Answer:
d. Matt's statement is positive while Jean's statement is normative
Explanation:
A positive statement can be defined as any statement that is typically based on empirical evidence and as such can be tested, proven and verified. Also, a positive statement can be amended or rejected based on evidences that are available.
On the other hand, a normative statement can be defined as any statement that can't be tested, proven or verified because it is judgmental and based on opinions.
In this scenario, Matt observes that "there is a high correlation between educational attainment and the level of income." Jean concurs and adds that "high school graduates should all proceed to college"
Hence, Matt's statement is positive because it is an observation based on empirical evidence while Jean's statement is normative because it's simply his opinion or a value judgment.
The Federal Reserve does not pay interest on reserves held on deposit. The European System of Central Banks does pay interest on reserves held on deposit.
<h3>Federal Reserve Board</h3>
- In the past, reserve banks were unable to offer interest on deposits. The Emergency Economic Stabilization Act of 2008 brought about a shift in that.
- The Federal Reserve Board had to increase the size of its balance sheet by purchasing Treasuries and mortgage-backed securities in order to increase the amount of liquidity available to the banking sector.
<h3> European System of Central Banks</h3>
- The major objective is to preserve price stability or the euro's worth. Price stability is the most significant contribution monetary policy can make in this area because it is crucial for economic growth and job creation, two goals of the European Union.
- The ECB has four decision-making bodies with the authority to carry out the institution's goals.
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Answer:
Option (B) is correct.
Explanation:
Given that smartphones are a normal good and income of the individuals increases because of economic boom. We know that there is a direct relationship between the income of an individual and demand for normal goods.
Increase in the income level of the individuals will result in higher demand for smartphones. This will shift the demand curve of smartphones rightwards.
Simultaneously, the wages of sales representatives who work for cell phone companies also increases. This will increase the cost of production for the firms and shifts the supply curve of smartphones leftwards.
Hence, the equilibrium price of smartphones increases but the effect on equilibrium quantity is indeterminate because its effect will be depend upon the magnitude of the shift of supply and demand curve.
If the sub division is located in Florida, they would most likely to hire hispanic immigrants.
Compnanies in united states view these immigrants as workers who could be hired for less money compared to local eemployees.
Due to the amount of hispanic immigrants, spanish language may be quite often in people's day to day life
Answer: Marathon should repair the units since an income of $12000 will be gotten.
Explanation:
Based on the information given, the following can be deduced:
Revenue when repaired = 10000 × $5 = $50000
Revenue if sold without repair = 10000 × $2 = $20000
Incremental revenue = $50000 - $20000 = $30000
Cost to repair = $18000
Incremental be Income = $30000 - $18000 = $12000
Therefore, Marathon should repair the units since an income of $12000 will be gotten.
