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3 years ago

An increase in the price of gasoline will reduce the amount of gasoline purchased. This is

Business

1 answer:

nekit [7.7K]3 years ago

5 0

Answer:

<h2>In this case,the answer is option is B. or a positive economic statement.</h2>

Explanation:

In Economics or any Social Science,a positive statement basically refers to an assertion,proposition,fact etc. that can be practically tested or evaluated by examining statistical or empirical data,information and/or facts.
In this instance,the statement given represents an economic relationship between two economic variables,that is,price of gasoline and its consumption level.
Therefore,this is a general statement that can be verified or evaluated by collecting and examining relevant numerical data or facts on the price of gasoline and its consumption level at various parts of the country.
Following the data or numerical fact collection on both price of gasoline and its consumption or purchase level,a basic correlation study can be conducted between the two concerned variables to determine whether the gasoline price has any practical impact on its consumption level.

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Bill Bonecrusher graduates from college w/ choice of playing professional football at $2 mil. a year/coaching for $50,000 a year

tangare [24]

Answer:

His opportunity cost a graduation was$50,000 and eight years later is $2 million

Explanation:

His opportunity cost at the time of graduation is $50,000 as he has 2 choices at that time, either playing soccer or coaching. And as he has been playing football for eight years which implying that he gave up the coaching option. The opportunity cost was therefore $50,000, which is a yearly amount of coaching.

in the same way his opportunity cost is $2 million after 8 years because he has two alternatives to play soccer and create films. And as he gave up the possibility to play football. Therefore, the opportunity cost for playing soccer was $2 million, which is the sum he gets.

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3 years ago

Which of the following is not a disadvantage to inflation targeting?

Irina18 [472]

Answer:

D is the correct option

Explanation:

Enhancement of transparency and reduction of price variability are the two advantages of the inflation targeting. Inflation targeting allows the central bank to maintain low inflation. Low inflation promotes long term growth. Enhanced financial growth and reduction in relative price availability are other benefits of inflation targeting. With inflation-targeting central banks can set long term inflation objectives. Increasing accountability and transparency in monetary policy are other benefits. It also helps to predict inflation maintain price stability

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3 years ago

Fixed rate mortgage offer: Principal: $170,000 Term: 30 years Interest rate: 4.25%Use this fixed-rate mortgage calculator to hel

astra-53 [7]

Answer:

its its $669 for the monthly payment and $877 for the total monthly payment

Explanation:

8 0

2 years ago

How unemployment is impacting on the south africa economy?

Evgesh-ka [11]

Unemployment continues to rise to unacceptable level. As David Lipton said if the government are to navigate this dangerous period. Government must respond concretely to all of these challenges. Despite of political obstacles. This is important to all countries specially South Africa.

7 0

3 years ago

The net income reported on the income statement for the current year was $212000. Depreciation recorded on plant assets was $355

Fudgin [204]

Answer:

$226,900

Explanation:

Calculation to determine How much cash was provided by operating activities

Using this formula

Operating activities=Net income+Depreciation-Accounts receivable + inventories increased-Prepaid expenses - accounts payable decreased

Let plug in the formula

Operating activities=$212000 + $35500 - $2100 - $7900 + $1900 - $12500

Operating activities =$226,900

Therefore The Amount of cash that was provided by operating activities is $226,900

7 0

2 years ago