Answer:
Goods on which consumer spend less proportion of his income has an inelastic demand like a needle and newspaper. But the amount of income of a consumer does not affect the price elasticity of demand. Consumer's income has no relation with the price elasticity of demand for a particular good.
Explanation:
Answer:
The correct answer is B. result from the political bias toward immediate benefits and deferred costs.
Explanation:
While many people run hysterically on the streets begging politicians to act in the face of the threat of climate change, many people, young and old, may be demanding the same type of action, but to fix the unfunded passive systems.
By extending eligibility and increasing the benefits of a pay-per-use system while at the same time having fewer children to finance it, previous generations have left a fearsome financial obligation. Either taxes will increase dramatically for tomorrow's workers, lowering their standard of living, or benefits will fall for tomorrow's retirees, lowering their standard of living. A group will feel very angry.
These problems were anticipated even when politicians were raising payments, but each elected government simply kicked the can and allowed things to continue as usual.
Social security systems and pension funds are actuarially not funded systems. There is no obligation for this generation to have children at the same rate as previous generations. Therefore, when those born in the 1950s reach retirement age in the next century, their stipends will feel more like a burden due to the ranks of non-active members of society that will depend on their contributions to live.
Answer:
According to the information in the text, the US GDP would be $500, because GDP only accounts for all the goods and services produced within the country, or under the income approach, for all the forms of income (rent, dividends, wages) earned by nationals or foreigners in domestic soil.
In this case, the Mexican citizen working in the US and earning $500 adds the same amount to US GDP of that year regardless of his nationality.
<span>With the information given above, taking
into account the sales of the previous year ($20,000) and assuming that the
sales for this current year will go up by 20%, the total variable cost will
decrease and the total fixed cost will remain constant.</span>
Explanation:
So what would happen is that means America and other country's or states would not get the items they need. Mostly everything that comes from china goes to America. Even though Corona virus has stopped us from shipping people or items, we can't do it. The cost would definitely go down and workers for the Chinese government would not want to work since there doing a hard job but so little money.
PLEASE DO NOT COPY AND PASTE ^-^
