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DerKrebs [107]
4 years ago
5

The permanent income hypothesis suggests that consumer:

Business
1 answer:
zimovet [89]4 years ago
5 0

Answer: d. spending depends on income people expect over the long term, rather than on current income.

Explanation:

The permanent income hypothesis states that people will spend money at a level equal to their permanent income which is their expected long-term average income.

The consumption function states that consumption is equal to autonomous consumption and consumption is dependent on disposable income.

The savings function shows the relationship between savings and income.

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Suppose the government wants to reduce the total pollution emitted by three local firms. Currently, each firm is creating 4 unit
HACTEHA [7]

Answer:

The government sets pollution standards using regulations

Explanation:

For the government of a country to effectively reduce pollution by industries present in it's nation, pollution standards needs to be put in place with the use of laws/regulations backing them.

For example in the question, the government can make set a pollution standard that the industry must not go beyond 6 units of pollution otherwise a fine would be charged for defaulting. This would persuade the industry to reduce their pollution rate.

3 0
3 years ago
An airplane has 175 seats. Because some ticketed passengers do not show up, the airline sells 180 seats. The probability that a
Tanya [424]

Answer:

The probability that exactly 178 passengers will show up and causing a shortage of three seats is 0.004364

Explanation:

X = number of passengers show up

X follow binomial distribution with n = 180 ,

p = 1 - 0.05

  = 0.95

P(X = 178) = binom.dist(178,180,0.95,0)

                = 0.004364

Therefore, The probability that exactly 178 passengers will show up and causing a shortage of three seats is 0.004364

5 0
4 years ago
Bayside Technical Services signed a contract on a sixminusmonth job for a​ client, starting on March 1. Bayside will collect $ 2
Svetradugi [14.3K]

Answer:

The answer is: B) Debit balance of $10,000

Explanation:

Accounts Receivable account is an asset, and when assets increase, they have to be debited.

Before any adjustment was made, Accounts Receivable had a $6,000 balance. The new contract is worth $24,000 hat shall be divided into 6 months, which means $4,000 per month.

So at the end of the month the $4,000 form the new contract must be added to Accounts Receivable. This has to be done be a debit record of 6,000, so the adjusted balance of the account is 10,000.

5 0
3 years ago
When a monopolist increases the amount of output that it produces and sells, the price of its output?
DedPeter [7]
The price output will go up
3 0
4 years ago
A Japanese insurance company purchases U.S. government securities. From the perspective of the United States, the balance of tra
Helga [31]

Answer:

a. not change; improve

Explanation:

Balance of trade is the difference in value over a period of time between a country’s imports and exports of goods and services,  usually expressed in the unit of currency of a particular country (e.g., dollars for the United States, yen for the Japan).

Balance of payments record the receipts and payments of the residents of the country in their transactions with residents of other countries.

A Japanese insurance company purchases U.S. government securities. From the perspective of the United States, the balance of trade with Japan will not change and the balance of payments with Japan will improve.

7 0
3 years ago
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