Answer:
d. substitution bias.
Explanation:
Price changes from year to year are not proportional, and consumers respond to these changes by altering their spending patterns. The problem this creates for inflation calculations is called substitution bias.
A problem with the Consumer Price Index (CPI) arises from the singular fact that, when the price level of a product becomes relatively less expensive or lower, consumers tend to buy more quantity of the product and consequently, a lesser quantity of goods that are relatively more expensive.
Hence, their spending pattern changes with respect to the prices but it's not completely adjusted with the Consumer Price Index (CPI), thus, making the inflation rate to differ because of the problem of substitution bias.
Answer:
The profit will decrease.
Explanation:
For example, if the company increases the value of the product to its customers and incurs a cost of $200 per unit in doing so while it increases the selling price by $150. This implies that its profit will decrease by $50 because anytime the cost is more than the selling price of a product, there is a reduction in the profit margin. However, this remains true in the short-run. However, in the long-run, when customers start appreciating the increased value of the product, demand for the product may skyrocket, leading to an increase in price. By this time, the company will recover more cost and even report a higher profit margin.
Answer:
Macroeconomics: B;C;E
Microeconomics: A;D
Explanation:
Macroeconomics deals with the performance, structure, and behavior of the entire economy. It is a branch of economics that studies how an overall economy behaves. Macroeconomics looks at the overall, big-picture scenario of the economy, it focuses on the way the economy performs as a whole and then analyzes how different sectors of the economy relate to one another to understand how the aggregate functions.
Accordingly, to this definition, the topics relating to macroeconomics are:
(B) the effect of government regulations on auto emissions.
(C) the impact of higher national savings on economic growth.
(E) the relationship between the inflation rate and changes in the quantity of money.
Microeconomics is the social science that studies the implications of human action, specifically about how those decisions affect the utilization and distribution of scarce resources. Individual actors are often grouped into microeconomic subgroups, such as buyers, sellers, and business owners. These groups create the supply and demand for resources, using money and interest rates as a pricing mechanism for coordination.
Accordingly, to this definition, the topics relating to microeconomics are:
(A) a family's decision about how much income to save.
(D) a firm's decision about how many workers to hire.
A radiologist is a physician who specializes in using medical imaging
techniques, such as X-ray and magnetic resonance imaging (MRI), to diagnose and
treat diseases or injuries. Education is extensive and includes completion of a
bachelor's degree program, medical school, and a residency. Medical licensure
is required. A fellowship in a specialized field as well as certification is
optional.
A radiologist is a doctor who
specializes in diagnosing and treating disease and injury through the use of
imaging techniques such as:
X-rays
computed tomography (CT)
magnetic resonance imaging (MRI)
nuclear medicine
positron emission tomography (PET)
fusion imaging, and
ultrasound
Adequate training, understanding of
radiation safety and protection and a Bachelor’s degree is required. If high
schools students are interested in radiology. A<span> number of undergraduate students
volunteer in medical settings to gain experience. If high school students are
interested in radiology, they must take <span>medical
school prerequisite courses like biology, chemistry and physics. </span></span>
Answer:
Luis can be classified as actively engaged.
Explanation:
Members of an organization can be classified according to their level of engagement with the organization:
- Actively Disengaged
- Actively Engaged: employees that perform their work with passion and are emotionally attached to the organization.
- Not Engaged