Answer:
a. gross income test
Explanation:
because quailfying children must pass the relationship, age support, residence tests.However,there is no requirement relating to gross income for purposes of the qualifying child test.
Answer:
D. The marginal cost of light is zero, and by convention zero-priced goods and services are excluded from GDP
Explanation:
Only things that have a monetary cost are included in GDP. Things that do not cost "anything" in monetary terms are not included, and this is a major shortcoming of GDP.
From an ecological economics standpoint, things like sunlight, air, and water are often not valued and included in GDP. This is the same case as in the question, because the marginal cost of light is zero, then, it is not included in GDP.
Answer: D - Enforce federal rules on member banks
Explanation:
Just took the test
Answer:
The correct answer is option a.
Explanation:
Apples and oranges are substitutes. An increase in the price of oranges will cause the demand for apples to increase. This is because people will prefer a cheaper substitute. This increase in the demand for apples will cause its demand curve to shift to the right.
The rightward shift in the demand curve will cause the equilibrium price to increase. But this change in price will not cause a change in demand. The change in price affects only the quantity demanded. Change in demand happens because of a change in other factors.
So, the given statement is not correct.
Answer:
d. 96,000
Explanation:
Provided required rate of return on investments of $800,000 = 12%
Now desired profit = $800,000 X 12% = $96,000
therefore when fixing the price per unit this profit shall be added, and then reverse calculation is done.
With this we can get the desired profit.
At the last the total of cost and profit shall be divided by number of units to get the selling price per unit.
Therefore desired profit in dollars = $96,000
