Answer:
C. Yes. If repair rates are higher for planes that have been resold, this would be an indication of a lemons problem
Explanation:
Lemons problem is an issue of quality of product, asset, investment : due to asymetric information about the respective quality.
Asymetric Information is when one one party in transaction has more knowledge about the quality of product or asset, than the other party.
Second hand goods are an illustration of this case, as seller has more information about the real quality of good or asset than buyer.
Lemon's problem in single engines airplanes : can be analysed by concept of second hand goods 'asymetric information, lemons problem' it. If the 2nd hand resold planes require higher repairs, it indicates that the buyer had asymetric information about bad quality of planes ( the information which seller had), but realisation of bad quality later implies higher repairs.
Answer:
a. The supply curve for jeans will shift leftward.
Explanation:
If the price of cotton used in making blue jeans increases, The cost of production would increase. This would discourage production and supply would fall. The fall in supply would shift the supply curve to the left.
Only a change in the price of blue jeans would lead to a movement along the demand curve for blue jeans.
I hope my answer helps you
Answer:
B. Mutual funds are actively managed while index funds are
passively managed.
Explanation:
Both mutual funds and Index funds are both portfolio investment Instruments. They comprise of a basket of stocks as opposed to single equity.
A professional manager manages a mutual fund. The manager uses different analytical tools to select the stocks to be included in the portfolio carefully. Index funds track the prices of the underlying Index. Index funds can be mutual funds or exchange-traded fund ETF such as the S&P 500. Index funds are passively managed.
Mutual funds will attract a higher commission than index funds to cater for the funds' manager's fee.
Answer:
See below
Explanation:
A budgetary fund is an income account and thus a debit balance suggests a deficit on the fund account. This means that governing bodies of City of Goodville have spent more money in their expenditures than they have brought in as income from the fund. This will be recorded as a liability in the balance sheet. Where as a credit balance would be a surplus and recorded as an asset.
Answer:
The Diary Survey.
Explanation:
"The other national data sources and its publishing period are highlighted in the next cite:
"The Consumer Expenditure Survey (CE) is a nationwide household survey conducted by the U.S. Bureau of Labor Statistics (BLS) to find out how Americans spend their money. It is the only federal government survey that provides information on the complete range of consumers’ expenditures as well as their incomes and demographic characteristics. BLS publishes 12-month estimates of consumer expenditures twice a year with the estimates summarized by various income levels and household characteristics. BLS also produces annual public-use microdata files to help researchers analyze the data in more detail.
The CE consists of estimates derived from two separate surveys, the Interview Survey and the Diary Survey. The Quarterly Interview Survey is designed to collect data on large and recurring expenditures that consumers can be expected to recall for a period of 3 months or longer, such as rent and utilities, and the Diary Survey is designed to collect data on small, frequently purchased items, including most food and clothing. Together, the data from the two surveys cover the complete range of consumers’ expenditures. CE data are collected for BLS by the U.S. Census Bureau."
Reference: U.S. Bureau of Labor Statistics. “Consumer Expenditures and Income: Overview.” U.S. Bureau of Labor Statistics, U.S. Bureau of Labor Statistics, 2019
