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RideAnS [48]
3 years ago
13

Keynes argued that a. monopolistic elements in the economy will prevent an immediate sharp fall in prices as a result of decreas

ing demand. b. supply creates its own demand. c. prices are flexible in a downward direction. d. wages are flexible in a downward direction.
Business
1 answer:
Scorpion4ik [409]3 years ago
6 0

Answer:

a. monopolistic elements in the economy will prevent an immediate sharp fall in prices as a result of decreasing demand

Explanation:

When there is recession the price of the factor goes down and with that, the insufficient demand for a certain good or services is eliminated. The reasoning is that the decrease in prices stimulates demand and adjust the market.

Keynes among other economist consider that unemployment increase during recessions because the nominal wages rate do not fall. As the union and worker do not want to see their wage decrease. Same is applied to prices which makes then inflexible in a downward direction.

While "supply creates its own demand" is "Says's Law" which is rejected in keynes main book "The general theory"

Hece option A is the only one which is true

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Stephanie is a twelve-year-old who often assists neighbors on weekends by babysitting their children. Calculate the 2013 standar
Delicious77 [7]

Answer:

a) $1,200

b) $1,850

c) $6,200

Explanation:

First ,we are to determine Stephanie's claims based on different circumstances using the 2013 standard deduction

a) Reported $850 earnings from babysitting - claim 1,200

For 2013, the minimum standard deduction is $1,000, hence Stephanie is able to claim the greater of the following two: The minimum standard deduction of $1,000 or her earned income of $850 + $350 which is $1,200. Stephanie can claim $1,200

b) Reported $1500 - Claim $1,850

For 2013, the minimum standard deduction is $1,000, hence Stephanie is able to claim the greater of the following two: The minimum standard deduction of $1,000 or her earned income of $1500+ $350 which is $1,850. Stephanie can claim $1,850

c) reported $6,200 - Claim $6,200

For 2013, the minimum standard deduction is $1,000, hence Stephanie is able to claim the greater of the following two: The minimum standard deduction of $1,000 or her earned income of $6200+ $350 which is $6,550. However, she can only claim $6,200 because as a 2013 the maximum standard deduction for a single person which is her filing status is $6,200

8 0
3 years ago
Miscavage Corporation has two divisions: the Beta Division and the Alpha Division. The Beta Division has sales of $285,000, vari
padilas [110]

Answer:

$880,000 is the net operating income

3 0
3 years ago
Help me please.. there is no option on here for Human Resources principals, so I jus clicked business as the subject..
Wewaii [24]

Answer:

C

Explanation:

Job Analysis is mainly related to the skills and qualifications of the person doing the job, so this would allow leadership to see if a position is over or understaffed.

3 0
2 years ago
Reynolds Manufacturers Inc. has estimated total factory overhead costs of $116,000 and expected direct labor hours of 11,600 for
Damm [24]

Answer:

Overhead= $17,000

Explanation:

Giving the following information:

estimated total factory overhead costs of $116,000

expected direct labor hours of 11,600

Job number 117 incurs 1,700 direct labor hours

First, we need to calculate the predetermined manufacturing overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 116,000/11,600

Predetermined manufacturing overhead rate= $10 per direct labor hour

Now, we can determine the amount of allocated overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 10*1,700= 17,000

5 0
3 years ago
In terms of the number of contracts as well as the dollar volume, what kind of contract constitutes the largest class of contrac
AlexFokin [52]

Answer:

The correct answer is The Sale of Goods.

Explanation:

The sale of goods constitutes the action by which furniture and real estate, securities and securities are disposed of at a certain price.

For legal purposes, the sale originates through a contract known as a sale, under which a good or service is transferred to a foreign domain for a previously agreed price.

The contract of sale is composed of personal, real and formal elements in order to establish the parties and their obligations and indicate the price and characteristics of the good or service for sale, which is why it is determined as a bilateral contract.

7 0
3 years ago
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