Answer:
If the marginal propensity to save is 0.12, the marginal propensity to consume(mpc) is 0.88, and the multiplier is 8.33.
Explanation:
From the question, we are given the following:
mps = Marginal propensity to save = 0.12
The marginal propensity to consume (mpc) and the multiplier can therefore be calculated as follows:
mpc = 1 - mps ........................ (1)
Substituting the values for mps into equation (1), we have:
mpc = 1 - 0.12
mpc = 0.88
Also, we have:
Multiplier = 1 / mps ..................... (2)
Substituting the values for mps into equation (2), we have:
Multiplier = 1 / 0.12
Multiplier = 8.33
Therefore, if the marginal propensity to save is 0.12, the marginal propensity to consume(mpc) is 0.88, and the multiplier is 8.33.
Answer:
The answer is: E) workers in Alzania have higher productivity due to better education and training.
Explanation:
Alzania and its neighbor both produce cotton and they both have the same amount of workers in the production of cotton. If Alzania is able to produce more cotton (or any type of product) using the same amount of resources (in this case labor) than its neighbor, we can conclude that Alzania does have an absolute advantage in that industry.
This absolute advantage exists because Alzania's workers are more productive than their neighbor's workers.
For example, lets say both countries have 5,000 cotton workers. Alzania produces 100 tons of cotton per worker, while its neighbor only produces 80 tons of cotton per worker. That means Alzania's workers are more productive, and labor usually gains productivity through education or training.
Answer:
A cash receipts budget of flying consumers.
Explanation:
Operational budget is defines as all the profits and expenses a business realises as a result of planning it's operations.
Usually an operational budget is set before activities begin, and is a target to be achieved.
For an airline cash receipts of flying customers is not a revenue realised as a result of planning operations, so this is the correct answer.
However a fuel budget, material budget for parts, and labour budget for flight crew are operational budgets.
Answer:
architectural innovation
Explanation:
The scenario is describing the term known as architectural innovation. This refers to the innovation of the specific architecture of any product that changes and/or modifies the way the different components of the machine link or relate to each other, thus allowing it to perform new functions or the same functions but in a much more user-friendly manner. This is what Canon did by changing the architecture of the copying machine so that it was more user-friendly for the end consumer.
Answer:
c. The array of forces attaching people to their jobs.
Explanation:
Job embeddedness is a study of employee retention. It focuses on all the forces and factors that retain an employee on the job. The theory identifies critical elements that determine a connection between an employee and their job.
These elements are Fit, Links and Sacrifice.
Fit is how the employee perceives their own compatibility with the job. Links are the number of connections the employee has in the working community. Sacrifice is the loss of potential benefits, in monetary terms or psychological, when the connections with the social community are broken.
Hope that helps.
