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zloy xaker [14]
3 years ago
6

4. If a good is considered "normal" by economists, an increase in consumers' incomes will result in a decrease in the

Business
1 answer:
tatuchka [14]3 years ago
7 0

Answer:

b. False

Explanation:

A good is said to be 'normal' by economists if an increase in consumers' income bring about increase in demand for the good.

In other words, consumers will buy more of those goods when they have sufficient money due to availability of income.

Example of normal good is when the demand for household appliance like TVs or expensive clothes increases due to increase in income of consumers.

Whereas for an inferior good, demand for such good decreases as consumers' income increases.

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____________ include veterans’ payments, welfare, and social security payments..
zvonat [6]

Answer:

<u><em>Statement of Payments</em></u>

Explanation:

<em><u>Statement of Payments</u></em> include veterans’ payments, welfare, and social security payments..

<u><em>Social Security Benefits </em></u>are payments made to qualified retirees, disabled persons, to their spouses, children and survivors etc.

<u><em>A statement of payments</em></u> is  usually submitted with income tax return to receive the Senior Citizens'€™ Exemption.

7 0
3 years ago
College students often buy cheap pizza because it’s more affordable. Suppose after graduating, college students find high paying
Margarita [4]

Answer:

D) The demand for cheap pizza will decrease because demand for cheap pizza is negative related to income.

As students finds high paying job, they are now able to buy more expensive pizza, which means that a number of customers for cheap pizza will be decreased

5 0
3 years ago
John is responsible for security of his company's new e-commerce server. he wants to ensure that online transactions are secure.
-BARSIC- [3]

John is responsible for security of his company's new e-commerce server. he wants to ensure that online transactions are secure. He should use transport layer security.

    A widely used security technology called Transport Layer Security, or TLS, enables privacy and data security for communications over the Internet. Encrypting communication between web applications and servers, such as when web browsers load a website, is one of the main applications of Transport Layer Security.

  The Transport Layer Security protocol achieves its goals primarily through the use of encryption, authentication, and integrity.

Data transfer is protected from third parties by encryption.

Authentication is the process of confirming the identity of the persons sharing information.

Integrity: demonstrates that the data hasn't been altered or falsified.

To learn more about Transport Layer Security click here:

brainly.com/question/15021716

#SPJ4

5 0
2 years ago
Practice: True or False 1. Investment spending is spending on financial assets like stocks and bonds F 2. Transfer payments are
Colt1911 [192]

Answer:

1. False

2. True

3. False

4. False

5. True

6. True

Explanation:

1. False: Investment spending is spending on financial assets like stocks and bonds.

2. True: Transfer payments are not counted in the calculation of GDP.

3. False: If the nominal GDP increases then the economy is definitely experiencing inflation.

4. False: An economy is not at full employment unless there is no unemployment.

5. True: Countries that have generous unemployment benefits tend to have higher natural rates of unemployment. 6. True: Lumberjacks are structurally unemployment when they are replaced by machines.

8 0
3 years ago
Read 2 more answers
In its annual income statement, Fox Co. reported income before income taxes of $300,000. Fox estimated that, because of permanen
mezya [45]

Answer:

In total 84,000 income tax will be reported.

Explanation:

taxable income 280,000

tax rate: 30%

tax expense: taxable income  x tax rate:

                           280,000       x    30%     =     84,000

The company already expected 50,000 tax income:

income tax expense 50,000 debit

             cash                           50,000 credit

So it will adjust for the difference: 84,000 - 50,000 = 34,000

income tax expense 34,000 debit

            income tax payable      34,000 credit

In total 84,000 income tax will be reported.

5 0
3 years ago
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