data       lower of cost or market

ipod       24,000         20,400             20,400

cell phone 18,000          19,000                18,000

DVDs        28,000          25,600              25,600

ending inventory = 20,400 + 18,000  + 25,600

                             = $64,000

Therefore, The value of the ending inventory is $64,000

8 0
3 years ago
A flower distributor asked the Fresh Farms sales representative if the company had any red roses in stock. The sales representat
Fynjy0 [20]

Answer:

The correct answer is KISS Rule.

Explanation:

The KISS principle states that most systems work better if they remain simple than if they become complex; Therefore, simplicity should be maintained as a key design objective, and any unnecessary complexity should be avoided.

This principle is registered for the first time in the United States Navy in 1960, and is mainly attributed to Kelly Johnson, chief engineer at Lockheed Skunk Works.

According to FOLDOC, the online dictionary of the Imperial College Department of Computing, possibly has its origin in marketing and sales presentations, to be used later in the development of systems, especially to avoid that the successive developments in the designs are complicated.

5 0
3 years ago
Consider the following information about a simple country that produces two different goods: Year PriceMilk QuantityMilk Price C
Tema [17]

Answer:

Nominal GDP in 2014 was $1000

Nominal GDP in 2015 was $1665

Nominal GDP in 2016 was $2500

Explanation:

Nominal GDP is the market value of goods and services produced in an economy, un-adjusted for inflation.

NGDP= Q x P

Where

Q= quantity

P= price

Nominal GDP in 2014

NGDP(2014)=$4x 100+ $5 x120

NGDP(2014)=$1000

Nominal GDP in 2015

NGDP(2015)= $4.50x 150+ $5.50x 180

NGDP(2015)=$1665

Nominal GDP in 2016

NGDP(2016)= $5x 200 +$6.00x 250

NGDP(2016)= $2500

7 0
3 years ago
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