An economic system is a means by which societies or governments organize and distribute available resources, services, and goods across a geographic region or country.
Answer:
How much net income (or net loss) did Sommer experience for the year?
$11000
Explanation:
earning 280000
Expenses salaries 159000
Expenses rent 85000
Expenses Utilities 25000
Net Income 11000
Answer:
Marginal utility of the additional units will turn negative
Explanation:
As total utility has reached a maximum level, adding additional units of the same product will generate the total utility to decrease thus, the marginal utility of this additional products is negative as they made the utility of the consumer to decrease.
The diminish return theory state that:
The units increase utility at a decreasing rate and then, they reach a maximum of utility afterwhihc, additional units do not generate utility, they decrease it
Answer: I found the complete statement on google:
Jana is an action researcher who wants to better understand what predicts student success on the statewide standardized biology competency test. As her data sources, she administers the Biology Interest Survey (BIS) to all of her students, she categorizes students into two groups: those who have taken biology before and those who have not, and she also administers an in-class exam. The scores from the in-class exam are then 'curved'. She uses these data sources as a means to predict student performance on the statewide biology competency exam.
In Jana's study, the in-class biology exam is best described as:
a. an attitudinal measure.
b. a projective assessment.
c. an achievement test.
d. an aptitude test.
The correct answer is "c. an achievement test.".
This is because an achievement test allows us to know about who took biology before and who didn't, and their qualifications.
Decreasing taxes can stimulate the economy by putting more money in the circulation or by boosting the spending .The tax cuts stimulate the economic growth only in the short-term.
Explanation:
Due to an decrease in tax the after tax income of an individual increases which is used by individuals to buy more product and services.Thus reduced tax rates leads to an increase in saving and investment, which leads to an increase in the productive capacity of the economy as a whole
