Answer:
The individual will plan to spend or consume more of his wages than usual; since he believes there'll be a tax cut.
Explanation:
C = consumption
W = wages
Note: No graph is attached to the question so we can't make use of certain information in the question.
Suppose there is an announced change in tax policy - a tax cut/reduction - and a tax increase later; <em>what is the impact of this policy on consumption if the consumer believes that the policy will be implemented?</em>
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Reasoning as an economist, the first reaction of a rational consumer is to begin to consume more since he believes the tax reduction policy will be implemented.
NOTE that sometimes the government or financial ministry in a country intentionally announce policies just so citizens can begin adjusting their consumption and investment patterns in line with them. They do not necessarily follow up with implementation of the policies.
So for a consumer who believes that there'll be a tax cut, he'll be excited and will either consume more of his present wage or consume all and borrow or dissave.
This is true. If a firm is considered to be of national interest (i.e. defense or national security), in a mixed economy, the government can take control of the failing business.
Answer:
Answer is option a, i.e. have been combined to develop a procedure that uses the best of each.
Explanation:
In project management, PERT i.e. project evaluation and review technique is used as a statistical tool that is used to assess the overall work that is done to complete a certain project. In order to complete a particular task, there can be 'n' number of paths or ways. The best decision of selecting a pathway that is time-saving as well as cost-saving is to be found out. This chosen path is then referred to as 'Critical path.' Hence, PERT and CPM can be understood as two faces of a single coin, and have been combined to develop a procedure that uses the best of each.
The fewest number of hours from the graph is 73 hours.
<h3>Equation</h3>
Equation is an expression used to show the relationship between two or more numbers and variables.
Let x represent the number of $10 course and y represent the number of $15 course.
Her goal is to save at least $1000, hence:
Also:
The fewest number is (20, 53)
The fewest number of hours from the graph is 73 hours.
Find out more on equation at: brainly.com/question/2972832
The aggregate demand curve slopes downward because it reflects a direct relationship between the price level and the amount of real output demanded. This statement is false.
<h3>What is a demand curve?</h3>
It should be noted that a demand curve simply means the graph that illustrates the quantity bought at a price.
In this case, the curve slopes downward because output reduces as price increases. This shows an inverse relationship.
Learn more about demand curve on:
brainly.com/question/1486483
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