Answer:
The answer is Substitutes.
Explanation:
For cross-price elasticity we can either have substitute goods or compliment goods. If the cross-price elasticity is positive, then the goods are substitutes and If the cross-price elasticity is negative, then the goods are compliments.
In this example, the cross-price elasticity is 0.31. This answer is postive, meaning, beer and wine are substitutes.
So 1% increase in price of wine will make demand of beer to rise by 0.31.
It can't be complement s because it is not negative.
It can't be necessities because this does not relate to cross-price elasticity
Answer: Trade policies are coordinated and there are less restrictions on imports and exports.
Explanation:
An economic community is an agreement entered into by countries to enable higher cooperation in areas of politics and economic activities. In an economic community, the charges placed on import and export among member nations is minimal. An example of an economic community is the ECOWAS.
Answer:
The federal funds rate is the rate at which banks borrow money overnight. When the Fed wants to stimulate the economy, it will lower the short-term funds borrowing rate. In response, banks typically lower the interest rates they charge to consumers for a variety of loans.
Answer:
A. EPS reports the amount of income (loss) for each share of the company's issued common stock.
Explanation:
As we know that
Earning per share (EPS) is
= (Net income - preference dividend) ÷ (Number of outstanding shares)
According to this, the d option is correct also the b option and c are correct as it represents if there is an income from continuing operations so it should be reported in the income statement and it is most widely used for all the business
But the last option is not correct as earning per share reports the income or loss for each and every share based on the outstanding common stock
Hence, the option A is not correct
