Answer:
A. 1/3 computers
B. 0.6 computers
Explanation:
A. The opportunity cost incurred by the US to make cars is the number of computers it would have to give up to make a car.
The US can either make 12 cars or 4 computers. For every car made therefore the US forgoes;
= 4/12
= 1/3 computers.
B. The same logic applies to Japan. They can either make 10 cars or 6 computers.
Their opportunity cost for cars is therefore;
= 6/10
= 0.6 computers
Imports of goods and services are items that households, firms, and governments <span>in the United States buy from the rest of the world.
Correct answer: B
Import is part of international trade</span><span>s, which denotes the change in ownership of material resources and services between one economy and another.</span><span>
</span>
As it pertains to the diffusion of innovation, if the Early adopters
<span>group is relatively small, the number of people who ultimately adopt the innovation likely will also be small.
Early adopters refers to a group of people that start to use our product as soon as it available. The more early adopters we have, the easier it is for us to take the market share because of the mouth-to mouth advertising.</span>
4(x + 1)
Hope I helped!
Let me know if you need anything else!
~ Zoe
Answer:
C) Households may save part of the additional income from the tax cut
Explanation:
When we consider the total household income there is always a major part that is spent, this is called propensity to consume. It is defined as the proportion of total income that consumers are willing to spend.
But propensity to consume doesn't include 100% of household income, there also exists the propensity to save. That is the exact opposite, is the proportion of our income that we will save for future use.
Luckily for us all, the propensity to spend is usually much higher than the propensity to save. We have to remember that private consumption represents nearly 70% of the nation's GDP.
What households save goes to investment in GDP. Investment is always needed but it represents future growth of the GDP while consumption represents current growth of the GDP.
