Answer:
b. False
Explanation:
A good is said to be 'normal' by economists if an increase in consumers' income bring about increase in demand for the good.
In other words, consumers will buy more of those goods when they have sufficient money due to availability of income.
Example of normal good is when the demand for household appliance like TVs or expensive clothes increases due to increase in income of consumers.
Whereas for an inferior good, demand for such good decreases as consumers' income increases.
Answer:
An increase in mortgage interest rates.- D.
Answer:
a. 1.5 and 1.8
b. Montana
Explanation:
Below is the calculation for the current ratio:
a. Formula used, Current ratio = Current assets / Current liabilities
Current ratio of Kansas = 59000 / 40000 = 1.5
Current ratio of Montana = 78000 / 43000 = 1.8
b. The company that has a higher current ratio will have a greater likelihood to pay bills so Montana is the correct answer.
Routine purchases may only require internal information search, whereas one-time high expense purchases require more external information search time.
<h3>What is
Routine purchases?</h3>
The routine purchases are one that people make to seek for little decision-making, however this purchases are made with “programmed behavior.
Hence , Routine purchases may only require internal information search, whereas one-time high expense purchases require more external information search time.
Find out more on Routine purchases at brainly.com/question/26242633
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