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3 years ago

True or False: Equality refers to how the pie is divided, and efficiency refers to the size of the economic pie.

Business

1 answer:

SIZIF [17.4K]3 years ago

8 0

Answer:

The correct answer is True.

Explanation:

Economic efficiency is the efficiency with which an economic system uses productive resources to meet its needs. According to Todaro the concept means in matters of "production, use the factors of production in combinations of lower cost, in consumption, allocation of expenses that maximize consumer satisfaction (utility)".

Economic or income equality, social equality and cultural equality would be achieved if economic, social and cultural rights - second generation human rights - are fulfilled. Equity or equal resources is essential both to fully exercise civil and political rights and to have a decent life.

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If you were to going to use a graphic that best showed the relative proportions of educational spending in the State of Californ

Svetradugi [14.3K]

Answer:

Explanation:

The circle graph or pie chart is commonly used when we want to give a visual demonstration of the proportional division of a data. Each item is expressed as a sector of the circle where the angle is relative to the value of the item.

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2 years ago

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The Freed Corporation produces three products, X, Y, Z, from a single raw material input. Product Y can be sold at the split-off

dexar [7]

Answer:

Increase in income= (68,000 - 16,000) - 50,000= 2,000

New income= 68,000 - 16,000= 52,000

Explanation:

Giving the following information:

Product Y can be sold at the split-off point for total annual revenues of $50,000, or it can be processed further at a total annual cost of $16,000 and then sold for $68,000.

Increase in income= (68,000 - 16,000) - 50,000= 2,000

New income= 68,000 - 16,000= 52,000

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3 years ago

Which of the following is true? A Debit cards offer the highest level of fraud protection. B Checks are the most widely accepted

kozerog [31]

The answer is C. You withdraw money from a bank account while using them.

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3 years ago

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(I) Because interest rates on Treasury bills are more volatile than rates on long-term securities, the return on short-term Trea

kherson [118]

Answer:

B) (I) is false, (II) true.

Explanation:

Even though short term rates (Treasury bills) are much more volatile than long term rates (Treasury bonds), it is normal that the rate of return on Treasury bills is lower than the rate of return on Treasury bonds. Some of the reasons why Treasury bills have such a low rate of return is that they are very liquid investments and they don't pay any periodic interest.

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3 years ago

Maxtor Technology incurred the following costs during the year related to the creation of a new type of personal computer monito

jek_recluse [69]

Answer:

$657,000

Explanation:

The computation of the research and development expense reported is shown below:

Salaries $280,000

Depreciation R&D facilities and equipment $155,000

Utilities and other direct costs $72,000

Payment to another company $150,000

Total R & D expense $657,000

All other items which are not taken in the computation part is irrelevant. Hence ignored it

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3 years ago