A substitute is a good that is seen as relatively equal to another good in consumption. Rice is a staple grain for many people and viewed as an alternative to past. When the price of rice increases, more people will want to buy spaghetti as it is a cheaper alternative, all else being equal;. which will shift the demand curve to the right.
A complement is a good that is often consumed with another good. Spaghetti and meatballs is a common dish, the two goods are often served together. A decrease in the price of meatballs would likely increase the demand for meatballs and the demand for spaghetti. This will also shift the demand curve to the right.
The supply curve for spaghetti is unaffected as this news does not impact the process of production or the price of its inputs.
We can mange scarcity but all societies must deal with scarcity because there are limited resources and unlimited wants. Those three options are: economic growth. reduce our wants, and improve The use of available resources.
Answer and Explanation:
1. The given statement is false as the specific projects are those projects that are funded for the specific or particular task
2. The given statement is true as the bill payment made for utility would be recorded in a proprietary fund
3. The given statement is true as the measurement of the economic resources would be recognized in the financial statement i.e. government wide
4. The given statement is true as the capital assets and long term liabilities that related to the proprietary find would be accounted under modified accrual basis
5. The given statement is true as for the government funds as well, it used the accrual basis
6. The given statement is true as the financial statement i.e. government wide would recognize the long term liabilities
Answer:
See bellw
Explanation:
Income of J.D related to Clampett = Ordinary income + Capital gain
Given that
Basis distribution = $42,500
Basis stock = $36,000
Ordinary = $11,800
But Capital gain = Basis distribution - (Basis stock + Ordinary income
= $42,500 - ($36,000 + $11,800)
= $42,500 - $47,800
= - $5,300
Therefore, J.D income related to Clampett
= Ordinary income + Capital gain
= $11,800 - $5,300
= $6,500