Answer: The correct answer is "C. reinforces the substitution effect in the normal good case.".
Explanation: When the Price of a Good changes, a change occurs in the Real Income. If the price of the Good falls, leaving the prices of the other Goods and the nominal Income constant, with the same Nominal Income you can acquire more of the Good whose Price fell, of other Goods or of all of them. The opposite occurs when the Price of the good rises. Thus, a change in prices induces a change in real income.
In the case of normal goods the income effect of a price change reinforces the substitution effect because people prefer not to buy that good and <u>replace</u> it with a lower one that costs a lower price.
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<u>Full question:</u>
The symbol in flowcharting that is used to mark the point in the process where the analysis skips to another common point of the process is called:
a. Terminator icon
b. Line connector icon
c. Connector icon
d. Process icon
<u>Answer:</u>
The symbol in flow-charting that is used to mark the point in the process where the analysis skips to another common point of the process is called connector icon
<u>Explanation:</u>
Connector Symbol Symbolizes that the flow proceeds where an equal symbol has been assigned. Connector symbols perform it more accessible to combine flowcharts that traverse many pages. A loop may, consists of a connector where controller first begins, processing steps, a qualified with 1 arrow exiting in the loop, and one running back to the connector.
Off-page connectors are often employed to imply a connection to a process carried on another sheet. Connectors are regularly labeled with capital letters to dispense coordinating jump points.
Answer:
Option D
Calls for more funding for science education in America the growth of the antiwar movement
Explanation:
Due to the cold war, the need for superiority in science and technology was created, and the U.S and Russia were the two countries running the arms race to gain superiority. When Russia launched the first rocket into space, The US responded by channeling funds into research and development. This was done in order to launch their own satellite into space as well. This was achieved a few years later with the launching of the Explorer 1
