Answer:
Net worth is the value of all assets, minus the total of all liabilities. Put another way, net worth is what is owned minus what is owed. it can help you identify areas where you spend too much money
Answer:
No, these two rules are not inconsistent.
Explanation:
A profit-maximizing firm will hire the number of workers such that the wage is equal to the value of the marginal product of labor.
But, a profit-maximizing firm will also produce the quantity of output at the level where price equals marginal cost.
But this does not mean that these two rules contradict or are not consistent. Hiring workers at the level where their wage is equal to the marginal product of labor helps the firm in reaching the point where the price of the product is equal to the marginal cost of production.
Answer:
c. economic success was available to anyone who worked hard.
Explanation:
In the late nineteenth-century (the year subsequent to the civil war 1865 to 1900)
The american society didn't not have a caste or royal society with nobles or lord like English, French or Germans did.
They were all under the impression that the american dream could be ahcieve with hard work besides, pretty much all the people living in the US during that time were inmigrants or sons of inmigrants thus, there wans't an stablished order all was here for the taken.
Answer:
(B) False
Explanation:
In fact, if assets have a fixed monetary value, increasing the overall price level (inflation) will reduce the real value of these assets. Thus, the purchasing power of the holders of these assets will decrease. However, it is not correct to say that the holders of these titles have reduced their spending, since what determines spending is individual perceptions and needs. Some of the holders may decrease their spending in the face of an inflationary process, but others may maintain or even increase their spending.
There are a lot of factors to consider in increasing minimum wage.
In the pro side, minimum wage workers will be happy if their wage is increased because their take home pay will be higher.
However, if this increase will be implemented, a lot of business owners, especially small businesses, will be forced to relieve some workers of their position as well as be discouraged to hire more workers. This is because the salary for new hires will be used for the increase. Increasing minimum wage will also result to the increase of the wages of the existing workers, to ensure that they are equally treated.
