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mario62 [17]
3 years ago
9

Last​ year, the price of steak was ​$4 per pound and the price of salmon was ​$5 per pound.       This​ year, the price of steak

is ​$6 per pound and the price of salmon is ​$7 per pound.   All other things​ equal, and assuming that David purchased both items​ before, what would you expect to happen to his purchases of steak ​(relative to salmon​) this​ year?
Business
1 answer:
attashe74 [19]3 years ago
6 0

Answer:

The relative price of steak has increased, so David would be expected to purchase less.4/5 = 0.86/7 = 0.860.86 > 0.8D.

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When the government implements programs such as progressive income tax rates, which of the following is likely to occur? a. equa
kozerog [31]

Answer:

The correct answer is b. equality is increased and efficiency is decreased.

Explanation:

Progressive taxes are considered those in which the economic capacity of the person or the company is taken into account, that is: the higher the economic capacity the value to be paid for the tax increases. The objective of this type of taxes is that the payments made by people or companies are made proportionally to their income. Direct taxes are usually progressive.

An example of a progressive tax is the income tax, in the case of natural persons the value to be paid for this concept depends on the taxable liquid income.

8 0
3 years ago
According to world-systems theory, the global economic system must be approached as a single ________ unit, not as a collection
n200080 [17]

Answer: (A) Capitalist

Explanation:

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Therefore, Option (A) is correct.  

3 0
3 years ago
All of the following phrases describe a partnership except
tamaranim1 [39]
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3 0
2 years ago
Indicate whether each scenario will affect the GDP deflator or the CPI for the United States. Check all that apply. Scenario Sho
Softa [21]

Answer:

(A) it will affect the GDP Deflator.

(B) it will affect both the GDP deflator and the CPI

Explanation:

(A) The increase in prices of imports increase real GDP and also the GDP deflator as now the US will purchase less of these cars from china and therefore there will be less imports of this car from china, people will prefer buying local inexpensive cars which will in turn increase the GDP even more than before so therefore this scenario only affects the GDP deflator only as the formula for real GDP is the sum of consumption spending, government spending,government saving( investment) and (exports minus imports) so the less imports we get the more real GDP we get in the US economy.

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5 0
3 years ago
After a financial crisis hits the country of Barbaria, 8 million people become unemployed. If 35 million individuals are lucky e
madam [21]

Answer:

18.60%

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5 0
3 years ago
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