Answer:
The statement is false
Explanation:
Non- essential expense is the expense which is spent on the extra things, which means it is not essential to meet the needs. Whereas the essential expense are those expenses which are spend on consuming the things required for living. For example food, cloth.
So, both the expenses are those expense which are necessary for an individual or person and therefore, cannot be reduced in order to produce the more savings.
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Answer: $42,400
Explanation:
The family currently spends $40,000 on living expenses.
Inflation is expected to be 6% and as Inflation is used to refer to the general rise in prices, this means that the family will be spending 6% more in one year.
They will therefore be spending;
= 40,000 * (1 + 6%)
= $42,400
Answer:
a)- the income effect is greater than the subsitutuion effect
Explanation:
<u>Yes, absolutely.</u>
The Civil Rights Act of 1964, which finished isolation in broad daylight puts and prohibited work segregation based on race, shading, religion, sex or national inception, is viewed as one of the delegated authoritative accomplishments of the social liberties development. First proposed by President John F. Kennedy, it survived solid restriction from southern individuals from Congress and was then marked into law by Kennedy's successor, Lyndon B. Johnson.
