Answer:
4. Economic policies manage taxes, while social policies provide public assistance.
Explanation:
Social policy:
The services like social service ,wale fare states are the social policies .These policy are usually within a political setting or governmental setting.
Economic policy:
These are the policies which sets levels of government budget, interest rates, money management and national ownership.Like collection of taxes.
So the option 4 is correct.
4. Economic policies manage taxes, while social policies provide public assistance.
Answer: The unit Product cost is $32.09
Explanation:
$
Add : Direct Material. 35
Add: Direct Labour 16
-------------
Prime Cost. 51
Add: variable manufacturing overhead. 15
Add: Fixed manufacturing overhead. 24,000
-----------------
Production cost. 24,066
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To determine the unit Product cost for the year we will divide the production cost by the unit produced
Production cost ÷ unit produced
Since the the production cost is $24,066 and unit produced is 750unit
24,066÷ 750
= 32.088
= 32.09
Therefore the unit Product cost is $32.09
Correct option: real value
The real value is the value of something (any product or service) in terms of other product or service while Nominal value is the value of something in terms of money. Here the value of college tuition which is a service is equal to the cost of Toyota Camry which is a product. Since the value of a service is equal to the value of a product, this is an example of real value.
