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Colt1911 [192]
3 years ago
15

Suppose two economists are arguing about policies that deal with unemployment. One economist says, " the government could lower

unemployment by one percentage point if it would just increase government spending by 50 billion dollars". The other economist responds, " Hogwash. If the government spent an additional 50 billion dollars, it would reduce unemployment by only one tenth of one percent, and that effect would only be temporary". These economists:
Business
1 answer:
Nikitich [7]3 years ago
8 0

Answer:

The correct answer is Disagree because they have different scientific judgements.

Explanation:

Obviously, what is demonstrated in the previous situation is that the two economists think differently. For this reason, they have different judgments from a training that allows them to recognize the events and propose alternatives to the problems presented.

Value judgments are the criticisms or comments that all people make towards other people or things depending on our perspectives or tastes.

Scientific judgments are always objective and are made with the scientific method, and are made with observation and verification.

We make moral judgments based on the "good or bad" human acts of a person and thus to discover their morality.

You might be interested in
he following balance sheet contains errors. Mark Brock Services Co. Balance Sheet For the Year Ended December 31 Assets Liabilit
zhannawk [14.2K]

Answer:

$97,645

Explanation:

Preparation of Mark Brock Services Co corrected balance sheet :

Mark Brock Services Co. Balance Sheet December 31

Assets

Current assets:

Cash$ 7,170

Accounts receivable10,000

Supplies2,590

Prepaid insurance800

Total current assets $20,560

Property, plant, and equipment:

Land$24,000

Building$43,700

Less accumulated depreciation( 12,525)

Equipment$29,250

Less accumumulated depreciation (7,340)

Total property, plant,and equipment 77,085

Total assets (77,085+20,560) $97,645

Liabilities

Current liabilities:

Accounts payable$ 7,500

Wages payable1,500

Total liabilities$ 9,000

Owner's Equity

Capital 88,645

Total liabilities and owner's equity (88,645+9,000) $97,645

6 0
3 years ago
The adjusting entry for a prepaid expense includes a debit to a(n) ______ account
ziro4ka [17]

The adjusting entry for a prepaid expense includes a debit to a expense account and a credit to an asset account.

<h3>What is adjusting entry ?</h3>

An adjusting journal entry  can be described d as the  entry in a company's general ledger which is been carried out at end of an accounting period in order to have the record of any unrecognized income or expenses.

It should be noted that The adjusting entry for a prepaid expense includes a debit to a expense account and a credit to an asset account.

Find out more on adjusting entry at :

brainly.com/question/13933471

#SPJ1

4 0
2 years ago
Successful product differentiation:
Kryger [21]

Answer:

The correct answer is letter "D": can be based on either real or perceived differences in products.

Explanation:

Product differentiation is a marketing tool companies used to distinguish their products or services from the competitions. Generally the more a product is differentiated and, thus, made unique, the more a company can charge for it. Product differentiation is usually <em>subjective </em>since its goal is to change customer's perception of the benefits of a product over another. Though sometimes the information provided can be objectively true.

7 0
3 years ago
A consumer products company has collected some data relating monthly demand to the price of one of its products: 4. Price Demand
cestrela7 [59]

Answer:

Linear function. It is actually a negative linear graph. for the products prices increases, there was a noticeable decrease in demand

slope y=-225/8x+19275/8

y=1987.5

y=1903.125

Explanation:

A consumer products company has collected some data relating monthly demand to the price of one of its products: 4. Price Demand $111100 2,100 $13 2,020 1,980 1,875 $19 What type of model would best represent these data?

Linear function. It is actually a negative linear graph. for the products prices increases, there was a noticeable decrease in demand

slope is

m=y2-y1/(x2-x1)

PICKING TWO POINTS

(11,2100) and (19,1875)

m=1875-2100/(19-11)

m=-225/8

as the slope

(11,2100). y=mx+b or

2100=-225/8 × 11+b,

solving for b: b=2100-(-225/8)(11).

b=19275/8.

(19,1875). y=mx+b or 1875=-225/8 × 19+b, or solving for b: b=1875-(-225/8)(19).

b=19275/8. is the intercept

y=mx+c is the equation of  line graph

y=-225/8x+19275/8

when x=15

y=1987.5

when x=18, y=

-225/8(18)+19275/8

y=1903.125

6 0
3 years ago
Justin Slugger is about to sign a contract with the Columbus Homers. The professional baseball team has given him two options of
Andrej [43]

Answer:

Option 1 Present value = $18,181,818.18

Option2 Present value = $20,916,718.64

Option 2 which is an annuity for 15 years is a better option as it has a higher present value than option 1.

Explanation:

To decide the better option, we need to calculate the present value of option 1 which is the lumpsum and the present value of option 2 which is an annuity and compare these values.

The present value of option 1 can be calculated as follows,

Option 1 Present value = Future value / (1 + r)^t

Where,

  • r is the rate of return of interest or discount rate
  • t is the time in years

Option 1 Present value = 20,000,000 / (1+0.1)^1

Option 1 Present value = $18,181,818.18

The present value of option 2 can be calculate using the formula of present value of annuity due as the payments will be made at the start of the period. The formula for present value of annuity due is attached.

Option2 Present value = 2,500,000 + 2,500,000 * [(1 - (1+0.1)^-14) / 0.1]

Option2 Present value = $20,916,718.64

Option 2 which is an annuity for 15 years is a better option as it has a higher present value than option 1.

7 0
3 years ago
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