1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Contact [7]
3 years ago
8

The term _____________ describes a situation where a ________________ causes a reduction in the buying power of income, even tho

ugh actual income has not changed. question 3 options:
Business
1 answer:
Radda [10]3 years ago
6 0
The term income effect used in economics describes a situation where a higher price causes a reduction in the buying power of income, even though actual income has not changed. 
<span>It denotes the change in demand of a good or service as a result of a change in a consumer's discretionary </span>income<span>. </span>
You might be interested in
Country A had a population of 2,000, of whom 1,300 worked an average of 8 hours a day and had a productivity of 5. Country B had
SpyIntel [72]

Answer:

Country

  • c. B had the higher level of real GDP and Country A had the higher level of real GDP per person

Explanation:

Country A's population 2,000, worked 1,300 with 8 hours a day with a productivity of 5 = 52,000 units of something produced. GDP per capita = 52,000 / 2,000 = <u>26 per capita</u>

Country B's population 2,500, worked 1,700 with 8 hours a day with a productivity of 4 = <u>54,400 units</u> of something produced. GDP per capita = 54,400 / 2,500 = 21.76 per capita

3 0
2 years ago
POINTS!!!!!!!!!!!!!! BRAINLIEST AND 20+ POINTS!!!
bekas [8.4K]

Answer:

B

Explanation:

I think you've already figured this out for yourself, but I thought I'd answer anyway and maybe clarify some things.

Supply is the total amount of a <u>good or service</u> that is available to consumers.

  • Think about it: goods are physical things bought and sold, like apples. Services are actions done for another person, like taxi driving or renting a used car.
  • None of the other answers make sense: a "device" is not a strictly defined term in economics; an "industry" can't be available to consumers, and a "warranty" isn't applicable.
4 0
3 years ago
Read 2 more answers
An economy has a Cobb-Douglas production function:Y=K? (LE) 1-?.The economy has a capital share of a half, a saving rate of 24 p
Nina [5.8K]

Find the attachments sequence wise for complete solution

4 0
3 years ago
The App Store needs to raise $2.8 million for expansion. The firm wants to raise this money by selling 20-year, zero-coupon bond
DENIUS [597]

Answer:

10,064 bonds

Explanation:

Given:

Amount to be raised = $2,800,000

Par value (FV) = $1,000

Maturity (nper) = 20×2 = 40 periods

Yield (rate) = 6.49 ÷ 2 = 3.245% or 0.03245

Coupon payment is 0 as it's a zero coupon bond.

Assume it's compounded semi-annually.

Calculate the price of the bond today using spreadsheet function =PV(rate,nper,pmt,FV)

Price of bond is $278.23

PV is negative as it's a cash outflow.

Number of bonds to be sold = Total amount to be raised ÷ Price of bond

                                                = 2,800,000 ÷ 278.23

                                                = 10,064 bonds

Company should sell 10,064 bonds to raise $2.8 million

5 0
3 years ago
Music class is often seen as a fun extracurricular activity. Generally, individuals that study music achieve more exceptional sc
In-s [12.5K]

Answer: c. Individuals who study music tend to be more intelligent.

Explanation:

The underlying assumption of the argument above is that the individuals who study music tend to be more intelligent.

This can be infered in the statement that "Generally, individuals that study music achieve more exceptional scores in subjects such as math and language arts". In this case, a connection was emphasized between academics and music.

6 0
2 years ago
Other questions:
  • If you deposit $4,800 at the end of each of the next 20 years into an account paying 10.8 percent interest, how much money will
    8·1 answer
  • 3. Why does the infant mortality rate relate to a country's level of development?
    6·2 answers
  • Mallory needs to inform her staff that their insurance benefits are changing. as she prepares her strategy for presenting the in
    5·1 answer
  • Dr. Byron offers two possible solutions to sleep problems. If you had a child that would not sleep, which solution do you think
    14·1 answer
  • South Beach Insurance is about to begin using a program that will change the way its adjusters settle insurance claims. Adjuster
    10·1 answer
  • On January 1, 2021, the Shagri Company began construction on a new manufacturing facility for its own use. The building was comp
    12·1 answer
  • Boulderado has come up with a new composite snowboard. Development will take Boulderado four years and cost $250,000 per year, w
    11·1 answer
  • Ms. Fresh bought 1,000 shares of Ibis Corporation stock for $5,100 on January 15, 2018. On December 31, 2020, she sold all 1,000
    9·1 answer
  • Bailey Furniture Company has prepared the following flexible budget for April and is in the process of interpreting the variance
    7·1 answer
  • What are three strategies that you can use to make better financial decisions?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!