Answer:
1.3
Explanation:
Given:
If Good C increases in price by 30% a pound.
This causes the quantity demanded for Good D to increase by 40%.
Question asked:
What is the cross-price elasticity of the two goods ?
Solution:
We can find the cross-price elasticity of the two goods by this formula:
When Good C increases in price by 30% which causes the quantity demanded for Good D to increase by 40%, then the cross-price elasticity of the is Good C and Good D is 1.3.
Answer:
The correct answer is letter "D": interfere with the rationing function of prices.
Explanation:
While talking about price floors and price ceiling, <em>the rationing function of prices</em> refers to the fact that both governmental measures are imposed to protect sellers and buyers from unfair practices driven by supply and demand. Thus, price floors protect producers from prices that could go below their production costs and price ceilings protect buyers from prices that could be set above their income.
The rationing function of prices can be also understood as the measures taken to discourage demand to keep resources to use them over a determined period.
Answer:
Productive Resources Owners : Households
Resources : Land, Labour, Capital, Entrepreneur [paid rent, wages, interest, profit]
Explanation:
Simple (Two Sector) Circular Flow of Income : shows how receipts & payments for factor services, goods & services revolve within two sectors of economy.
Here, the two sectors are :
- Households : Owners of factors of production & consumers of final goods & services
- Firms : Buyers of factors of production & providers (sellers) of final goods & services
Households provide firms with factors of production : Land, Labour, Capital, Entrepreneur. In return, firms pay them with respective factor payments : Rent, Wages, Interest, Profit. They produce final goods & services by utilising the productive factors.
Firms sell these final goods & services to households. In return, households pay them prices for the for their purchased goods & services, through the factor incomes they had earned from firms.
Answer:
D. especially large and sustained government borrowing
Explanation:
When a government spends more than it collects in taxes, it runs a budget deficit. When the government starts borrowing large sums too much, it can substantially facilitate the reduction in the financial capital available to private sector firms, as well as lead to trade uncertainties and even financial crises.
As a result of the <u>"job evaluation" </u>carried out at weston company........................
Job evaluation is the way toward breaking down and surveying different employments methodicallly to find out their relative worth in an association.
Job evaluation is an evaluation of the general worth of different employments based on a steady arrangement of employment and individual elements, for example, capabilities and aptitudes required.
The objective of job evaluation is to figure out which employments ought to get more pay than others. A few techniques, for example, work positioning, work reviewing, and factor correlation are utilized in job evaluation.