Answer:
Option (C) is correct.
Explanation:
Given that,
On November 1, 2018
Kate leased out a building = $4,500 a month
Received 7 months rental income = $31,500
Kate include on her 2018 tax return as a result of this transaction:
= Value of leasing out a building for a month × 2
= $4500 × 2
= $9,000
Therefore, the Kate include on her 2014 tax return as a result of this transaction = $ 9000
ANSWER: The data collected is NOT an appropriate representation that can be used to determine how much you should sell your house.
EXPLANATION: A house is evaluated by the contents which were used to build it. For instance a house built with a bricks can not be of the same value with a wood or block house, even though they have the same pattern.
Because the data does not show the values of the contents of the house, which are: walls, pattern, designs, how many stirs, roof, and interior quality, it cannot be used to determine the price you should sell your house.
Also, looking at the data gotten, you can understand that this houses has been sold according to the contents that made up the building, because some old builder were sold more costlier than some new buildings, and some building with a much bigger square feet were sold in a lower price when compared to some buildings with a smaller square feet
Answer:
The minimum wage creates unemployment among young and unskilled workers.
If the price of a product in a market decreased, other things equal, quantity demanded will increase.
There is a tradeoff between inflation and unemployment in the short run.
If consumer income increases, other things equal, the demand for automobiles will increase
If interest rates increase, investment will decrease.
Explanation:
Positive statement is objective and statements are usually based on facts and economic theory. They can be tested.
It is a known fact that the higher the minimum wage, the lower the demand for labour and the higher the unemployment rate. this is because price varies inversely with demand
a tradeoff between inflation and unemployment in the short run is known as the Phillips curve
Normative statement is based value judgements, opinions and perspectives. For example, the statement - social welfare spending in Sweden occupies too large a portion of the national budget - is based on opinion. To some the expenditure might be even too small. There is no economic theory that can be used to determine if this expenditure is too large or small
Answer:
The total revenue for barley producers will increase because the price effect is greater than the quantity effect.
Correct option is D. increase; price; quantity
Explanation:
Price effect (which is the impact that a change has on prices) in the scenario above is greater than Quantity effect (a reduction in commodities sold after an increase in price).
Since breweries still buy below the percentage of the Price effect, the revenue of barley sellers will continue to increase.
However, the revenue will start to decrease when the quantity effect exceeds the price effect.
The first thing Garrett should do is to "identify issues that need to be addressed."
<u>Explanation:</u>
The selling, distribution and promotion of alcoholic beverages includes consumer protection information, health hazards, and environmental factors. And Garrett would just get that from the appropriate stakeholders such as regulatory bodies. Garrett must therefore first collect information and classify the interested parties.
Garret should also go through all the legal and mandatory channels which are needed to be crossed before entering into such a beer distributorship business program. For an instance like asking license number, GST number, affidavit regarding any future consequence which may result into some loss, etc.
