Answer:
a. How are price and quantity demanded related?
b. How should the government deal with the next recession?
Explanation:
A positive question is the kind of question the answer of which is simply yes or no. They ask about how one thing is rather than how something should be.
In above question, there are two questions which fall in the category of positive questions because of the way they are formed and what they are asking.
Answer:
increased
Explanation:
Data provided in the question:
Price of a gallon of gasoline in 1972 = $0.35
CPI in 1972 = 0.418
Price of a gallon of gasoline in 2005 = $2.25
CPI in 2005 = 1.68
Now,
Real cost in 1972 = [ Nominal cost in 1972 ] ÷ [ CPI in 1972 ]
= $0.35 ÷ 0.418
= $0.837
Real cost in 2005 = [ Nominal cost in 2005 ] ÷ [ CPI in 2005 ]
= $2.25 ÷ 1.68
= $1.34
Hence,
The price of gallon of gasoline increased between 1972 and 2005
That statement is true
Hospital and health insurance is not a government requirement , which is why companies are not obligated to give it to their employers. In general, only large companies had enough money to provide their workers with hospital and health insurance, while Companies often cut out hospital and health insurance in order to increase their net profit.
Answer:
In 1980
Explanation:
Year Salary Percentage Salary Increase CPI Increase
1970 $12,000 - -
1980 $24,000 100 50
1990 $36,000 50 83.3
As can be seen in the table, the Professor's salary increase from 1970 to 1980 was twice as much as the CPI increase during the same period.
On the contrary, his salary increase from 1980 to 1990 was significantly less than the CPI increase during the same period.
Therefore, the professor's salary was highest in 1980.
