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arsen [322]
3 years ago
14

John​ Smith, a factory worker at an automobile plant in the city​ Detrigan, makes​ $25 per hour. His​ dad, Larry Smith who retir

ed from a plant in the same city ten years​ back, was earning an average of​ $10 per hour at the time of retirement. Looking at the​ CPI, John concludes that a factory​ worker's purchasing power is lower now compared to ten years ago.​ Larry, however, does not agree that purchasing power has fallen. According to​ him, this conclusion cannot be drawn from such limited data. Which of the​ following, if​ true, would weaken​ Larry's claim that the purchasing power of an average factory worker has not​ fallen? A. The labor market in Detrigan has become more competitive over the last ten years. B. The level of unemployment in Detrigan is currently low compared to historical averages. C. Price levels have been increasing mainly due to the increase in the average disposable income in Detrigan. D. The total number of hours worked by an average factory worker has fallen over the years. E. A study shows that the average worker can buy a car with 45 weeks of his pay compared to 50​ weeks' pay ten years back.
Business
1 answer:
drek231 [11]3 years ago
5 0

Answer:

The total number of hours worked by an average factory worker has fallen over the years

Explanation:

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If the Ricardian equivalence theorem LOADING... is not​ relevant, then an​ income-tax-rate cut A. will result in a multiple time
LenKa [72]

Answer:

The correct answer is D. will result in a multiple times higher decrease in equilibrium real GDP in the short​ run; however, a​ tax-rate reduction will increase the​ automatic-stabilizer properties of the tax​ system, so equilibrium real GDP would be less stable.

Explanation:

Ricardian Equivalence is an economic theory that suggests that when a government increases expenses financed with debt to try to stimulate demand, demand does not really undergo any change.

This is because increases in the public deficit will lead to higher taxes in the future. To keep their consumption pattern stable, taxpayers will reduce consumption and increase their savings in order to offset the cost of this future tax increase.

If taxpayers reduce their consumption and increase their savings by the same amount as the debt to be returned by the government, there is no effect on aggregate demand.

The fundamental concept of Ricardian equivalence is that it does not matter which method the government chooses to increase spending, whether by issuing public debt or through taxes (applying an expansive fiscal policy), the result will be the same and demand will remain unchanged.

6 0
3 years ago
Maurice and Stanley's train store has grown to the point that they need more capital to expand the current location and to open
harina [27]

Answer:

b. sole proprietorship.

Explanation:

  • A sole proprietorship is a single business entity that is responsible for all profits and losses and may use a sole name or a business name as a private company is known for its flexibility and thus does not need to take large loans from the government.
  • Have an advantage of less administrative paperwork and record-keeping than a corporation, have less risk of being stolen by investors.
6 0
3 years ago
Chuck is concerned with what he considers to be an unfair situation at work. Although he put in 10 hours of overtime last week,
Levart [38]

Answer:

b. Decrease his inputs

Explanation:

The Equity Theory explains the influence that the perception of fair treatment has on the motivation of individuals. Or, from another point of view, in its demotivation.

People tend to compare ourselves to others. With other people's situations, inside and outside work. Thus, we form a perception about what is fair or unfair.

If the result of the comparison is understood as fair, people are more likely to feel motivated. On the contrary, when they perceive that they are treated unfairly, tension and demotivation appear.

In short, when compared to others, people want to be treated fairly for their contributions to the organization. And beliefs regarding what is fair and unfair can affect their motivation, attitudes and, therefore, their behaviors at work.

6 0
2 years ago
On February 1, 2021, Arrow Construction Company entered into a three-year construction contract to build a bridge for a price of
faltersainse [42]

Answer:

2021

revenue                 2,666,667

we have cost for <u>  2,000,000  </u>

income for                666,667

2022

revenue                     3.278.400‬

cost                       <u>     2,500,000    </u>

income                          778.400‬

2023

revenue          2,054,933‬

cost             <u>    3,800,000   </u>

loss                   1,745,067‬

Explanation:

2,000,000/ (2,000,000 + 4,000,000) = 1/3

in 2021 a third of the contract was complete therefore we recognize a third of revenue:

8,000,000 x 1/3 = 2,666,667

we have cost for   2,000,000

income for                666,667

2,500,000 / (2,500,000 + 3,600,000) = 0,4098

we recognize revenues for 40.98 of the total contract value.

8,000,000 x 40.98 = 3.278.400‬

cost                       <u>     2,500,000    </u>

income                          778.400‬

2023

we recognize the remaining revenue.

8,000,000 - 2,666,667 - 3,278,400 = 2.054.933‬ revenue

cost 3,800,000

loss   1,745,067‬

7 0
2 years ago
Page 529 16.3. what is supply-side fiscal policy? identify each policy action as being focused on the demand side, the supply si
boyakko [2]

Answer:

<em>From the example given,the 4 answer s to the question consist of both the demand and supply side, demand side, supply side.</em>

<em>It is explained better in the explanation box below.</em>

Explanation:

<em>Solution to the question</em>

<em> </em><em>Categories</em><em>          </em><em>Demand side</em><em>      </em><em> Supply side </em><em>            </em><em>Both</em>

<em>(1)Increasing spending on ‘Shovel ready”’ projects is on </em><em>Demand Side</em>

(2)Lowering income tax rates at all income level is Both

<em>(3)Research grant for a corporation developing new technologies is on </em><em>Supply side</em>

(4)Stimulus packages for firms that are too big to fail is on Demand Side

(5) Government funded scholarship for college students: is on Supply Side

6 0
3 years ago
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