Answer: Stimulating the aggregate demand in the economy.
Explanation:
When former President Obama took over the governing of the nation in 2009, the country was in the midst of one of the worst global depressions that it had ever been through. Employment was high and aggregate demand was low.
President Obama therefore embarked on an expansionary fiscal policy by passing the American Recovery and Reinvestment Act which was to target certain sectors of the economy with the view of increasing investment in those sectors and consumption so that Aggregate demand can be stimulated in the economy as those two things are components of Aggregate demand.
Answer:
1. $2 per household per year
2. $2,500 per sugar producer per year
Explanation:
The computation is shown below:
1. The gross cost per household per year is shown below:
= Loss in consumer surplus due to the tariff ÷ Total number of households
= $100,000 ÷ 50,000 households
= $2 per household per year
2. The policy's benefit is
= Total gain in producer surplus ÷ number of sugar producers
= $25,000 ÷ 10 sugar producers
= $2,500 per sugar producer per year
Answer:
The correct option is C, use their best judgement
Explanation:
Option A is wrong as there was no requirement stipulating that they need to check with the corporate office before accepting a return.
Option B is also wrong based on the point above.
Option C is correct as the employees are given the opportunity to use their best judgement in determining whether or not an item is still in good condition.
Option D is also wrong because there was no pointer to strict adherence to guidelines.
Lastly, option E is wrong because good condition is not the same new condition.
Answer:
c. nominal variable
Explanation:
Nominal variable is a variable that hasn't been adjusted for inflation. E.g. price level
Nominal variable = real variable + inflation rate
Real variable are variables that have been adjusted for inflation rate. E.g. real GDP
Real variable = nominal variable - inflation rate
Relative variable is the value of a variable in terms of another variable. E.g. comparative advantage
Dichotomous variable are variables that can take on either two values when measured e.g. gender
I hope my answer helps you.
Answer:
$2,034,500 ; A
Explanation:
In this question, we are asked to calculate cost estimate.
One of the methods which we can use to do this is the cost factor technique.
Mathematically, the estimated total cost will be;
Ct = hCe
Where Ce refers to cost at major equipment and h is the overall cost factor.
From the question, we can identify the following;
Ce is $650,000 while h = 1.82 + 1 + 0.31 = 3.13
Inputing these values in the formula, we have;
Ct = $650,000 * 3.13 = $2,034,500
