Answer:
The difference between the wages at the two jobs plus 150.00.
Explanation:
There was a contract of one year and as per Severance pay h and H has to pay this amount.
Answer:
The correct answer is d. Different economic models employ different sets of assumptions.
Explanation:
To approach the study of economic reality it is necessary, in some way, to simplify it; keep certain variables under control. Precisely for this, it is that economic models are built.
Economic models are built on principles of departure, called "assumptions." Such assumptions fulfill the same role as the postulates in geometry. That is:
- They are not subject to deduction from other more basic principles.
- They are "reasonably" true but not necessarily verifiable.
- They function as premises in the logical structure to deduce the conclusions and correlations found in the lowest levels of generality.
We can say then, that the theoretical explanations refer to invisible "relationships", whose existence is proposed by the theory, and whose implications are logically deduced, and then corroborated by observations. They consist of:
- Assumptions (eg subjects want to maximize their earnings).
- Relevant variables (eg price and quantity).
- Binding hypothesis (eg quantity demanded based on price).
- Conclusions or predictions of observable facts (eg prices will rise).
Answer:
The correct answer is (B)
Explanation:
Gross domestic product is the economic value of goods and commodities produced within the country in a specific period. GDP per capita is calculated by dividing GDP by the total number of population. In 1950 the GDP of American was 6000$, and in 2013 it was 48000$.
6000$ * 8 =48000$
An average American could buy 8 times more than the average American in 1950.
Answer:
The correct answer is letter "A": Agency Problem.
Explanation:
An Agency Problem occurs when a conflict of interest arises for an agent, a person acting on behalf of another person. The conflict of interest arises when the agent's own interests are different from those of the principal or the person being acted for. In the corporate world, the <em>Chief Executive Officer</em> (CEO) is an agent acting for the owners of the company: the <em>stockholders</em>.
