Answer:
P-value = .010444, this means it is statistically significant or probable that the proportion of people who are confident is larger than 70% at the 0.05 significance level.
Explanation:
Population proportion, p = 0.70
Number of people taken in a sample, n = 700
Sample proportion, = 0.74
State the hypotheses:
H
₀:p = 0.70
Hₐ
:p < 0.70
one-tailed test, we must calculate z test statistic:
z = ( - p) / √{[p(1 - p)]/n}
z = (0.74 - 0.70) / √{[0.70(1 - 0.70)]/700} = 2.31
z = 2.31
using a table we can find out P-value for Z = 2.31:
P-value = .010444, this means it is statistically significant or probable that the proportion of people who are confident is larger than 70% at the 0.05 significance level.
Answer:
C. Variable inflation is associated with high transaction costs
Explanation:
Because of uncertainty about future inflation, it may not uncertain relative to its price change. Therefore, option A is not correct.
In order to maximize financial position, inflation harms borrowers and helps lenders, so option B is also incorrect.
Option C is correct because variable inflation is associated with high transaction costs in order to maximize the financial position. For example, if the inflation rate is 5% during first quarter, the price level is not much to disrupt the financial position. Again, in the next quarter, if the inflation rate changes to 4%, the position will be effective more. However, if it increases, it will not affect too much.
Answer:
D) Outcome-based ethics
Explanation:
Outcome-based ethics proposes that people should act in ways that help them achieve desired outcomes, whether those ways are morally acceptable or not.
In the question, Steaks n' Fries management is worried about the outcome (revenues), instead of other type of things to consider such as consumer protection or social responsability. They are acting under a system of outcome-based ethics.
Hello! Public goods are goods that are 1) non-rivalrous and 2) non-excludable. Non-rivalrous means that continuous consumption of these goods will not diminish its quantity for other consumers while non-excludable means that consumers (regardless of whether or not they paid) cannot be excluded for consuming the good. Software is an example of a public good.
Now, because of the non-exclusion nature of these goods, private firms will have the free-rider problem (those consumers who use the good without paying). Because of the non-rivalrous nature they are also bound to have a huge demand and therefore they will have a tendency to underproduce hence these goods will be unprofitable.
Lastly, since not all is bound to pay for these public goods, the price system cannot assign the cost to all consumers.
This leaves us with choice D as the only reason why private firms do not produce public goods.
ANSWER: D. the government refuses to grant subsidies to firms who provide public goods
Answer:
The answer is because people should know who is coming into office, but they do not have the right to know why someone is being fired for private reasons.
Explanation:
It’s important for the hiring discussion to be made public by the city council since it relates to the use of public funds to compensate these additional workforces. In contrast, firing processes do not relate to incurring funds and thus the public does not need to know about the reasons of the firing.