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3 years ago

True or False: Credit card pull money directly from your checking account

Business

1 answer:

timofeeve [1]3 years ago

8 0

Answer:

FALSE

Explanation:

Credit card borrows money from your credit card company. But you have to pay back the money in some interest. Basically, "buy now, pay later". Debit card pulls money from your checking account.

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If an economy consumes 68 percent of any increase in disposable income, then an increase in autonomous investment of $1 billion

madreJ [45]

Answer: The answer is $3,125,000,000

Explanation:

Since autonomous investment is government investment in the economy

68% of the increase in disposable income was consumed

Using the equation

Since Y = yd , spending in the economy is represented by

Equation C = 0.68yd, investment = $1,000,000,000

Y = C + I

Y = 0.68Y + 1,000,000,000

Y - 0.68 = 1,000,000,000

Factor out the variable Y

Y ( 1 - 0.68) = 1,000,000,000

0.32Y = 1,000,000,000

Divide both sides by 0.32

0.32Y/ 0.32 = 1,000,000,000 / 0.32

Y = 3,125,000,000

Therefore the increase in total spending will be $3,125,000,000

4 0

4 years ago

Which of the following relies the most on the health of the economy?

guajiro [1.7K]

Answer: Trade Industries

Explanation:

Trade industries survive as long as people and businesses can afford to trade goods and services. If entities are unable to afford consumption for a reason such as a decline in income, the trade industries will suffer.

When the economy is not healthy, income levels of people will reduce and so trade industries will suffer as opposed to a healthy economy where entities can afford goods and services which will ensure the survival of trade industries.

8 0

3 years ago

There are 4 households in a locality. The annual income of the first household is $20,000, the annual income of the second house

11Alexandr11 [23.1K]

Answer:

regressive

Explanation:

A regressive tax is basically a tax whose rate increases as your income decreases. Generally you do not need to increase the marginal tax rate of lower income levels, all you need to do is have a flat tax that taxes everyone with the same amount. E.g. everyone pays $2,000 as income taxes. $2,000 per person represents 10% of the first household's income, but it only represents 2.7% of the fourth household's income.

On the other hand, progressive taxes increase as the income level of the taxpayers increases.

8 0

3 years ago

A functional organization is an organization structure in which staff is grouped by areas of specialization, and the project man

Sunny_sXe [5.5K]

Answer:

True.

Explanation:

A functional organisation focuses on grouping staff according to their areas of specialisation, and the project manager is an expert in that field. This is to ensure the project manager can effectively supervise the staff to deliver quality work.

There is less emphasis on the manager's powers of resource control.

However in projectized organisation the project manager has a lot of authority for budgeting, personnel, and decision-making.

4 0

4 years ago

Other things equal, which of the following would increase labor productivity the most? The increase in the stock of real capital

Sergio [31]

Answer:

The increase in the stock of real capital exceeds the increase in inputs of labor.

Explanation:

The labor productivity refers to the amount of labor per unit of output. labor productivity increases when with the same amount of labor the output increase or the increasein labor generate an increase in output higher than proportional.

<u>From the given options:</u>

An increase in stock of real capital exceeding the increase in input of labor will translate into a higher productivity as each unit of labor has more capital to work with

4 0

4 years ago