Answer:
supply-side economist
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
Supply-side economist can be defined as economists who believes that the ability and willingness of the producers of goods and services to manufacture or produce sets the pace for the economic growth of a country.
This ultimately implies that, increasing the supply of goods and services would cause an economic growth for a country.
Generally, supply-side economist are of the opinion that one of the best way to grow a country's economy is by introducing tax cuts so as to increase the incentive for households to work and invest.
However, these tax cuts might initially cause the budget deficit to rise, supply-side economist are convinced that the consequent economic growth will give rise to an increase in government tax revenue.
Hence, Nancy is best described as a supply-side economist in this scenario.
Answer:
The correct answer is letter "B": appraisal cost.
Explanation:
Appraisal costs are the expenditures incurred by a company as part of the quality control process. Those fees are paid for the inspection of the products being sold before they each end-users so defects can be detected if there is any. Providing customers with faulty goods can cause the company being imposed lawsuits or penalties that end up being more expensive than appraisal costs.
Answer:
The correct answer is letter "A": positive externalities.
Explanation:
An Externality is a cost or benefit incurred or received by a third party who has no control over the factors that created the cost or benefit. Positive externalities occur when both at the private and social levels have a positive benefit from the consumption or production of a good.
If the price of a product falls to what is considered a bargain price, a shortage would occur.
A shortage occurs when the quantity demanded exceeds the quantity supplied. A shortage occurs when price is below the equilibrium price.
A surplus is when the quantity supplied exceeds the quantity demanded. A surplus occurs when price is above the equilibrium price.
When the price of a good falls to what is considered a bargain price by consumers, it means that the price of the good is below the equilibrium price.
When the price of a good is below equilibrium, quantity supplied would fall and the quantity demanded would exceed supply. As a result, there would be a shortage.
To learn more about shortage, please check: brainly.com/question/16137233?referrer=searchResults
Answer:
-Correct answer(s)
Long-run aggregate supply equals aggregate demand
Short-run aggregate supply equals aggregate demand
-Incorrect Answer(s)
u<u*
u>u*
Explanation: