Answer: the major railroad companies
Explanation: In 1883, the major railroad companies in USA divided the time zone into four parts to simplify the time differences among them as well as for internal operations.
This was initiated at the industrial era and is still followed by the rail road companies in USA. The grouping of zones was important because of the large size of USA.
Hence, we can conclude that Option A is correct.
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Answer:
Puffery
Explanation:
Puffery refers to making hefty claims regarding product attributes and traits which represent a subjective and not objective view. Such claims are not backed by valid reasoning or valid evidences and facts.
In the given case, the art dealer claims his products being of high quality and appreciating over the period of next ten years. Such claims cannot be substantiated by any concrete evidence. As value cannot be ascertained in advance.
Answer:
B. product line
Explanation:
The large variety of toothpastes under the Crest brand is an example of a product line
Answer:
(a) 5
(b) $150 million
(c) 45 million
Explanation:
(a) Multiplier = 1 ÷ (1 - MPC
)
= 1 ÷ (1 - 0.8
)
= 1 ÷ 0.2
= 5 ⇒ the value of the simple multiplier is 5.
b) If the autonomous expenditure is increased by $30 million then the total output will increase by:
= $30 million × 5
= $150 million
c) If the Marginal propensity to import is 0.3 then the import will increase by:
= 150 × 0.3
= 45 million
