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vampirchik [111]
3 years ago
5

Compared to those in low-income countries, the residents of countries with high per person incomes nearly alwaysa. live longer.b

. have a lower illiteracy rate.c. have a lower infant mortality rate.d. all of the above.
Business
1 answer:
Sedaia [141]3 years ago
6 0

Answer:

The correct answer is the option D: all of the above.

Explanation:

On one hand, a <em>low income country</em> is the type of country whose economy is poor mostly. It is characterized by the fact that it has no industry and most of its population has not enough money to make a good living.

On the other hand, a <em>high per person income country</em> is the concept used to refer to the whole opposite situation, in which <em>most of the people has enough money to make a good living</em> and also the majority of them are happy with that style of living due to the fact that the economy is doing well. Therefore that <em>in this type of country is where the citizens have more advantages</em>, including both<em> lower infant mortality rate</em> and <em>lower illiteracy rate</em> as well too. In addition, is in those countries where the <em>people live longer</em> because there are better health condition to live, including better medication, doctors, etc.

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g Price changes from year to year are not proportional, and consumers respond to these changes by altering their spending patter
Tpy6a [65]

Answer:

d. substitution bias.

Explanation:

Price changes from year to year are not proportional, and consumers respond to these changes by altering their spending patterns. The problem this creates for inflation calculations is called substitution bias.

A problem with the Consumer Price Index (CPI) arises from the singular fact that, when the price level of a product becomes relatively less expensive or lower, consumers tend to buy more quantity of the product and consequently, a lesser quantity of goods that are relatively more expensive.

Hence, their spending pattern changes with respect to the prices but it's not completely adjusted with the Consumer Price Index (CPI), thus, making the inflation rate to differ because of the problem of substitution bias.

6 0
3 years ago
Lawrence Company applies manufacturing overhead to jobs based on machine hours used.
NikAS [45]

Answer:

Under/over applied overhead= $10,000 underallocated

Explanation:

Giving the following information:

Overhead costs are estimated to be​ $300,000.

The estimated machine hours are​ 125,000 hours.

During the​ year, actual overhead costs totaled​ $322,0000 and it incurred​ 130,000 machine hours.

First, we need to calculate the estimated manufacturing overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 300,000/125,000= $2.4 per machine hour

Now, we can allocate overhead

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 2.4*130,000= $312,000

Finally, we determine the under/over allocation:

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 322,000 - 312,000= $10,000 underallocated

3 0
4 years ago
A company has a selling price of $1,650 each for its printers. Each printer has a 2 year warranty that covers replacement of def
neonofarm [45]

Answer:

$119,070

Explanation:

The computation of warranty expense for the month of November is shown below:-

Warranty expense for the month of November = Sold printers × Warranty percentage × Average cost

= 27,000 × 3% × $147

= $119,070

Therefore for computing the warranty expense for the month of November we simply applied the above formula.

5 0
3 years ago
Which of the following is NOT one of the three strategic approaches to competitive​ advantage?A.responseB.innovationC.differenti
KATRIN_1 [288]

Answer: Innovation.

Explanation:

The strategic approach to competitive advantage are those key areas that a business improves on, to give the business an edge over their competitors.

The three strategic approaches to competitive​ advantage are: Response/Focus, differentiation and cost leadership. Innovation is a part of the differentiation strategy.

8 0
3 years ago
Lopes Increase the size of store and parking lot Do not increase the size of store and parking lot
Zielflug [23.3K]

Answer:

c. $1.0 million for Lopes and by $1.5 million for HomeMax.

Explanation:

If Lopes and HomeMax both wants to maximize their profits they should choose a strategy which is beneficial for both of them. If both choose to increase the size of store and parking lot this will bring them maximum returns according to the matrix. They will be Nash equilibrium state which is a stable state.

5 0
3 years ago
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