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3 years ago

When consumers get more money, what do they tend to substitute normal goods for?

Business

2 answers:

BabaBlast [244]3 years ago

7 0

Answer:

Inferior goods

Explanation:

When income increases customers tent to substitute normal goods for inferior goods, overall, inferior goods are the goods which customers demand after an increase in the income or whenever they get more money. For example, a person who drinks a regular cup of coffee (Normal good) might want a bigger cup of coffee (Inferior good) after an increase in income.

dexar [7]3 years ago

5 0

Answer:

inferior goods

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Problems with (or leakages from) the money creation process would include an increase in the reserve requirement. unwillingness

mart [117]

Answer:

The correct answer is unwillingness of borrowers to obtain loans from banks to invest in factories or expansion of the firm.

Explanation:

Solution

Given that:

Leakage problem occurs or happens within an economy when the money goes out of the economy, which leads to a loss in the economic value of goods and services, and also leads to loss in profits making.

This would lead to an unwillingness of borrower's to obtain loans from banks in the expansion of the firm or to invest in factories.

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3 years ago

If you wish to enter the field of soil and

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4 year college degree is the minimum educational goal to attain if one wish to enter the field of soil and forest conservation.

The 4 year college degree is tantamount to the Bachelor degree achieved from University, college etc.

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Therefore, the Option C is correct.

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3 years ago

True or False: Some nonactivists believe in a predetermined-money growth rate, which suggests that the monetary authorities shou

Paraphin [41]

True Some no activist believe in a predetermined money growth rate

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3 years ago

Put the following steps of the problem solving process in correct order. Question 2 options: Implement the Model Identify what i

netineya [11]

Answer:

I. Identify what is the problem

II. Acquire the data

III. Develop the model

IV. Implement the Model.

V. Do the results look right.

Explanation:

The problem-solving process can be defined as the systematic approach used to identify and determine the solution to a particular problem.

The steps involved in the problem-solving process are;

1. Identify and define the problem: this is the first step to be taken in solving a problem. This is to ensure that, the focus is on the main issue or situation and all efforts is channeled in the right direction rather than the symptoms.

2. Gathering of information: this helps to consider the options available in solving a problem effectively.

3. Consider your options: this helps to compare the available and viable solutions to the problem.

4. Weigh disadvantages and evaluate a solution: you weigh the disadvantages of each solution, before choosing the one with the least disadvantages.

Hence, the fundamental steps of the problem solving process in the correct order are;

I. Identify what is the problem

II. Acquire the data

III. Develop the model

IV. Implement the Model.

V. Do the results look right.

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3 years ago

PB9-2 Recording and Interpreting the Disposal of Long-Lived Assets [LO 9-5] During the current year, Rayon Corporation disposed

sasho [114]

Answer:

Machine A entries

Debit Other income/disposal account (p/l) $60,000

Credit Asset account $60,000

Being entries to derecognize the cost of the Machine A

Debit Accumulated depreciation account $28,000

Credit Other income/disposal account (p/l) $28,000

Being entries to derecognize the accumulated depreciation on Machine A

Debit Cash account $33,500

Credit Other income/disposal account (p/l) $33,500

Being entries to record the amount received from the disposal of machine A

Machine B entries

Debit Other income/disposal account (p/l) $14,200

Credit Asset account $14,200

Being entries to derecognize the cost of the Machine B

Debit Accumulated depreciation account $7,365

Credit Other income/disposal account (p/l) $7,365

Being entries to derecognize the accumulated depreciation on Machine B

Explanation:

When the amount received from the disposal of an asset is higher than the carrying value of the asset, the company makes a gain on disposal. The proceed from the disposal of an asset may be recorded in the disposal or other income account.

On disposal, the carrying amount of the asset is derecognized by

Debit Other income/disposal account (p/l)

Credit Asset account

with the cost of the asset, then,

Debit Accumulated depreciation account

Credit Other income/disposal account (p/l)

With the accumulated depreciation of the asset at the date of disposal,

Furthermore,

Debit Cash account

Credit Other income/disposal account (p/l)

with the amount received from the disposal or sale of the asset

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3 years ago