Answer: Alicia has a very simple tax return and some degree of tax knowledge. She wants to file taxes without spending any extra money. What is her BEST option for filing taxes? Independently prepare her taxes.
Explanation:
Answer: Option B
Explanation: In simple words, efficiency theory states that direct monetary benefit is the best motivator for the worker and if the employer pays high wage then the worker will definitely work more efficiently.
It further states that higher wage will be covered by the extra benefit that the worker will provide with his or her performance.
Thus, the correct option is B.
Answer:
$297
Explanation:
We are to find the simple interest received by each of Michael and John after 1 year on $11000 at their respective rate of interest, then subtract the bigger from the smaller, the difference is the answer.
Simple Interest = PxRxT
P = Principal
R = Rate
T = Time
Michael
P = $11,000
R = 3%
T = 1 Year
Simple Interest = $11000 x 3% x 1
= $11000 x 0.03
= $330
That is Michael will receive an interest of $330 after 1 year
John
P = $11000
R = 5.7%
T = 1 Year
Simple Interest = $11000 x 5.7% x 1
= $11000 x 0.057
= $627
This means John will receive an interest of $627
Therefore, John will receive $627 - $330 = $297 more than Michael
Explanation:
It is an simplified version which makes us to understand and observe the "economic behavior"
It purely uses mathematical concepts and simplify the information and show only important or highlighting information.
You can alternatively use "economic theory" instead of "economic model"
A good economic model, will make the user to understand the complex information with the help of key pointers.
There are 2 broad classification of Economic model:
1. Theoretical
2. Empirical.
The commonly used economic model is the classic model, which constitutes of "The law of demand and the law of supply"