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3 years ago

Most goods can be classified as normal goods rather than inferior goods. The definition of a normal good means that:

Business

1 answer:

ra1l [238]3 years ago

6 0

Answer:

A normal good is a good whose demand increases when income increases

Explanation:

Normal goods are goods that are goods whose demand increases when income increases and falls when income falls

Inferior goods are goods whose demand falls when income rises and increases when income falls.

For example, if when your income was $100,000 per annum, you had one car but when it increased to $500,000, you bought two more cars. Car is a normal good

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In the labor discipline model, and increase in unemployment will: A. increase workers’ employment rents and increase workers’ ef

diamong [38]

Answer: Option (D) is correct.

Explanation:

In the labor discipline model, an increase in unemployment will decrease workers’ employment rents and decrease workers’ effort level.

An increase in the unemployment, will shift the bargaining power towards employers. So, they are taking advantage of this situation by reducing the wage rate because they know that workers don't have much options of employment.

Now, employers giving lower wage to the workers, as a result this will discourage workers for giving their full effort to the work.

8 0

3 years ago

All of the following are aspects of advertising except Multiple Choice a. it must be carried by some medium. b. legally, the sou

oksano4ka [1.4K]

Answer:

d. it is used to sell only products.

Explanation:

The economic roles of advertising includes the values of the products and effects in the pricing and effects of the customers demands and the impacts on the business cycles.

Includes mediums and legal source of the message that must be known and its a persuasiveness form of communication and can be used to gather data and opinion and is more than sale of a product.

3 0

4 years ago

Mutual funds charge ____:

Bezzdna [24]

Answer: Option C

Explanation: The mutual funds generally charge both management fees and performance fees from the investors.

The management fees is determined upon the level of investment initially and generally remains fixed over the lifetime of the fund. Whereas, the performance fees is variable in nature. The performance fees is determined as a percentage of profit made by the fund in a particular year.

Thus, from the above we can conclude that the right answer is option C.

5 0

3 years ago

A portion of microeconomics examines:

Alex17521 [72]

<span>The answer is letter C: A portion of microeconomics examines how individual firms/households make choices, </span><span>how individual householdshouseholds make choices, such as how they react to changes in product prices </span>which makes it as a primary difference between macroeconomics and microeconomics because macroeconomics examines the economy as a whole.

8 0

3 years ago

The CFO of Daves Industries plans to have the company issue $300 million of a new common stock and use the proceeds to pay off s

Maslowich

Answer:

D. The company’s net income would increase.

Explanation:

The payment of outstanding bond which carry 7% interest rate will decrease the interest expense. With constant operating income the reduction in interest expense results in increase in Taxable income, tax expense and net income as well. So the correct answer is D. The company’s net income would increase.

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3 years ago