Answer:
B. Less than 10%
Explanation:
An addition increase by 10 % in the physical capital stock (which is a factor of production consisting of man made goods like machineries and so on) will lead to a less than 10% increase in the Gross domestic product. This is due to the law of diminishing marginal utility which talks about the consumption increases marginal utility from each additional unit declines. Thus, the more the physical capital stock increases, the GDP will increase at a decreasing rate.
Answer: Fundamental attributional error.
Explanation:
Frank is making a fundamental attributional error when judging the cause of Anna's inability to meet sales target. Frank is blaming her failure based on her character rather than on the real reason which is the attractive sales offer of their competitors. Fundamental attributional error is an error which arises from judging a person's action based on their character without considering other possible external causes.
Answer:
A. control a resource that is essential in the production process.
Explanation:
When the crucial resource is required to make a product, then the restrictions on such resource would not allow, many people to enter in such business.
Also that the resources will be restricted in some or other manner, its price will increase accordingly the cost of producing such article would also increase.
As the cost of production will increase only producers with a high budget and resources in terms of finance will chose it.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
As per §117(b)(2) a qualified scholarship that is solely used for qualified tuition and related expenses like fees, books and supplies that is necessary for such course in which admission is taken, related tuition fees and associated expenses are not taxable.
On the other side expenses on rooms and boarding are not qualified expenses so any amount spent on it is fully taxable. Another condition is that scholarship given should not be an exchange of service.
<em>You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly. </em>
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Answer:
The answer is D. Deflating nominal income for inflation.
Explanation:
Real income is how much money an individual or entity makes after accounting for inflation. it is the income of an individual or a nation after adjusting inflation. It is calculated by dividing nominal income by the price level.
Hence we can say real income is determined by Deflating nominal income for inflation
