Answer:
A)
Explanation:
Based on the scenario being described within the question it can be said that this is an example of noise. This term refers to something that is constantly being introduced which is unwanted or distracting/influencing certain decisions. Which in this case the "noise" are the manager's thoughts regarding Dan which are influencing the way he feels about the project that Dan is involved in.
Answer:
D. either real output or the price level (GDP deflator) have increased.
Explanation:
GDP is the total value (price x quantity) of goods & services produced by an economy during an a time period.
Real GDP is calculated on the basis of base year price index. Nominal GDP is calculated on the basis of current year price index.
So: Real GDP increases only due to rise in output quantity, not by price. Nominal GDP can increase due to rise in both output quantity or in price level (reflected in deflator).
This makes Real GDP a better measure of Economic growth than Nominal GDP, since it captures effect of increased production only (& not price).
Deflator is a measure of average price level change =
<u>Nominal GDP</u> X 100
Real GDP
Deflator > 100 shows inflation in general price level, Deflator < 100 shows deflation in general price level.
Answer:
Explanation:
In a market economy, resource allocation is determined by the supply and demand forces. In other words, the allocation of resources is decided using the price mechanism.
The resource allocation in a planned economy, on the other hand, is determined by a government or a central authority. In other words, the central authority decides the quantity to be produced, the method of production, and the target consumer to whom the production is targeted.
The client should pay an amount based on the company and how many they had to pay in the past. Making it fair and expecting what could happen, so the client can be insured. I hope that makes sense.
Answer: Option (D)
Explanation:
From the given case/scenario, we can state that the correct options are <em>a and d. </em>In discipline such as economics and law, Coase theorem tends to describes or states the economic efficiency of the outcome or economic allocation in presence of the externalities. This theorem tends to states that under a trade in a given externality will be possible and thus there will be sufficiently low cost of transaction, and the bargaining will thus lead to Pareto efficient result regardless or irrespective of initial distribution of the property.
