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Nady [450]
3 years ago
15

The term _____________ describes a situation where a ________________ causes a reduction in the buying power of income, even tho

ugh actual income has not changed.
Business
1 answer:
olganol [36]3 years ago
4 0

Answer:

income effect; higher price

Explanation:

Income effect is a change in demand for a good or service as a result of a change in a consumer's purchasing power resulting from a change in income or price.

If price increases, the purchasing power is reduced and as a result of the income effect, the demand for a good falls.

Income effect is one of the factors that explain a downward sloping demand curve. the other effect is the substitution effect

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What was the organization created by the kennedy administration to aid the economic and educational progress of developing count
Vladimir79 [104]

Foreign Assistance Act was the organization created by the Kennedy administration to aid the economic and educational progress of developing countries.

<h3>What was Foreign Assistance Act?</h3>

The Foreign Assistance Act  can be regarded as an act that was structured to offer  foreign assistance programs as well as  distinguishing between military from non-military aid.

The foreign aid or assistance can come inform of any type of assistance that is been voluntarily transferred from one country to another country and this can be in form of a gift as well as grant, or loan.

In some cases foreign aid can be inform of capital, as well as food supplies, and services and it can also be categorized as humanitarian aid and military assistance.

Some of the common foreign aid or assistance are;

  • Multilateral Aid.
  • Military Aid.
  • Project Aid.
  • humanitarian aid
  • Tied Aid.
  • Bilateral aid

Hence, Foreign Assistance Act was the organization created by the Kennedy administration to aid the economic and educational progress of developing countries.

Learn more about Foreign Assistance Act  at:

brainly.com/question/24553900

#SPJ1

7 0
2 years ago
You are calculating the volume quantity needed for material that will compact to 95% of its original undisturbed volume. You kno
mafiozo [28]

Answer:

Volume = 1565.56 cubic yards

Explanation:

The computation of the volume of material required is shown below:

95% × volume = 1,487 cubic yards

Volume = 1565.56 cubic yards

Basically 95% of volume is equivalent to the 1487 cubic yards

So according to this we determined the volume

Hence, the same should be considered

3 0
3 years ago
What do you think are the most important components of budgeting? Why?
Murljashka [212]

Answer:

I would have to say figuring out ur cash flow where its going after u earn it and making sure u keep track of ur savings

Explanation:

5 0
3 years ago
Jacques lives in Miami and runs a business that sells boats. In an average year, he receives $793,000 from selling boats. Of thi
KatRina [158]

<u>Explanation</u>:

Remember, Implicit cost refers to cost that do not involve monetary transactions by Jacques, while his Explicit cost includes all forms of direct payments made by Jacques to others while selling his boat.

<u>Therefore, the cost are assigned below:</u>

  1. The $50,000 salary Jacques could earn if he worked as a financial advisor= Implicit Cost
  2. The $15,000 rental income per year Jacques would receive if he chose to rent out his showroom= Implicit
  3. The wholesale cost of $430,000 and utility bills totaling $301,000 cost for the boats that Jacques pays the manufacturer= Explicit Cost

4 0
4 years ago
Your client's campaign is consistently meeting its average daily budget. what should you do to maximize your client's budget thr
kirill [66]
<span>Change the ad delivery method from “Accelerated” to “Standard”
</span>
Explanation and more answers: http://www.certificationanswers.com/en/your-clients-campaign-is-consistently-meeting-its-average-dai....
3 0
3 years ago
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