Answer:
None of the choices describe offshore outsourcing.
Explanation:
Offshore outsourcing is when a company hires a third party in another country to do some tasks for the company.
Answer:
by improving quality of its products or services are as follows: ... So this budget can be reduced due to improving quality of goods.
Explanation:
Production involves all activities that consist of the output of goods and services demanded by people for which they pay the cost.
A company can achieve lower production costs and increase productivity by improving quality of its products or services so that budget can be reduced by correcting any quality issue in the product or service which can be expensive, but less than external failures
Also, production equipment efficiency can be increased if preventive maintenance can be followed as it helps to reduce operating costs per unit.
Answer:
Increase by 5%.
Explanation:
Given that,
cross-price elasticity of demand between goods X and Y = 4
Percentage increase in consumption of good X = 20 %
cross-price elasticity of demand = Percentage change in quantity demanded for good X ÷ Percentage change in price of good Y
4 = 20 ÷ Percentage change in price of good Y
Percentage change in price of good Y = 20 ÷ 4
= 5%
Therefore, the price of good Y must be increase by 5% in order to increase the consumption of good X by 20 percent.
The answer is opposite direction as <span>goods and services.
In the circular flow model, the expenditures on goods and services will be paid by the households to the producers/
The direction of goods and services (products) on the other hand, will be given by the producers to the households.
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Answer:
The correct answer is: Equal to the taxes paid divided by taxable income.
Explanation:
The effective tax rate is the ratio of the total tax burden of an individual and their taxable income. It is considered as a better representative of the tax burden of an individual than the marginal tax rate.
It shows the average rate at which an individual's income and assets are taxed. The effective tax rate of an individual is lower than the marginal tax rate.
To calculate the effective tax rate, the individuals can add their total tax burden and divide the sum by their taxable income. It represents the percentage of taxable income that an individual has to pay as taxes.
