Answer:
These are the answer choices for the question:
A. Cooperation between governments and citizens
B. Commitment to maintaining long-standing customs
C. Corruption in the leadership of powerful groups
D. Competition between different businesses
And this is the correct answer choice:
B. Commitment to maintaining long-standing customs
Explanation:
Traditional economies are economies that have not yet industrialized, that tend to be small-scale, and that give great weight to traditions when taking economic decisions, precisely.
Examples of traditional economies can be seen in nomadic, semi-nomadic, and pastoralist peoples, who often lack enough economic complexity to become large populations with complex poltiical and economic institutions.
In these societies, economic decisions may be guided more by the insight of a leader, than by economic rationality per se, as long as the bare minimum needs for survival are met beforehand.
The correct answer for the question that is being presented above is this one: "B) <span>decrease in taxes will be saved by households and not spent, and some portion will be spent on consumer durable goods."
</span>
Here are the following choices:
A) <span>decrease in taxes will be saved by households and not spent, and some portion will be spent on imported goods.
</span>B) <span>decrease in taxes will be saved by households and not spent, and some portion will be spent on consumer durable goods.
</span>C) <span>increase in government purchases will be saved by households and not spent, and some portion will be spent on imported goods.
</span>D) increase in government purchases will be saved by households and not spent, and some portion will be spent on consumer durable goods.
Answer:
The false statement is letter "D": Contracts that can be performed within one year.
Explanation:
The statute of frauds establishes contracts to be written for some agreements to be secured. It mainly applies to land sales and purchases of goods $500 (U.S. dollars) and above, but it is not limited to only those two kinds of transactions. The statute of frauds capitalizes that contracts cannot be completed in less than one year. In that sense, the option "D" is a false statement.
Answer:
D. either real output or the price level (GDP deflator) have increased.
Explanation:
GDP is the total value (price x quantity) of goods & services produced by an economy during an a time period.
Real GDP is calculated on the basis of base year price index. Nominal GDP is calculated on the basis of current year price index.
So: Real GDP increases only due to rise in output quantity, not by price. Nominal GDP can increase due to rise in both output quantity or in price level (reflected in deflator).
This makes Real GDP a better measure of Economic growth than Nominal GDP, since it captures effect of increased production only (& not price).
Deflator is a measure of average price level change =
<u>Nominal GDP</u> X 100
Real GDP
Deflator > 100 shows inflation in general price level, Deflator < 100 shows deflation in general price level.
<span>The answer is informal organization.
Informal organization or human-side organization is the system that develops spontaneously as employees meet and form cliques, relationships, and lines of authority outside of the formal organization.</span>
