Answer:
A) No, total values and imports and exports should be included in the calculation of the GNP.
Explanation:
The gross national product (GNP) must include the value of all imports and exports including intermediary goods.
Intermediary goods are goods used in the production of final goods, e.g. wood used to build a house. Intermediary goods can sometimes be final goods depending what use will be given to them, e.g. a tire is an intermediary good in the production of a car but it is also a final good when you buy a new tire to replace an old tire.
Answer: The correct answer is "a. $26,000".
Explanation: Implicit costs: Also known as opportunity costs have to do with alternative profit options, or money that we no longer receive when performing certain commercial actions.
A person incurs implicit costs when he waives an alternative action.
Implicit costs: $20000 + $6000 = $26000.
Inferior good:
Demand for that good decreases of the average income of the population increases.
Demand of that good increases of the average income of the population decreases.
Answer:
B)By posting a sign in the establishment
<h3>
What food may increase your risk of foodborne illness if not cooked?</h3>
- “Consuming raw or undercooked meats, poultry, seafood, shellfish, or eggs may increase your risk of foodborne illness.”
- “Consuming raw or undercooked meats, poultry, seafood, shellfish, or eggs may increase your risk of foodborne illness, especially if you have certain medical conditions.”
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The second step is the enforcement of the regulation.
Usually, the justice department in untied states will provide several workers from various agencies to make sure that the regulations created is being done.
These workers usually will be given a certain amount of power, such as giving warnings/punishment to the employers that is dare to break the rules.
