Answer:
the correct option is C) If many firms enter the computer software industry and consequently bid up the price of programmers, then: the long-run industry supply curve will slope downward.
Explanation:
When many firm enter an industry, there is competition and the presence of multiple players will eventually cause the cost of production to decline.
In the short run, if many firms enter the computer software industry and consequently bid up the price of programmers, then the increase in participation will increase the number of software developed.
In the long run, industry supply curve will slop downwards indicating a price reduction.
First of all, GDP does not include household production, production from the underground economy, intermadiate goods or intermediate servces. That is because we define GDP to be the total of all market values of all final goods and services in the country. Hence, the correct answer by the above definition cannot be d. The point of that definition is that household products cannot have a market value and that if we counted towards the GDP both the value of a Graphics Card and that of the PC, we would double count the value of the Graphics Card, thus overestimating the GDP. We see that the value of new houses are included in GDP since they need materials and services and they have a market value, so b is also excluded. Finally, we have shown that b is true but that this is a good thing and leads to a better estimate of total production; the correct answer is a. Here is an example. If there is an economy where in every house there is plenty of wood and people make wood dolls out of tradition, these dolls will not have a market value if they are kept by the people who made them. Nonetheless they are products too and everyone could just try to sell them the next day at a reasonable price; then, the GDP would get a bump out of nowhere, because it cannot account for household items or the underground economy.
Answer:
Instrumental values.
Explanation:
The two types of values that exist are terminal values and instrumental values. Terminal values are the ones people consider of the greatest importance and desire the most. These consist of goals sought after by individuals during their whole life, such as happiness, recognition, professional success, and more. On the other hand, instrumental values relate to beliefs about what are right means to fulfilling the terminal values, such as honesty, sincerity, ethics, etc. These values have more relation to the characteristics of their personality and character.
Answer:
making loans
Explanation:
Commercial bank is the bank where the most of the people do their banking. Here the money is to be provided and the interest is also earned from such loans like mortgage, auto loans, business loans, personal loans, etc
Therefore as per the given situation, the commercial bank would earned by the money by providing the loans or making the loans
Hence, the first option is correct
