Answer:
d. The cost of the parking permit is part of the opportunity cost of attending college if you would not have to pay for parking otherwise.
Explanation:
Opportunity cost is a microeconomic concept used to describe how much an economic agent fails to earn in one economic activity by employing money in another economic activity. Thus, all expenses that a student performs to study at the university, including tuition, gasoline, parking, material, and time spent on the activity, is considered an opportunity cost, since all of this could be spent on another activity.
Answer:
A government deficit budget will increase
Explanation:
This is because the expenditure will be more for the income the government is earning to bear, also there will be a fall in tax revenue..
Answer:
No.
Explanation:
Defamation is not a crime by its definition, but rather a tort or a civil wrong. Written defamation is called a label and is referred to a statement that can hurt someone's reputation. In order to prove the existence of defamation, several things need to be verified:
- statement is published
- statement is false
- statement is injurious
- statement must be unprivileged
The last one of these assumes that under some circumstances, victim cannot submit an appeal, even if it is possible to prove that the statement is false. This is the case with for instance witnesses in court, who cannot be sued for false testimony, due to freedom of speech, but can be prosecuted for perjury. In our case, three of four conditions necessary for sue to be made are fulfilled. The second one is not, therefore Tom cannot sue Jean for defamation.
Answer:
No, it can't be cosidered as a recession.
Explanation:
To be considereded a recession there must be two consecutive quarters with a fall in the GDP. In this case there are two quarters with fall but they are not consecutive. (second and fourth quarter)
Answer:
supply-side economist
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
Supply-side economist can be defined as economists who believes that the ability and willingness of the producers of goods and services to manufacture or produce sets the pace for the economic growth of a country.
This ultimately implies that, increasing the supply of goods and services would cause an economic growth for a country.
Generally, supply-side economist are of the opinion that one of the best way to grow a country's economy is by introducing tax cuts so as to increase the incentive for households to work and invest.
However, these tax cuts might initially cause the budget deficit to rise, supply-side economist are convinced that the consequent economic growth will give rise to an increase in government tax revenue.
Hence, Nancy is best described as a supply-side economist in this scenario.