Answer:
The answer is a. It is the combination of products that society most desires.
Explanation:
Allocative efficiency means that the particular mix of goods being produced that is, the specific choice along the production possibilities frontier represents the allocation that society most desires.
Answer:
Autocratic leadership.
Explanation:
Autocratic leadership style: These leaders take all decisions by themselves without asking anyone else for suggestion or anything. Such decisions may not be suitable for the employees working under him or his organization's resources aren't capable enough to work as he wishes and in turn hurts his own organization.
- For example, let's assume that, <em>a manager wants to make 20 eggs in an hour, but machine is only able to make 10 in an hour because it needs to cool down before going further. </em>
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Answer:
a salaried paralegal assistant at a law firm
- <em>Correct label: proletariat the head of printing press operations at a major newspaper </em>
- <em>Correct label: contradictory the owner of a large franchised restaurant </em>
- <em>Correct label: capitalist a freelance graphic artist </em>
- <em>Correct label: contradictory</em>
Answer:
A.) supply-side
Explanation:
Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.
A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.
A supply-side economist can be defined as economists who believes that the ability and willingness of the producers of goods and services to manufacture or produce sets the pace for the economic growth of a country.
This ultimately implies that, increasing the supply of goods and services would cause an economic growth for a country.
Hence, a supply-side fiscal policy is typically designed to create an outward shift in the production possibilities curve (PPC) and shift the aggregate supply (AS) curve to the left.
Generally, a supply-side fiscal policy takes a longer period of time to affect the economy of a country.
Answer:
d. $4,500
Explanation:
The computation of depreciation expense on the new equipment is shown below:-
For computing the depreciation expense on the new equipment first we need to find out the Depreciation per annum which is here below:-
Depreciation per annum = (Cost - Residual value) ÷ Life
= ($76,000 - $4,000) ÷ 8
= $72,000 ÷ 8
= $9,000
Depreciation for 1 year calendar (July 1 to Dec 31) = Depreciation per annum × 6 months ÷ Total number of months in a year
= $9,000 × 6 ÷ 12
= $4,500
So, the depreciation expenses for the year end up-to 31st Dec is $4,500
