Answer:
Five songs
or you might be looking for an answer like this-
1. Factor services, 2 scarce resources, 3. opportunity cost or real cost or true cost
Explanation:
For the first answer
$5
one movie
one movie and five songs
five songs
For the second answer here's an explanation
Circular flow.of income: This is the system of how goods and services flow in for consumption by the households.it also shows the intrrelationship between the households and the business sector of the economy. From the diagram of the circular flow of income, the outer circle presented the flow of real services for productive agents such as land, Labour, capital and enterprise to the business sector.while the flow of goods and services are produced from the inner circle reflect the monetary aspect of what the outer circle produced.
Scarcity : This concept is used to explain how the human wants are unlimited, since human wants are unlimited so the resources to satisfy them are also limited . In order to solve the problem of scarcity, man has to make a choice by ranking his wants in their order of priority this is where we have the scale of preference.
Opportunity cost : This is the cost which described the cost of one product in terms of forgone alternatives. It is the alternative that is forgone in order to satisfy a want. For example a student who need a book that is costing $10, and a cloth that is also costing $10. If the student buys the book instead of the cloth, then the opportunity cost of his choice is the cloth that such student has forgone.
<span>Earned income typically includes salaries and bonuses, wages, commissions and tips. Union strike benefits are also considered earned income, as are long-term disability benefits received prior to minimum retirement age. So yes</span>
Answer:
The tax rate is the same for all income levels.
Explanation:
A proportional tax system is a tax mechanism that applies equal rates to all income brackets. This system does not segregate based on income earned. The proportional tax system is also the flat rate system.
Since the proportional tax system applies the same rate to all taxpayers, it means that the low income, middle, and high-income earners pay tax at the same rate. The proportional tax system contrasts with other methods, such as the progressive tax system that considers income levels.
Answer:
$43,510.2
Explanation:
The problem says that the pension is calculated by multiplying the number of years worked (27) times 1.65% of the average of the three highest years salary. First, we calculate the average of Maureen´s highest salaries:
$97,000+$97,800+$98,198 = $292,998/3 = $97,666
Then we calculate the 1,65% of $97,666:
$97,666*0,0165=$1,611.48
Finally, we multiply this answer by the number of years Maureen worked:
$1,611.48*27= $43,510.203 This is Maureen´s pension
It would be called differentiation :)