Answer:
The mayor thinks demand is inelastic, and the city manager thinks demand is elastic.
Explanation:
- Inelastic demand is when there is no noticeable change in product demand as the price of the product changes drastically. This type of environment is seen when there are no good substitute for the product.
- Elastic demand is when a slight change in product price changes the market demand for the product. This occurs when there are substitutes.
- Here, the mayor thinks there is inelastic demand and the city manager thinks the demand is elastic.
The 24 statements is that your list and brief statement explains the five activities for what a purchasing department normally has for responsibility.
Answer: d. inflation will increase.
Explanation:
The Natural rate of unemployment is the long term rate of unemployment which means that it is the rate associated with the Potential GDP.
If the Actual unemployment is less than this natural rate, it means that the Economy is performing better than the potential GDP. When this is happening, it means that the economy is overheating.
One of the symptoms of an overheated economy is increased inflation as more people can afford to buy goods and services. Inflation is therefore more probably rising in this economy.
Answer: B.
Explanation: Contributions to individuals, foreign governments, foreign charities, and certain private foundations similarly are not deductible.
Privatization started in Great Britain in the early 1980s when then Prime Minister Margaret Thatcher started to sell state-owned assets such as the British telephone company.
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Explanation:</u></h3>
Privatization refers to the act of transferring the ownership of the properties that are owned by the government to the sectors of private. In this process the publicly traded company will be taken under the control of some private people.
In Great Britain, the modern management process which is also termed as general management was introduced in the NHS, in 1980s. In Great Britain, in the early 1980s, the Prime Minister Margaret Thatcher started selling the assets that are owned by states such as British Telephone Company which comes under Privatisation.
