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dsp73
3 years ago
13

Which of the following is an example of a positive, as opposed to normative, statement?  A. Inflation is more harmful to the ec

onomy than unemployment is.  B. If welfare payments increase, the world will be a better place.  C. Prices rise when the government prints too much money.  D. When public policies are evaluated, the benefits to the economy of improved equality should be considered more important than the costs of reduced efficiency.
Business
1 answer:
dlinn [17]3 years ago
3 0

Answer: Option (C) is correct.

Explanation:

Positive view of the economy theory is largely based on the facts and incentives and it is engaged with most of the assumptions and check these assumptions reality to prove the facts.

On the other hand, normative view of economic theory is largely based on the statements, it is subjective and engaged with the value of the incentive or fact.

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Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of
Gnoma [55]

Answer:

Estimated manufacturing overhead rate= $30.5 per direct labor hour

Explanation:

Giving the following information:

Direct labor-hours= 79,000 labor-hours.

The estimated variable manufacturing overhead was $11.90 per labor-hour and the estimated total fixed manufacturing overhead was $1,469,400.

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= (1,469,400/79,000) + 11.9= $30.5 per direct labor hour

3 0
3 years ago
Inventory depletion is a warning sign of: Impending inflation. A recessionary gap. Cyclical unemployment. Both a recessionary ga
vovangra [49]

Answer:

Both a recessionary gap and cyclical unemployment.

7 0
3 years ago
The most likely cause of a shift of a production possibilities frontier of an economy ab to cd is:_________
MaRussiya [10]

The cause of a shift of a production possibilities frontier of an economy ab to cd is unemployment.

If an economy keeps growing its capital stock/range of employees/generation/herbal resources, then over the years its manufacturing possibilities curve will: shift to the proper .e shift of the frontier from A to B was maximum in all likelihood due to unemployment

. The curve bows outwards due to the law of increasing opportunity fee, which states that the quantity of an amazing which must be sacrificed for every additional unit of any other suitable is extra than become sacrificed for the preceding unit.

production possibilities curve. a graph or financial model that shows the most combinations of products and offerings, any two categories of goods, that can be produced from a set quantity of assets.

Learn more about the economy  here:brainly.com/question/1106682

#SPJ1

3 0
1 year ago
12.The competitive strategy of a firm pursuing a "think global, act local" approach to strategy-making A. entails little or no s
Vladimir [108]

Answer:

D. is essentially the same in all country markets where it competes but it may nonetheless give local managers room to make minor variations where necessary to better satisfy local buyers and to better match local market conditions.

Explanation:

A think global act local is a strategic business approach or concept which is aimed at achieving a low cost, effective cost, efficiency and focused strategy theme in all the locations where the firm has its operations but nonetheless avails local managers the opportunity and ability to adjust product

specifications, distribution and marketing channels to better satisfy local consumers, as well as effectively and efficiently match local market conditions.

Hence, the competitive strategy of a firm pursuing a "think global, act local" approach to strategy-making is essentially the same in all country markets where it competes but it may nonetheless give local managers room to make minor variations where necessary to better satisfy local buyers and to better match local market conditions.

8 0
3 years ago
Suppose that two Japanese companies, Hitachi and Toshiba, are the sole producers (i.e., duopolists) of a microprocessor chip use
Dima020 [189]

Answer: Please refer to Explanation

Explanation:

a) When both Hitachi and Toshiba engage in a limited campaign, they both earn $11 million.

If both engage in an extensive campaign they both earn $8 million.

However, if one firm engages in an extensive campaign and the other firm engages in a limited one, the firm engaging in a limited campaign earns $4 million while the one engaging in an extensive campaign earns $16 million.

I have attached a photo to show the payoff matrix as a table.

b) In the absence of a binding and enforceable agreement, that is to say that if both firms are not colluding, Hitachi's dominant strategy would be to engage in an EXTENSIVE PROMOTIONAL CAMPAIGN.

A Firm's dominant strategy in absence of an agreement is that strategy that a firm can go on and make a maximum amount of profit regardless of what the other firm does.

Should Hitachi engage in an Extensive Campaign, they will make $16 million in quarterly profit if Toshiba engages in a Limited Campaign. Should Toshiba also decide to engage in an Extensive Campaign, then Hitachi makes a profit of $8 million. This is therefore their best alternative as opposed to embarking on a limited Campaign where there is a chance that they will make $4 million.

With the Extensive Campaign, Hitachi's Minimum Payoff is $8 million.

c) The game is the same for both players so the best option for Hitachi, is the best option for Toshiba as well. This means that Toshiba's dominant Strategy is an EXTENSIVE PROMOTIONAL CAMPAIGN and their minimum payoff is $8 million as well.

3 0
3 years ago
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