Answer: whether the differential benefits exceed the differential costs
Explanation:
Answer:
Induced consumption is the portion of consumption that varies with disposable income. When a change in disposable income “induces” a change in consumption on goods and services, then that changed consumption is called “induced consumption”. In contrast, expenditures for autonomous consumption do not vary with income.
Explanation:
Answer:
Gain $4,800
Explanation:
Calculation for gain to be recognized from the exchange
Using this formula
Gain= [(Cash received / {Cash received + Fair value}) * {(Fair value+ Cash received- (Exchanged equipment cost - Accumulated Depreciation)}]
Let plug in the formula
Gain= [($12,000 / {$12,000 + $48,000}) * {($48,000 + $12,000 - ($66,000 - $30,000)}],
Gain= [($12,000 /$60,000) * $60,000- $36,000]
Gain=0.2* $24,000
Gain= $4,800
Therefore the gain to be recognized from the exchange is $4,800
Answer:
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<u>A social goal of any economic system:</u>
All economic systems' broad goals saw as key to the U.S. economy are soundness, security, economic freedom, equity, economic growth, efficiency, and full employment.
Accomplishing these objectives is troublesome in light of the fact that—despite the fact that the objectives supplement each other now and again—by and large, there are exchange offs to confront. To keep up a solid economy, the national government looks to achieve three approach objectives: stable costs, full business, and financial development.
Notwithstanding these three arrangement objectives, the central government has different destinations to keep up the sound financial strategy. Monetary objectives are not in every case commonly perfect; the expense of tending to a specific objective or set of objectives is having fewer assets to focus on the rest of the objectives.
