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Maslowich
3 years ago
5

Consider an economy with only two groups of​ people: Wage earners and Goods sellers. If the price level increases by​ 20% while

the nominal wages remains the​ same, A. income will be redistributed from goods sellers to wage earners. B. income will be redistributed from wage earners to goods sellers. C. no income redistribution will occur as nominal wages are same as before. D. real wages will not be affected as nominal wages remained the same.
Business
1 answer:
lubasha [3.4K]3 years ago
7 0

Answer:

Income will be redistributed from wage earners to goods sellers.

Explanation:

In this instance there are only 2 parties in the economy, the wage earners (buyers) and the seller's.

When there is a price increase by 20% the sellers gain more because they are getting 20% higher on their previous sales.

On the other hand the buyers or wage earners now have to pay more with a constant wage for goods. Their purchasing power is reduced.

So income is being redistributed from the wage earners to the sellers in this economy.

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Which of the following is considered a service in the calculation of gdp?
Alik [6]

Answer:

A)Tax preparation

Explanation:

Gross domestic product is the sum total of all goods and services produced by a country within a given period.

Goods are tangible products that are produced by the country and in this scenario includes photographs, reclining chairs, and photographs.

Services on the other hand are those intangible actions that produce value to the end user. An example of service is tax preparation.

If an individual requires his taxes to be prepared but does not have the skill to do it. They will hire someone to do it and pay for the service.

7 0
3 years ago
Which of the following statements is true of personnel management during the 1930s and 1940s?a. It was concerned almost exclusiv
dimaraw [331]

Answer: It was concerned almost exclusively with hiring first-line employees.

Explanation:

Personnel management has to do with the planning, integration, compensation, and maintainance of employees to achieve Individual or organizational goals.

Recently, personnel management is now called human resources management. Before then, personnel management during the 1930s and 1940s was concerned almost exclusively with hiring first-line employees who worked on issues relating to the company's future and achieving the company's goals

5 0
3 years ago
By january 2014 the us population had grown to 317.3 million and the us federal debt was a reported $17.3 trillion. calculate th
Fudgin [204]

Per capita means per person. You would take the total debt and divide by the number of people. That will give you federal debt per capita.

3 0
3 years ago
Zander Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold at
Digiron [165]

Answer:

The answer is "$ 1,251,710".

Explanation:

Formula:\text{Overall cost for Job F21X completed during the month = } \\\text{Beginning balance + Direct materials + Direct labor + Manufacturing overhead applied }

= \$ 80,595 + \$ 937,290 +\$ 316,410 + \$ 543,270 \\\\= \$ 1,877,565

Complete unit in Job = 29,850 units

Per unit cost units

                      = \$ 62.9  per unit

Sold units=  19,900 units

Sold goods cost = 19,900 \times  \$ 62.9

                           = \$ 1,251,710

5 0
2 years ago
Symphon Times Inc., a Swiss-based premium watch brand, has recently started selling its watches through company-owned retail out
iVinArrow [24]

Answer:

a) geographic diversification strategy.

Explanation:

In this scenario, Symphon Times Inc., a Swiss-based premium watch brand, has recently started selling its watches through company-owned retail outlets in major cities of the emerging nations. The type of diversification strategies the firm is pursuing is a geographic diversification strategy.

Geographical diversification strategy can be defined as the process of diversifying your investments across various geographical regions (market) so as to improve profits or returns on investment and primarily to mitigate the overall business risk.

Hence, using the geographic diversification strategy Symphon Times Inc., is spreading its risk across various geographical regions or emerging nations by allocation of its resources in order to prevent them from being vulnerable to external conditions and to improve their performance and competitiveness. Thus, a geographic diversification strategy is simply a business management strategy that entails "not putting all your eggs in a basket" rather you should have them spread across in order to prevent or mitigate the overall risks.

<em>Additionally, in order to preserve wealth and to reduce portfolio risks it is advisable that business owners such as Symphon Times Inc. engage in geographic diversification strategy.</em>

4 0
3 years ago
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