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Marina86 [1]
2 years ago
5

Macroeconomics is best defined as the study of

Business
1 answer:
just olya [345]2 years ago
7 0

Answer:

1. the overall operation of the national and global economy.

2. The B she received on the exam.

3. the slope of the graph is negative.

4. the slope of the graph is positive.

5. graphically illustrates the concept of scarcity.

6. increasing opportunity cost.

Explanation:

1. Macroeconomics is best defined as the study of the overall operation of the national and global economy.

Macroeconomics can be defined as the study of behaviors, performance and factors that affect the entire economy. Hence, it focuses on aggregate phenomena such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.

2. The opportunity cost of going to the beach is the "B" grade she received on the exam.

In Economics, opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

Thus, the value of the opportunities lost (scoring an "A" grade) by going to the beach is the opportunity cost of her choice.

3. When two variables have an inverse relationship, then the slope of the graph is negative.

An inverse relationship can be defined as a relationship between two variables, in which an increase in the value of one variable leads to a decrease in the value of the other variable i.e as the value of one variable becomes large, the value of the other variable becomes small.

4. When two variables have a direct relationship, then the slope of the graph is positive.

A positive relationship or correlation can be defined as the relationship between two variables in which there exist a direct relationship between them i.e as one variable increases, the other increases and vice-versa.

5. The production possibilities curve graphically illustrates the concept of scarcity.

The production possibilities curve (PPC) is also known as the production possibilities frontier (PPF) and its a curve which illustrates the maximum (best) combinations of two products that can be produce in an economy if they both depend on these factors;

1. Technology is fixed.

2. Resources are fixed.

6. A production possibilities curve that is concave or bowed out from the origin represents increasing opportunity cost.

The production possibilities curve (PPC) is depicted graphically as an arc, by representing one good on the y-axis and the other on the x-axis.

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kenny6666 [7]

When performing work, there are specific requirements depending on which work Hayleah performs and these are <u>B) </u><u>Government </u><u>auditing </u><u>continuing education </u><u>requirement</u>

When dealing with governmental accounting:

  • There are certain rules that must be followed.
  • The specific rules imposed are to ensure better management of tax payer funds.

As a result, when a California CPA is involved in governmental work, specific rules known as the government auditing continuing education requirements will most likely apply.

In conclusion, option B is correct.

Find out more about different accounting standards at brainly.com/question/24441480.

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2 years ago
Select the correct answer.
scZoUnD [109]
B i hope it work tho
5 0
3 years ago
Low-income countries have cultures that value ________
victus00 [196]
Low-income countries have cultures that value economic survival. These type of countries do not have a lot of high paying jobs and the job market is very unstable, so citizens find it imperative to have enough income to survive. These types of countries do not have much in the way of entertainment culture or pop culture, due to people having so little extra money to spend on both.
8 0
3 years ago
The following labor standards have been established for a particular product:
swat32

Answer:

$2,430F

Explanation:

The formulae for labor rate variance is given as (Actual rate - Standard rate) × Actual hours worked.

Labor rate variance = (Actual rate - Standard rate) × Actual hours worked

Given that;

Actual rate = Actual total labor cost ÷ Actual hours worked

= $119,880 ÷ 8,100

= $14.8 per hour

Standard rate = $15.10 per hour

Actual hours worked = 8,100

Labor rate variance = ($14.8 - $15.10) × 8,100

Labor rate variance $2,430F

8 0
3 years ago
Suppose that when the price of a good is $15, the quantity demanded is 40 units, and when the price falls to $6, the quantity in
Paraphin [41]

Answer:

(A) -5/6

Explanation:

Price elasticity of demand = % change in quantity demanded ÷ % change in price

% change in quantity demanded = (60-40)/40 × 100 = 20/40 × 100 = 50%

% change in price = ($6-$15)/$15 × 100 = -$9/$15 × 100 = -60%

Price elasticity of demand = 50% ÷ -60% = -5/6

8 0
3 years ago
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