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umka21 [38]
4 years ago
14

Over the past decade consumer incomes have risen by 20 %. During that : transport has decreased by 10 %. Which of the following

must be true? same time consumption of public The demand curve for public transport is upwards sloping. O The price of public transport must have increased by more than 20 %. O Public transport is an inferior good.
Business
2 answers:
MA_775_DIABLO [31]4 years ago
6 0

Answer:

Public transport is an inferior good.

Explanation:

An inferior good is one whose demand drops when there is an increase in income. Consumers purchase the product because they do not have enough money to get what they will prefer. When they get enough income they will switch to their preferred product.

An increase in income by 20% resulted in a decrease in transportation by 10%. This shows that transportation is an inferior product and people for example preferred to buy cars. So now that they have money they will buy cars and stop using transportation.

umka21 [38]4 years ago
4 0

Answer:

The Correct answer is "Public transport is an inferior good".

However, it is identified that the Public transport is an inferior good it highlighted the facts that if there should arise an occurrence of substandard great, As, the increment in income of an individual prompts to decline in  the amount of demand and vice versa.

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Even though the nation faces political instability, the island of Pantay with its wide, expansive beaches is a destination hub f
galina1969 [7]

Answer: Foreign Direct Investment

Explanation:

Foreign Direct Investment is a type of investment into a country where the foreign investor establishes a presence by actually running and operating a company in the domestic country.

This is what the large theme park wants to do in Pantay. By making a commitment and hiring hundreds of locals, the company is intent on running a company on the island so this is Foreign Direct Investment.

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3 years ago
Consider a mutual fund with $219 million in assets at the start of the year and with 12 million shares outstanding. The fund inv
Ghella [55]

Answer:

Missing word <em>"What is the Rate of return"</em>

a. Asset at the end of the year = (Asset at the start of the year + Increase in value) * 12b-1 charges

Asset at the end of the year = ($219 million+ ($219 million * 7%)) * (1-0.50%)

Asset at the end of the year = ($219 million + $15.33 million) * 0.9950

Asset at the end of the year = $234.33 million * 0.9950

Asset at the end of the year = $233.16 million

Net asset value at the end of the year = Asset at the end of the year / Number of shares

Net asset value at the end of the year = $233.15835 million / 12 million

Net asset value at the end of the year = $19.430

b. Rate of return = (Net asset value at the end of the year + dividend per share - Net asset value at the start of the year) / Net asset value at the start of the year

Rate of return = ($19.430 + ($6 / 12) - $18.250) / $18.250

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5 0
3 years ago
Discuss the intellectual debates by contemporary scholars surrounding issues of development​
r-ruslan [8.4K]

Answer:

Intellectual scholar discuss the issues of development​ as something arising out of differences between the nature and nurturing given to an individual. They also talk about relative importance of early experiences versus experiences occurring at a  later stage  in life.

They also talk about sequential development stages with age that cause emergence of certain skills in all individuals. They also talk about various theories such as cognitive theory, developmental theory, Psychoanalytic Theories, Abnormal Behavior vs. Differences etc.

Explanation:

Intellectual scholar discuss the issues of development​ as something arising out of differences between the nature and nurturing given to an individual. They also talk about relative importance of early experiences versus experiences occurring at a  later stage  in life.

They also talk about sequential development stages with age that cause emergence of certain skills in all individuals. They also talk about various theories such as cognitive theory, developmental theory, Psychoanalytic Theories, Abnormal Behavior vs. Differences etc.

4 0
2 years ago
Which of the following statements is NOT true concerning the Other Dependent Credit
omeli [17]

Answer:

The incorrect statement is letter "B": Residents of Canada meet the definition as a qualifying person.

Explanation:

Credit for Other Dependent is a tax credit taxpayers can claim for every qualifying dependent that is not considered as a Child Tax Credit (17 years or older and elderly parents). The taxpayer can get up to $500 nonrefundable credit for each of those qualifying dependents. Residents of Canada and Mexico do not meet the definition of qualifying dependent.

8 0
3 years ago
Read 2 more answers
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