Voluntary exchange is the actions of buyers and sellers freely coming together in the marketplace to buy and sell goods. They are not restricted or told what to buy, how to buy it, or how much, by the government or any other regulator.
Answer:a,b and c.
Explanation:
E= Economics
S= Sociology
From statement 1,
E= 40
S= 30
E+S = 40+30
Thus, E+S = 70
Hence, option "a" is a possible combination.
From statement 1 also,
E/2 + S = (40/2) + 30 = 20+30=50
Hence option "b" is correct.
From statement 2,
E= 30
S = 50
E+S = 30+ 50 = 80
2E + S =(2×30) + 50 = 60+50=110
Thus, "c" is correct.
for option d
E+ S = 20 will be tested using statements 1 and 2 separately.
Using statement 1,
E+S = 30+40=70 which is not equal to 20. Hence option "d" is wrong.
Also, using statement 2,
E+S = 30+50= 80 which is not equal to 20. Hence option d fails to satisfy statement 2.
Hence the equations that describe possible combination of pages of Economics and Sociology are equations a, b, and c.
<span>According to annual gift tax exemption you
are allowed to make gifts of up to $14,000 per year per person which is tax-free.
Now Patel gave his six grand children $30,000 each. So, Patel's gift tax exclusion on each individual is $14,000.<span> The amount above the annual limit
that is $14,000 to each individual has to be reported and counts toward Patel’s
lifetime exclusion.</span></span>
Answer:
$ 75 000
Explanation:
Economic profit = total revenue from sales - ( total expenses + opportunity cost) = $ 600000 - ( $ 200000 + $ 175 000 + $ 45000 + $ 105000) = $ 75 000
Answer:
A. Increase
Explanation:
The elimination of minimum wage, means that the wage or "price" for teenage workers will decrease.
Next we can use the information that these type of workers are complements. Remembering that two goods are complements if the cross price elasticity is negative. This means that if the price of one good decreases the demand for the other will increase.
Since the price for teenage workers decreased by the elimination of minimum wage that will make the demand for adult workers to increase.