Answer:
Answered
Explanation:
a)Even at twice the original price, the marginal utility per dollar of the 20th train trip may be higher than the corresponding ratio for any other good that Ann might consume, in which case she would be perfectly rational not to alter the number of trips she takes.
After all, missing a trip would be to miss a whole day’s work.
b.) meals.
The higher price of train tickets makes Ann poorer. The income effect of the price
increase is what leads to the reduction in the number of restaurant meals she eats.
Answer:
None of the choices are correct
Explanation:
We use the par value of stock to determine the dividend instead of the market value of stock.
<u><em>Dividend Calculation :</em></u>
Dividend = 35,000,000 shares x $1 x 1%
= $350,000
<u><em>Journal :</em></u>
Debit : Dividend $350,000
Credit : Cash $350,000
Factor market: A market where firms buy services related to production.
Product market: A market where finished goods and services are traded.
Monetary Policy: Federal governments way to influence the economy through taxes.
The last one which I can’t see: Federal reserves tool to influence the money supply in the economy.
:D
Answer:
final goods and services that are purchased by the U.S. federal government
goods and services produced by foreign citizens working in the U.S
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
goods and services produced by foreign citizens working in the U.S
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
