The US Department of Commerce maintains the National Income and Product Accounts (NIPA).
<h3><u>Explanation:
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The Bureau of Economic Analysis is a subordinate agency working under the Department of Commerce of the federal government. This agency is responsible for preparing and managing the accounts of national income and product of the nation.
The accounting done by this agency renders data on two different levels which are national and industrial. The agency uses the double-entry bookkeeping method for the purpose of accounting.
Answer:
Perceptual set
Explanation:
Perceptual set: In psychology, the term perceptual set is also referred to as perceptual expectancy, and is defined as the phenomenon that involves a specific predisposition through which a person is ought to perceive distinct things in a particular way.
Fundamentally, a person notices only a few aspects of a particular situation or object and hence ignores the other given details. It is said that a perceptual set tends to happen in every sense.
In the question above, the given statement best illustrates the impact of "perceptual set".
Answer:
Mass society theory
Explanation:
Mass society theory states that the individual which feels less valued starts believing in ideals in order to find a sense of belongingness. This happens when the individual feels helpless and are in despair.
The ideals that are followed are extreme which causes harm to the individual. Hence, the statement here is referring to Mass society theory.
<u>Answer:
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It made economic sense to the government to fund the shoemaking course because it did not want the fraternity of shoemakers to get diverted to other professions and create an imbalance in the economy merely due to the influence of mechanization in the shoemaking industry.
<u>Explanation:
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- An imbalance created in any given economy due to the introduction of new and improved technologies can downgrade the economy drastically.
- When the employees lose their jobs, they also lose their capacity to spend on commodities along with that. When a large faction stops spending, it results in an economic slowdown.
- Hence, it is necessary for the government to take necessary measures to avoid any such happenings.
