Answer:
(a) N = 10.08
(b) N = 10.89
(c) 19.05
Explanation:
(a)
N = 10.08
(b)
N = 10.89
One thing to observe here is that percentage increase in the real wage is always equal to the percentage increase in nominal wage. Same can be verified with different values.
(c) It's given that the real wage is kept at $ 12 which was the same in the last year as well.
So % increase would be zero.
However, if that $ 12 is considered as a Nominal wage in the current year,then,
= 19.05
Buying plan is often promised free or deeply discounted products
When consumers are characterized as preservers, makers, takers, changers, seekers, or escapers, this is because these reflect their "view of society."
<h3>What is economic sociology?</h3>
Economic sociology is the study of the manufacturing, distribution, transfer, and consumption of products and services using sociological concepts and methods.
Some key features regarding the economic sociology are-
- Economic sociology is especially concerned with the connections between economic activity and the rest of society, as well as changes in the organizations that contextualize as well as condition economic activity.
- Although traditional economic analysis begins with the atomistic individual, economic sociology typically starts with groups or entire societies, which it opinions as existing independently of it and partially comprising the individual.
- When economic sociologists focus on individuals, it is usually to investigate how their mutual interests, beliefs, as well as motivations to act are formed through their interactions.
To know more about the economic sociology, here
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Answer:
B
Explanation:
I think you've already figured this out for yourself, but I thought I'd answer anyway and maybe clarify some things.
Supply is the total amount of a <u>good or service</u> that is available to consumers.
- Think about it: goods are physical things bought and sold, like apples. Services are actions done for another person, like taxi driving or renting a used car.
- None of the other answers make sense: a "device" is not a strictly defined term in economics; an "industry" can't be available to consumers, and a "warranty" isn't applicable.
