<span>The correct option is A. Down payment is defined as the initial payment that is usually made to the seller when goods are bought on credit. Down payment is an indication that the buyer meant to buy the goods and that he will complete the payment later. Down payment are usually a certain percentage of the worth of the goods that are to be bought.</span>
<span>A) -$13. The reason being that, opportunity cost is the benefit that a person could have received, but gave up,in order to take another course of action, which in this case is skiing. And since his salary per 1 hour in the winter months is $13, skiing for one hour instead of working during that hour will cost him $13</span>
The available options are:
A) we see countries specializing completely in the production of automobiles.
B) the quality of imported automobiles is less than it could be.
C) different countries may each have a comparative advantage in producing different types of automobiles.
D) consumers of automobiles have difficulty deciding what type of imported automobile to buy.
Answer:
C) different countries may each have a comparative advantage in producing different types of automobiles.
Explanation:
According to the principle of comparative advantage, Automobiles and many other products are differentiated. As a result of "different countries may each have a comparative advantage in producing different types of automobiles."
This is evident in the fact that some countries may have a comparative advantage to produce Trucks than cars, while some may have a comparative advantage in producing caterpillar than Trucks.
This is also similar in a variety of other products. The comparative advantage could be based on raw materials, expertise, climates, etc.
Answer: The answer is consumer price index (CPI)
Explanation:
The consumer price index is the most popularly used price index to measure the level of inflation in the country.it is a measure of welfare which shows the amount of money needed by the people to provide for themselves a good standard of living. The consumer price index is based on the quantity of goods consumers are buying in the market, because it measures the level of changes in the consumer goods in the economy at a given period of time. It is used to measures the level at which family can afford to buy food, clothing, and live a comfortable life in the country. The consumer price index shows the percentage increase or decrease in the prices of consumer goods in the period in which it is measured. It is calculated as
CPI = current year price index / base year price index × 100%
Therefore, to adjust the social security and federal pensions to offset changes in the cost of living the consumer price index is the most appropriate measure of welfare to used. In the sense that the cost of living is the amount of money an average family will need to provide themselves with the basic necessities of life such as food, clothing ,and shelter. The consumer price index is the most appropriate to know the effect of increase or decrease in the prices of these goods on the low income earners in the country such as the people who receives social security benefits and the pensioners in the country. During inflation the purchasing power of the people in these categories is reduced which tend to have an effect on their standard of living.
Answer:
There are many reason behind the failure of an appraisal system:
* Appraisal programs fail when they are not properly structured. It should be well designed because it is not a one-time process, it is required to be repeated with the passage of time more often.
* It fails when employees goals and needs are placed when setting them.
* It fails when there is lack of communication, when manager fails to communicate their expectations to the workers.
* When appraisal programs do not include recognition or rewards then chances are more that it is more likely going to fail.
