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Luda [366]
4 years ago
12

True or False:If the price of a product goes up by 10% and the quantity demanded goes up by 20% the product is an inferior good.

Business
1 answer:
hodyreva [135]4 years ago
5 0
False. 

If the price of a product goes up by 10% and the quantity demanded goes up by 20% the product is a GIFFEN GOOD. 

An inferior good is a good that decreases in demand if income increases. These are the goods that people opt not to buy when their purchasing power increases.
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George is a manager at InnoBLAST Inc., a web-based applications company. In an attempt to promote new ideas, George decides to a
Vinil7 [7]

Answer:

The correct answer is letter "E": preparation and incubation.

Explanation:

English professor Graham Wallas (1858-1932) proposed a model to explain the steps the human brain follows in the creative process. Those steps are <em>preparation, incubation, illumination, </em>and <em>verification</em>. In the preparation stage, individuals define a problem and its dimensions. In the next step, incubation, the problem is analyzed only internally for reflection.

8 0
3 years ago
Here is some price information on Fincorp stock. Suppose first that Fincorp trades in a dealer market. Bid Asked 55.25 55.50 a.
Artemon [7]

Answer:

a. Your trade will be executed at the bid price of 55.25.

b. Your trade will be executed at the ask price of 55.50.

Explanation:

First note that:

The bid price is the highest price a buyer will pay for a security.

The ask price is the lowest price a seller will accept for a security.

Therefore, we have:

a. Suppose you have submitted an order to your broker to buy at market.  At what price will your trade be executed? (Round your answer to 2 decimal places.)

Since you are the buyer, your trade will be executed at the bid price of 55.25. This is because the bid price is the highest price you as a buyer will pay for a security.

b. Suppose you have submitted an order to sell at market. At what price will your trade be executed? (Round your answer to 2 decimal places.)

Since you are the seller, your trade will be executed at the ask price of 55.50. This is beecausee the ask price is the lowest price uou as a seller will accept for a security.

7 0
3 years ago
When the Central government cut taxes and increases spending to stimulate the economy during a period of recession, such actions
Mkey [24]

Answer:

The correct answer to the following question is C) counter cyclical fiscal policy.

Explanation:

Counter cyclical fiscal policy can be defined as a strategy implemented by the government to counter boom or recession in the economy through the fiscal measures. This opposite approach which government uses, like if there is recession in the economy, where demand is low and growth rate is also low, then government here would employ counter cyclical policy where they will reduce taxes and increase the expenditure, which will lead to increase in demand and growth rate, and thus would help in stabilizing economy.

3 0
3 years ago
Johnson, Inc. a builder enters into an agreement to construct a commercial building in a residential area in violation of zoning
lubasha [3.4K]

None of the alternatives are correct.

Explanation:

When a builder enters into an agreement to construct a commercial building in the residential areas that violates the laws , as a result the government stops construction. If such a scenario occurs the workers will not be paid as the construction process has stopped, so no productivity will take place and thus the workers will have to face the scenario.

While signing a contract the contractor must have proper knowledge regarding the property. Otherwise the workers will not be able to earn their daily wage.

7 0
3 years ago
For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income is as foll
ch4aika [34]

Answer:

$5,225

Explanation:

Calculation for What should Tringali report as its deferred income tax liability as of the end of its first year of operations

Using this formula

Deferred income tax liability=Temporary difference-depreciation*Tringali's tax rate

Let plug in the formula

Deferred income tax liability= $20,900 * 25%.

Deferred income tax liability=$5,225

Therefore What Tringali should report as its deferred income tax liability as of the end of its first year of operations is $5,225

3 0
3 years ago
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