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4 years ago

Generally, as the proportion of middle-income households in a country increases, the nation's purchasing power __________.

Business

1 answer:

erica [24]4 years ago

5 0

Answer:

Increases

Explanation:

Generally, as the proportion of middle-income households in a country increases, the greater (an increase) nation's purchasing power.

Actually, the purchasing capability increases in proportion to an increase in the income of households.

Purchasing power is known as the currency value which is usually seen in the amount of goods or services that a unit of money can buy.

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If a good is normal, then an increase in income will result in a(n) a. increase in the demand for the good. b. decrease in the d

andrew11 [14]

Answer:

a. increase in the demand for the good.

Explanation:

As we know that

In the case of normal goods, there is a positive relationship between the income and the quantity demand. If the income rises, the quantity demand is also rising and vice versa

But in the case of inferior goods, it shows an inverse relationship between the income and the quantity demand. If the income rises, the quantity demand is falling and vice versa

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4 years ago

The difference between variable costs and fixed costs is (CMA adapted) A. Unit variable costs fluctuate and unit fixed costs rem

Hatshy [7]

Answer:

(A) Unit variable costs fluctuate and unit fixed costs remain constant.

Explanation:

The fixed costs are the costs which have to be incurred always, irrespective of what the output produced is by the firm. For instance, a firm always has to charge depreciation on its fixed assets, pay salary to the premises staff and pay fixed salary to the managers for managing etc, irrespective of whatever output it produces.

Variable costs are the costs which vary with the level of output produced activity. For example, if more output is produced more will be the raw material payments, more will be the manufacturing related other expenses and more will be the wages paid to the labour etc and vice-versa.

Hence, thereby the per unit variable costs fluctuate and unit fixed costs remain constant.

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3 years ago

Is it possible that a person might be an effective leader in one situation but not in another

amid [387]

Yes, effective leadership involves chosing the right style for the situation. Every leadership situation has different variables and followers. Think of a coach that fails with one team and wins with another.

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4 years ago

payment history and total debt, together, comprise of 65% of your score. why do you think it’s so high?

Otrada [13]

Solution and Explanation:

Most money related specialists characterize a terrible FICO rating as anything beneath a 600, however, every loan specialist has its own principles while checking on applications. The normal American has a FICO assessment of 687, which helps put the range into viewpoint.

In the event that you have poor credit, you've presumably had a blend of negative things on your credit report, as missed installments, misconducts, or possibly a chapter 11 or dispossession. You can generally demand a free credit report to make sense of what precisely is keeping your score so low. Truth be told, we prescribe checking your credit report each year.

Government law permits you access to a free duplicate of every one of your three reports like clockwork, so there's no explanation not to exploit this advantage.

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4 years ago

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Olenka [21]

Which career requires less education than an Auditor?

A) Accountant

B) Bookkeeper

C) Credit Analyst

D) Financial Manager

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3 years ago