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Answer:
Foxystan
The spending multiplier in Foxystan is equal to:
10 times.
Explanation:
a) Data and Calculations:
Decrease in consumer spending = $500
Decrease in GDP = $5,000
Spending multiplier in Foxystan is equal $5,000 : $500 = 10 times
The spending multiplier describes the ratio of change in consumer spending relative to the change in the GDP. In Foxystan, the ratio of the change is 10 times. This means that while consumer spending decreased by $500, it caused a 10 times decrease in the GDP.
Answer:
Resource mobilization theory
Explanation:
Resource mobilization theory looks at how resources such as time, money, and skills determines the success of social movements. It is a unique theory that analyses factors from outside of social movements.
The theory concentrates on the methods a social movement uses to mobilise support and successfully compete with other social movements.
In the given scenario the students wanted to create a social movement focused on university workers that did not receive living wage and other health benefits.
However because they had trouble recruiting new supporters, could not align themselves with other groups on campus, and did not know how to use social media to draw attention to their cause they failed.
The students were not able to effectively mobilise resources needed to make the social movement successful
Answer:
Sunk costs.
Explanation:
Sunk costs refers to historical funds spent or incurred that cannot be recovered. Such costs are considered irrelevant during decision making which impacts on the business's future as they present no influence on present or future prospects.
Example
ABC investors decide to acquire land and develop residential houses at a location X. This decision is informed on the fact that the government had recently enacted a policy that led to an increase in demand for residential properties in that location. 6 months into construction of the residential houses, the government reviews and rescinds the policy. This leads to a sharp decline in property values in location X. ABC investors had already incurred 10 million dollars in the project. The 10 million dollars is considered sunk cost.
Sunk costs are the opposite of relevant costs because they can't be changed or recovered, as they've been spent or contracted in the past already. Hence, relevant cost are relevant for decision-making purposes but not sunk costs.
Hence, money that has been or will be paid regardless of the decision whether to proceed with the project is sunk costs.
Answer:
He may still be covered in some cases.
He faces more risk than insured people do.
He may have to take precautions but many factors are beyond his control.
Not being able to afford insurance was a factor in him not being covered.
Explanation:
I got it correct
