Contract adjustment. PPI data are commonly used in adjusting purchase and sales contracts. These contracts typically specify dollar amounts to be paid at some point in the future. It is often desirable to include an adjustment clause that accounts for changes in input prices. For example, a long-term contract for bread may be adjusted for changes in wheat prices by applying the percent change in the PPI for wheat to the contracted price for bread. (See Price Adjustment Guide for Contracting Parties.)
Indicator of overall price movement at the producer level. PPIs capture price movement prior to the retail level. Therefore, they may foreshadow subsequent price changes for business and consumers. The President, Congress, and the Federal Reserve employ these data in formulating fiscal and monetary policies.
Deflator of other economic series. PPIs are used to adjust other time series for price changes and to translate those series into inflation-free dollars. For example, constant-dollar gross domestic product data are estimated using deflators based on the PPI.
Measure of price movement for particular industries and products.
Comparison of input and output costs.
Comparison of industry-based price data to other industry-oriented economic time series.
Forecasting.
LIFO (i.e., last-in, first-out) inventory valuation.
To protect their national language and heritage.
Language is a key part of culture, and in an increasingly globalized world, countries will seek to preserve their national language to prevent it from being lost. According to the Linguistic Society of America, there are over 5,000 spoken languages in the world today, but many of those languages are considered "endangered," meaning they may be lost in favor of the more commonly spoken languages in the world.
Incidentally, China is an interesting example. Though the Chinese government made standard Mandarin the official language of the country in 1956, there are over 50 ethnic groups and nearly 300 language dialects present in expansive territories of China. The <span>Uyghur language is spoken by about 11 million people in China, for instance. Hmong language is spoken by nearly 3 million people worldwide, most of whom are in China. So while China has an official policy endorsing the Mandarin language, there are also many, many other language groups trying to preserve their own culture and heritage within China.</span>
Those who opposed the provisions of the Sherman Antitrust Act believed that success in business depended on an utter lack of regulation by the US government, since this Act sought to limit the freedom of some businesses.
Title: Number of hours you are online vs. days of the week.
Vertical axis title: Hours online
Horizontal axis title: days of the week.
Hope this helps!
Answer:
B. That clause grants the government the right to create laws that enable it to carry out its duties.
Explanation:
The "Necessary and Proper Clause," was officially adopted in Article 1 Section 8 of the Constitution of the United States of America. It is popularly known as the elastic clause because it extends the power of Congress. It gave power of making laws necessary and appropriate for the execution of the aforementioned powers in the Constitution by the Government of the United States.
