Answer:
The answer is: True
Explanation:
An incentive is a punishment or a reward that induces someone (or the general public) to act a certain way. Many times incentives work because people compare costs and benefits. For example, in Europe gas prices are extremely high due basically to high taxes on gas. That is why most cars sold in Europe are much smaller and fuel efficient than those sold in the US were taxes on gas are usually much lower so the gas price is also much lower. The incentive is saving money even though most European cars aren´t as comfortable as those sold in the US.
In this specific question, those who wanted to drink beer will probably calculate how many beers they need to buy or drink to offset the expenses of going to the next county to buy beer. Probably no one will travel several miles just to buy 1 beer, but at some amount of beer the math will make you drive. Besides losing business in your own county, another collateral damage is the rise in drunk driving.
Answer:
d. reduction in the volume of sales if the price is forced down and an increase in the volume of sales if the price is forced up.
Explanation:
When government implements price controls it can either be a price ceiling ( reduced price) or a price floor (increased price).
A price ceiling gives a maximum price level above which sellers cannot sell their product. This will cause a reduction in amount supplied because the sale of products at lower price will not be attractive. Demand will be in excess for the scarce products.
If a price floor is imposed there is a minimum price that sellers are not allowed to sell below. Sellers are free to sell above this price, supply will increase but there will be less demand for the product at higher price. This causes excess of supply.
Answer:
National income
Explanation:
Income method of gross domestic product (GDP) measurement is focused onto the accounting fact that almost all economic spending should be equivalent to the amount of revenue earned by the output of all consumer products and services.
This method also supposes that an economy has 4 major production determinants and all earnings must go to any of these 4 sources. Thus a simple calculation of the gross tangible value of commerce over a span could be made by combining all revenue sources.
Thus, from the above we can conclude that the correct option is C.
Answer:
A) The extra $100 million spent on health care will not provide as much benefit as the previous $100 million due to diminishing marginal benefit.
Explanation:
The understanding of this question is based on the explanation of Diminishing Marginal Benefit
Diminishing Marginal Benefit is a law that states the an increase in the consumption of a thing while all other factor remain constant will reduce the marginal benefit or utility derived from the increased or additional unit.
Utility represents the benefit or satisfaction derived from consumption.
Based on this law, since $800 million has been spent on healthcare, every additional amount spent will bring in some benefit but will be at a diminishing rate. This means it will not provide as much benefit as the previous $100 million.
Complete Question:
Developing the ability to solve problems can help you.
The first step you should take is to
________ the problem and then solve it.
Group of answer choices
a. advance in your career.
b. create.
c. become more ethics.
d. identify.
e. change your values.
f. ignore
Answer:
d. identify
Explanation:
The problem-solving process can be defined as the systematic approach used to identify and determine the solution to a particular problem.
The steps involved in the problem-solving process are;
1. Identify and define the problem: this is the first step to be taken in solving a problem. This is to ensure that, the focus is on the main issue or situation and all efforts is channeled in the right direction rather than the symptoms.
2. Gathering of information: this helps to consider the options available in solving a problem effectively.
3. Consider your options: this helps to compare the available and viable solutions to the problem.
4. Weigh disadvantages and evaluate a solution: you weigh the disadvantages of each solution, before choosing the one with the least disadvantages.
<em>Hence, the first step you should take is to identify the problem and then solve it.</em>
