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Natali5045456 [20]
3 years ago
5

Macroeconomics Which of the following statements is true? a. A college degree does not influence the earnings of workers. b. The

median pay of economics majors increased more in dollar terms than any other majors in 2015. c. People with 0–5 years of work experience earn more than people with 10–20 years of work experience in all major fields. d. Students majoring in economics earned more than students majoring in engineering in the U.S. in 2015.
Business
1 answer:
oksian1 [2.3K]3 years ago
7 0

Answer: b. The median pay of economics majors increased more in dollar terms than any other majors in 2015.

Explanation:

Several sources have shown that Economics majors had the highest per dollar increase of all majors in 2015.

This has been put down to the need for more economists in the field as the years go by and world economics becomes more uncertain. Another key factor is the level of specialization and expertise required of economists as most entry level economists jobs require a masters at the very least.

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If the U.S. economy is producing at a level that is substantially less than potential GDP and the government's budget deficits a
diamong [38]

Answer:

an inflationary increase in the price level.

Explanation:

Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country.

In order to boost economic growth, a monetary policy is implemented to increase money supply (liquidity). Also, it is used to prevent inflation by reducing money supply.

An inflationary gap, also referred to as an expansionary gap in economics, is typically used for measuring the difference between the gross domestic product (GDP) and the current level of Real Gross Domestic Products that exists when a country's economy is gauged at a full employment rate. Consequently, this situation causes the price of goods and services to go up with a low income level among the people living in the country.

A budget deficit is the amount by which spending exceeds income.

All other factors held constant or all things being equal (ceteris paribus), an increase in government's budget deficit drives the interest rate up.

Generally, when there's a deficit in government budget, they resort to issuing more bonds or borrowing money from creditors. These creditors are likely to be sceptical about the government's ability to repay the debt and as such would increase the interest rate.

Hence, an inflationary increase in the price level of goods and services is not much of a danger if the U.S. economy is producing at a level that is substantially less than potential gross domestic product (GDP) and the aggregate demand is being increased by government's budget deficits.

3 0
2 years ago
Claudia, a senior accountant, likes to work on her own and hence does not come out as a team player. She takes up all the work t
MrMuchimi
Overmanaging is the most evident mistake Claudia made as a senior accountant.
8 0
3 years ago
Distinguish between corporate image and reputation​
My name is Ann [436]
Corporate image is more about how a brand makes people feel, while reputation includes people’s perceptions of a company’s products, leadership, finances, social responsibility, and interactions with its costumers, employees, and community. Both corporate image and reputation can impact a company’s revenue and success.
7 0
2 years ago
The concept of economic profit is used for making a decision between your two _______ options. Earning zero economic profit is n
tigry1 [53]

Answer:

The concept of economic profit ....... <u>alternative</u> two options.

If economic profit is positive .......... <u>Current </u>option.

If economic profit is negative............ <u>Other </u> option

Explanation:

Economic Profit is the excess of revenue associated with an option, over its costs (explicit external & implicit opportunity costs).

Example : Revenue - Direct explicit cost of production - opportunity cost (like interest on money invested, salary of job left foregone).

The concept is used to make decision between two<u> alternative</u> options. Given, zero economic profits imply indifference.

Positive Economic Profit implies - one should choose<u> Current </u>option, as it will make <u>Better off </u>, having more benefit than other option

Negative Economic Profit implies - one should choose <u>Other </u> option, as it wil make better off, having more benefit than the former considered option.

8 0
3 years ago
Snoke Inc's current price is $100 and the price is expected to rise to $110 in one year. The dividends are paid annually and the
postnew [5]

Answer:

Expected stock Return = 16%

Explanation:

The return of a stock is calculated by subtracting ending stock price to ending stock price and add adding and income distributions made during the period and divide by the stock price at beginning

Current stock price = $100

Expected stock price = $110

Dividends = $6

So in Snoke Inc's the only income distributions are dividends

Return = Ending stock price - Current stock price + dividends/Current stock             price

=110-100+6/100

=0.16/16%

7 0
3 years ago
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