Answer:
Fiscal Policy: Is very important and useful in tackling and contending economic slip into stark recession with its incorporated “safety nets” and equilibrium tools, and while the incorporated stabilizers can also reduce and curb high spending during inflationary periods by mopping up excess cash in circulation by way of reducing government expenditure and increasing tax. Nevertheless, it is certainly not possible to keep the economy at its full-employment, noninflationary level of real GDP indefinitely. This is for a simple reason of timing factor as a problem. Business cycle operates with time, and the impact of fiscal policy will affect the an economy business cycle inversely subject on the timing of the fiscal policy and the rigorousness of the economic situation. Fiscal policy drives in an environment that is politically determined that would for political reasons disapprove of higher taxes and precise cutting of spending by government through the fiscal policy framework for appropriate economic policies implementation.
On a final note, fiscal policy framework will not be very possible to do any acceptable alteration of the economy to a perfect level to start with. it is almost impossible to proposal a long term fiscal policy framework that would keep the economy stabilized for long, because of so the factors I already explained (Political, instability, timing etc).
Answer: Kansas City with a profit of $256,000
Explanation:
Omaha
Profit = Revenue - Fixed expenses - Variable expense
= Number of units * (Revenue - variable expenses) - Fixed cost
= 8,000 * (185 - 36) - 1,200,000
= -$8,000
Kansas City
= 12,000 * (185 - 47) - 1,400,000
= $256,000
When a shortage exists in a competitive market, the price provides incentives for Buyers to decrease the quantity of a good or service purchased to the market.
More about shortage:
In terms of economics, a shortage occurs when there is a discrepancy between the amount supplied and the quantity sought at the going rate.
Three factors primarily contribute to shortages: rising demand, falling supply, and government action. The term "scarcity" ought not to be confused with "shortage" as it is used in economics.
Command economies experience higher shortages. Here, the government refuses to let the forces of supply and demand determine the price of a good or service on the open market.
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Answer:
To make a career decision you need to focus on four really important things.
1. You should know what interests you and what do you want to keep on pursuing in the future.
2. Evaluate your skills that are you even capable of doing that work that interests you or are you suitable for some other work.
3. Work attitudes, meaning that do you really have the attitude for the work?
4. Training and Education, this means that are you qualified enough for that specific work.
Explanation:hope it helps
CHANGES IN THE MARKET would cause a business to change its product or service design. Change in the market may affect either the demand or the supply either negatively or positively. Other factors that can cause change in the market include: increase in the interest or exchange rate, new technology and innovations, emergence of new competitors, etc.