Answer:
An increase in your income causes you to buy more hamburgers.
Explanation:
An increase in your income causes you to buy more hamburgers.
Option "A" is correct because the increase in income exhibits an increase in purchasing power. Moreover, there is a positive relationship between the income the demand for normal goods which means if the income rises, then the demand rises. If the income falls, then demand for goods also falls. Therefore, option "a" is right.
Answer:
If a decrease in income increase the demand for a good , the good is an inferior good.
An inferior good is a good whose demand falls when income rises and rises when income falls.
Inferior goods have an indirect relationship with income
A normal good is a good whose demand rises when income increases and falls when income falls.
Normal goods have a direct relationship with income.
A substitute good is a good that can be used in place of another good. For example if good A and B are substitutes, if the price of good A increases, it would become more expensive for consumers and consumers would shift to consuming good B. As a result the demand for good B would rise and the quantity demanded of good A would fall.
Complements are goods that are used together. If the price of one of the goods increases, the demand for the other good falls and vice versa.
For example, gasoline and car are complements. If the price of cars fall, people would increase their demand for cars and as result the demand for gasoline would increase.
I hope my answer helps you
Explanation:
Answer: B) Short range
Explanation:
Short range time horizon forecasting is prediction of the time span range till which the decisions regarding production, investments etc will work.This span is from three weeks lasting upto 1 year for making plans and accurate or actual predictions .It is used in job plan, work-force stages etc.
Other options are incorrect because long, medium or intermediate are the horizon that can't be predicted easily as compared to short range horizon for making decision based on few weeks span.Thus, the correct option is option(B).
Parties place a considerable amount of attention on compensation plans because: Attracting exemplary employees with good compensation packets can translate into a competitive edge.
<h3>What is the importance of compensation and benefits?</h3>
Compensations and benefits are important elements of human resource management as it helps the force keep going. These compensations support the workforce inspired to achieve more. It helps the community award its employees established on their performance and allows them to excel at every venture they undertake. When employees are a part of a team their compensation should be: founded on team performance, with supplemental rewards for those workers who make outstanding personal assistance.
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During the 1960s,US. firms created just over <u>65%</u> of worldwide foreign direct investment and British firms were second accounting for just over 10 percent.
<h3>What is meant by foreign direct investment?</h3>
Foreign direct investment (FDI) is known to be a type oof cross-border form of investment.
Note that it it one where an investor that is known to resident in one economy set up a lasting interest in and a vital extent of influence over a firm that is found in another economy.
Therefore, note that during the 1960s,US. firms created just over <u>65%</u> of worldwide foreign direct investment and British firms were second accounting for just over 10 percent.
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