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Mazyrski [523]
3 years ago
14

Inflation can decrease _____, which reduces the amount of goods and services a person can afford

Business
2 answers:
PtichkaEL [24]3 years ago
7 0
Inflation is the situation in which the same amount of money is worth less- meaning that it will have less purchasing power (so one can buy less for 100 dollars now than 10 years ago) - the correct answer is "purchasing power". Lower purchasing power reduces the number of goods that people can afford.
vivado [14]3 years ago
5 0

Answer:

Purchase power

Explanation:

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Joe Jones, plant manager at Waco Industries, told a friend that if it was necessary, his plant could produce 1,000 items a day i
Paraphin [41]

Answer:

Correct option is (d)

Explanation:

Capacity refers to the amount of goods that a plant or organization can produce. Maximum capacity refers to the total number of goods produced at maximum efficiency.

In this case, Joe's plant could produce 1,000 items if all conditions are met, which means when the plant is at its highest efficiency. This states the maximum capacity of the plant.

7 0
2 years ago
Rogers suggested that ideas are diffused through the market in systematic stages. During the ________ stage the customer decides
Step2247 [10]

During the <u>Decision to adopt stage</u>  the customer decides whether or not to try the product.

Explanation:

  • Diffusion of Innovation (DOI) Theory,was framed by E.M Roger in the year 1962.

  • Diffusion of Innovation (DOI) Theory,is one of the most oldest theories of social science.

  • <u>This theory explains that how a new idea,product or behavior is first introduced and then how it diffuses ,and becomes a part of the social system as a whole</u>

<u />

8 0
3 years ago
You currently have $5,400. First United Bank will pay you an annual interest rate of 8.9, while Second National Bank will pay yo
IRISSAK [1]

Answer:

Second National  Bank

Present value (PV) = $5,400

Future value (FV) = $13,900

Interest rate (r) = 10% = 0.10

FV = PV(1 + r)n

$13,900 = $5,400(1 + 0.10)n    

<u>$13,900</u> = (1.10)n

$5,400            

2.574074074 = (1.10)n

Log 2.574074074 = n  log 1.10

<u>Log 2.574074074</u> = n  

Log 1.10                  

n =  9.9 years      

None of the answers is correct                                                                                                                                                          

Explanation:

In this case, we will apply the formula of future value of a lump sum. The present value, interest rate and future value were provided with  the exception of number of years. Thus, the number of years becomes the subject of the formula. The future value equals present value, multiplied                     by 1 plus interest rate, raised to power number of years.                                                                                                                                                                                                        

8 0
3 years ago
Which is not a function of mucus in the nasal cavity?
snow_tiger [21]
The answer is to break down oxygen entering the respiratory system others are the functions.

Hope it helps:)
8 0
3 years ago
Butchart Gardens is a very large garden in Victoria, British Columbia, renowned for its beautiful plants. It is so large that it
andrey2020 [161]

Answer:

<h2>In this case,visit to the Butchart Garden is an excludable and non-rivalrous good and is an example of a Club Good.</h2>

Explanation:

First,since the Burchart Gardens charges an admission fee of $30 for each visitor,anyone who has not paid the fee cannot or will not be able to have access inside the garden.Therefore,it is currently not a free service for all the visitors.In this sense,a visit to the Butchart Garden is excludable.It can be assumed that any visitor who wishes to come inside the garden and have a visit will have to mandatorily pay the admission fee.

Secondly,as Butchart Garden is a public area and anyone who pays the admission fee can officially gain access to the garden,enjoyment of the natural and aesthetic beauty of the garden by any one visitor does not reduce the simultaneous enjoyment of any other visitor who has paid the admission fee and hence,gained access to the garden.In economic language,if we consider the garden visit as a particular commodity,then the consumption of the commodity by any one visitor or consumer does not reduce the simultaneous consumption of any other visitor/s or consumer/s,provided that they have all paid the admission fee to gain access to the commodity or garden in this case.Therefore,visits to the Butchart Garden can be considered as non-rivalrous.

Now,since the visit to the Butchart garden is both excludable and non-rivalrous in nature,it can be considered as an example of a Club Good.

8 0
3 years ago
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