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3 years ago

By not taking into account the possibility of consumer substitution, the CPI

Business

1 answer:

algol [13]3 years ago

7 0

Answer:

(B) overstates the cost of living.

Explanation:

By not taking into account the possibility of consumer substitution, the CPI

overstates the cost of living.

This one of the limitations of the CPI which is Consumer product index.

CPI is the weighted index of goods purchased by consumers. It does not take into account the availibilty of substitute goods in market and hence over estimates the living cost.

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The standard direct labor hours allowed is computed as a.Unit Labor Standard × Actual Output. b.Unit Labor Standard × Practical

Vladimir [108]

Answer:

a. Unit Labor Standard × Actual Output.

Explanation:

The standard direct labor hours allowed is the number of hours held for per unit based on the actual number of units produced. It can be determined by multiplying the unit labor based on standard per hour with the actual output

In mathematically,

Standard direct labor hours allowed = Unit Labor Standard × Actual Output

Hence, all other options are wrong

5 0

3 years ago

Determine whether each of the following transactions contributes to the calculation of GDP as total spending, then, identify the

scoray [572]

Answer:

Michelin sells tires to Nissan to install on their 2019 Sentras that are produced and sold in the United States.

Not included in the GDP since tires are a component of new cars, they are not a final product.

American consumers import $3.5 billion of woven apparel from Bangladesh.

Included in the GDP as imports, which reduce total net exports (NX).

The U.S. government spent $523.1 billion on national defense.

Included in the GDP as government spending (G).

Entrepreneur and Shark Tank investor Barbara Corcoran purchases 15% of Cousins Maine Lobster food truck company for $55,000.

Not included int he GDP since sale of stocks or ownership stakes at businesses are not considered final goods or services.

8 0

3 years ago

An integrated circuit manufacturers annual cost of holding inventory is 48 percent. What inventory holding cost (in $) does it i

Shalnov [3]

Answer:

448

Explanation:

Because you add them up divide by 2 and times by 4

8 0

3 years ago

What are the 5 types of insurance

fenix001 [56]

Answer:

- Health Insurance

- Auto/Car Insurance

- Life Insurance

- Renters/Home Insurance

- Disability Insurance

Explanation:

There are other forms or insurance including: Liability, Worker's Compansation, and Errors and Immisions.

But the ones listed above are the general types.

Hope this helps!! <3

3 0

3 years ago

the cheap foreign ______ argument says that trade protection is required to ensure that cheap imports do not flood u.s. markets,

GalinKa [24]

The cheap foreign Labour argument says that trade protection is required to ensure that cheap imports do not flood u.s. markets, dragging down prices of goods and u.s. wages. This is further explained below.

<h3>What is foreign Labour?</h3>

Generally, Those who work in a nation other than their own but have no intention of permanently relocating there are considered foreign workers since they do not have citizenship in the country where they are employed.

In conclusion, The idea that trade protection is needed because of cheap imports flooding the market and driving down prices and U.S. wages is known as the "cheap foreign labor" argument. More detail about this is provided below.