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3 years ago

What is the most basic form of production

1 answer:

3 0

The most basic form of production are products from nature or grown using natural resources otherwise known as the most basic form of production

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Suppose the economy had been producing at potential output but is now experiencing a recession. Which of the following are discr

Novay_Z [31]

Answer: a) -A tax cut

-Additional spending on national park facilities

b) Expansionary fiscal policy

Explanation:

Fiscal Policy refers to how the government of a country is using it's spending and taxes to influence Economic conditions on a Macro level.

The keywords for this question are TAXES and SPENDING.

The means that a Discretionary FISCAL policy includes Taxes and Spending.

Now the way to close the Recessionary gap that is opening is to put more money into the Economy. The Government can do this by REDUCING TAXES which will means people have more money to spend and ADDITIONAL SPENDING on NATIONAL PARK FACILITIES as this means that the government is pumping more money into the Economy.

The discretionary fiscal policy needed to bring the economy closer to potential output is an example of an EXPANSIONARY FISCAL POLICY.

This is where the Government aims to put more money into the economy so that growth can be acheived and they do this by lowering taxes and increasing spending either singularly or simultaneously.

3 0

3 years ago

Why is the world so reckless?

andriy [413]

The correct answer to this question should be A communication channel

6 0

3 years ago

Ricardo bought a new suit and he immediately doubted that he made the right decision. he is not sure he bought the right suit an

Tema [17]

He is experiencing buyer's remorse

6 0

3 years ago

If contribution margin is $220000, sales is $400000, and net income is $180000, then variable and fixed expenses are:________

alexira [117]

Answer:

Total variable cost= $180,000

Fixed costs= $40,000

Explanation:

Giving the following information:

Contribution margin= $220,000

Sales= $400,000

Net income= $180,000

The contribution margin formula is as follow:

Total Contribution margin= sales - total variable cost

Therefore, we need to isolate the total variable cost and replace the variable with the data:

Total variable cost= sales - total contribution margin

Total variable cost= 400,000 - 220,000

Total variable cost= $180,000

Finally, the fixed costs:

Fixed costs= total contribution margin - net income

Fixed costs= 220,000 - 180,000

Fixed costs= $40,000

6 0

3 years ago

The consumer price index (CPI) is used to compute inflation.

mina [271]

Answer:

True

Explanation:

The consumer Price index determines how much variates the prices of the market basket and the inflation is the growth or reduction of the CPI compared between a serie of time.

5 0

3 years ago