Answer:
c. Inferior
Explanation:
Based on the information provided it can be said that this behavior would indicate that to John, a bus ride is an inferior good. This term by definition is a good whose demand decreases when consumer's income rises. Since John received an increased salary with his promotion, he is now able to afford to be able to drive instead of taking the bus. Therefore his demand for taking the bus has drastically decreased.
Answer:
Inter-rater reliability.
Explanation:
Based on the scenario being described within the question it can be said that in this situation Bill and Nancy are interested in the measure's Inter-rater reliability. This term focuses on measuring the level extent in which two or more raters/observers/researchers agree on the on the something. Such as Bill and Nancy are doing by checking the consistency of the results to see if many raters agree with one another.
Answer:
panel interview
Explanation:
Based on the information provided within the question it can be said that this is an example of a panel interview. This is a type of interview in which a group of individuals all ask questions to the potential candidate. This group of individuals then analyzes the question and make a group decision as to whether or not they will hire the individual for the job.
<h3>Hello there!</h3>
Your question asks what is financial literature.
<h3>Answer: Knowledge and skills that someone has in making good decisions with the financial sources that they have.</h3>
When you look at the word "financial literature", you can see that it has the word "financial" in it, so that means that it's going to be based off of finance.
Financial literature is knowledge and skills someone has in finance. What this means is that someone has knowledge on how finance works and know ways to stay financially stabled. The knowledge that someone could have is how money works, how to manage the money, and how to turn the money they already have into more money.
The knowledge that an individual could attain from financial literacy could help them in the long run, in which it's highly recommended to learn financial literacy, due to the fact that tons of people are going into debt because they don't know how to manage their finances.
To sum it up, people who know financial literacy would have a high chance in knowing how to manage their money and stay out of debt.
<h3>I hope this helps!</h3><h3>Best regards, MasterInvestor</h3>
<u>Answer:</u>
<em>The factors of production typically include land, labor, capital, entrepreneurship, and the state of technological progress.</em>
<u>Explanation:</u>
In economics, capital typically refers to money. But money is not a factor of production because it is not directly involved in producing a good or service.
Instead, it facilitates the processes used in production by enabling entrepreneurs and company owners to purchase capital goods or land or pay wages. For modern mainstream economists, capital is the primary driver of value.
