Essentially, your net worth is the value of what you own, minus what you owe. Or, as a formula: assets – liabilities = net worth
Answer:
monetary and fiscal policies to counteract even small undesirable movements in economic activity.
Explanation:
Economic fine-tuning is the (usually frequent) use of monetary and fiscal policies to counteract or subvert even small undesirable movements in economic activity.
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, monetary policy is used to increase money supply (liquidity) while it is also used to prevent inflation by reducing money supply.
On the other hand, Fiscal policy refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.
Answer:
The 10,000 units of output that will be supplied by the two firms to the market.
Profit that each firm would earn will be higher than previous.
Explanation:
The firm selling 4,000 units at the price of $10 per unit. If the output is increased to 6,000 units the price will increase to $11 per unit. If the new 6,000 units are produced along with the previous 4,000 units then the total output supplied by the two firms will be 10,000 units (6,000 + 4,000). The supply of goods in the market will increase so price will fall and the revenue for the firms will decline but they can benefit with sales volume and their profit can increase.
Answer:
The correct answer is behavior.
Explanation:
The economy is perhaps the most important tool used by public administrators, due to the importance in the development of the countries and the growth expectations at a given moment. The behavior of the economy must be widely studied, since the implementation of strategies for the benefit of all depends on it. One of the main fields of action is GDP, which is in the national interest; Another very common one is the unemployment rate, which refers to the occupancy rate of people able to perform a task.
Answer: Debit to bad debt expense for $9000 (12000-3000)
Explanation:
debit to Bad Debt Expense for $12,000
debit to Bad Debt Expense for $9,000 which is ($12,000-$3,000)
credit to Allowance for Uncollectible Accounts for $15,000 which is ($12,000+$3,000)
credit to Allowance for Uncollectible Accounts for $12,000
debit to bad debt expense for $9000 which is (12000-3000)
