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ivann1987 [24]
3 years ago
8

Over the past 40 years, technological advances have reduced the cost of computer chips. This has led to _____ in the supply of c

omputers, causing the price of computers to _____. Because computers and computer software are _____ , this change in price causes the demand for computer software to_____. However, computers and typewriters are _____ , so the charge in the price of computers _____ the demand for typewriters.
Business
1 answer:
xxTIMURxx [149]3 years ago
4 0

Answer:

an increase

fall

complements

increase

substitutes

reduces

Explanation:

computer chips are inputs used in the production of computers. If the cost of computer chips decreases, the cost of making computers reduces. This would increase the supply of computers.

When supply exceeds demand, price falls

Complement goods are goods used or consumed together. computers and computer software are complement goods. Due to the rise in computers, the demand for computer software would increase also.

Substitute goods are goods that can be used in place of other goods. Computers and typewriters are substitutes. Since the demand for computers have increased due to the fall in price of computer chips, less typewriters would be demanded for .

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Most economists believe that a cut in tax rates ___________.
Stolb23 [73]

Answer:

The correct answer is (B)

Explanation:

Tax is applied to decrease the budget deficit, as it helps to improve the government's revenue. Overall, a cut in tax rates has many benefits on the general economy, such as an increase in demand, and a decrease in inflation. Most economists believe that a cut in tax rates will positively affect the aggregate demand due to a decrease in overall prices of goods and services.

8 0
3 years ago
If a bank that desires to hold no excess reserves and has just enough reserves to meet the required reserve ratio of 15 percent
maria [59]

Answer:

c

Explanation:

Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank

Required reserves = reserve requirement x deposits

0.2 x $100,000 = $20,000

Excess reserves is the difference between reserves and required reserves

Required reserves = 0.15 x 600 = 90

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3 years ago
Which economic system has economic roles that are passed from generation to generation
jeka57 [31]
It is traditional economics
4 0
4 years ago
For many years, general electric had a corporate strategy of being among the top three firms in any market in which it operated;
Nostrana [21]

Decreasing their product mix.

If a company cannot meet their strategic goals for a product they may decide to stop the sale and production of that item all together to focus resources on better-performing goods.

8 0
3 years ago
The Latimore Company invested $8.5 million in a new plant in Italy when the exchange rate was 1.1500 euros to the dollar. At the
Maurinko [17]

Answer:

Latinmore made money on the exchange rate movement. It was an exchange rate gain of $369,566. The marginal tax impact was $147,826.

Explanation:

Since the standard practice in accounting is to reflect the current situation of the company, any change in the exchange rate that affects the assets of the company abroad must be recognized. The financial income of exchange gains are registered in the Income Statement and affects the base to pay income tax.

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