Answer:
Positive statement
Positive statement
normative statement
normative statement
Explanation:
Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.
For example, the statement - the lack of effective regulation contributed to a risk-seeking culture in the financial services industry- can be test empirically
Normative economics is based value judgements, opinions and perspectives. For example, the statement - Central banks should have imposed tighter regulations on banks to prevent the financial crisis- is based on opinion. Everyone would have an opinion on what the Central bank should have done
Answer: Rs. 120,000
Explanation:
At the end of the year, both assets and liabilities had doubled. New asset and liability figures are therefore:
Assets = Rs. 200,000
Liabilities = Rs. 100,000
Net income is part of equity and as there is no equity, net income must be the entire equity.
Assets = Equity + Liabilities
200,000 = Equity + 100,000
Equity = 200,000 - 100,000
= Rs. 100,000
From this Net income, dividends were distributed to the tune of Rs. 20,000. This should be added back to see the full figure.
= 100,000 + 20,000
= Rs. 120,000
Conjunctural unemployment is the low rate of employment in an economy due to recessions and crises.
<h3>What are the names given to characteristics of the job market?</h3>
1.H
2. A
3. F
4. G.
5. C.
6. B.
7. E.
8. I.
9. D.
With this information, we can conclude that Conjunctural unemployment is the low rate of employment in an economy due to recessions and crises.
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Answer:
Break-even point (dollars)= $150,000
Explanation:
Giving the following information:
Selling price= $130
Unitary variable cost= 130*0.6= $78
Fixed costs= $40,000
Desired profit= $20,000
<u>To calculate the sales in dollars to reach the desired profit, we need to use the following formula:</u>
<u></u>
Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio
Break-even point (dollars)= (20,000 + 40,000) / [(130 - 78) / 130]
Break-even point (dollars)= 60,000 / 0.4
Break-even point (dollars)= $150,000