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3 years ago

The term inferior goods refers to what kind of goods?b

2 answers:

8 0

The term inferior goods refers to goods that consumers demand less of when their incomes increase. The demand of this good would also decrease when the real GDP of the country increases. This would happen when a good would have a substitute that has more cost or price which would have an increase its demand as the people improve their income. An example would be coffee. A coffee from Mcdonald would be inferior to the coffee that is from Starbucks. When a person's income decrease, he would tend to buy coffee daily from McDonald since it is more affordable as compared to Starbucks. However, when his income rises, he would be preferring the one from Starbucks.

Zigmanuir [339]3 years ago

7 0

Answer:

Goods that consumers demand more of when their income increase!!!!!!!

Explanation:

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Inicell Inc., an American camera manufacturing company, wanted to import a few camera parts from Ruelia, an Asian company. Howev

jonny [76]

Answer:

B. tariff

Explanation:

A tariff is a form of tax imposed on imported goods by a country .

Quotas place a limit on the quantity of goods that can be imported.

Embargo prohibits the sale of certain goods.

Voluntary export restraint is when an exporting country limits the amount of goods it exports.

I hope my answer helps you

8 0

3 years ago

Thick fish steaks are also known as Viscera Fillets Fins Darnes

Wewaii [24]

Answer:

Thick fish steaks are also known as fillets 

Explanation:

Filets do not contain any bits of the more prominent bones, yet a few species have littler, intramuscular bones (called pins) inside the tissue.

A fish filet, from the French word filet, which means a string or strip, is the substance of a fish that has been removed or cut from the bone by cutting the long way along one side of the fish parallel to the spine. In anticipation of filleting, any scales on the fish ought to be expelled.

7 0

4 years ago

A minimum wage that is set below a market's equilibrium wage will result in

STatiana [176]

Usually, a minimum wage that is set below a market's equilibrium wage will result in an excess demand for labor, which is, a shortage of workers.

<h3>What is a market's equilibrium wage?</h3>

The equilibrium market wage refers to an intersection of the supply and demand for labor wage.

The minimum wage means the ceiling wage that must be paid to the labor.

Hence, when a minimum wage is set below a market's equilibrium wage, it will result in an excess demand for labor, which is, a shortage of workers.

Therefore, the Option B is correct

Read more about equilibrium wage

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3 0

2 years ago

An organization services clients all over the United States. The products and services are different throughout the regions of t

natima [27]

Answer:

Geographic departmentalization

Explanation:

Departmentalization is a process of grouping activities, jobs and people in an organization into departments.

When an organization has its clients located in different regions of a country, it is best to adopt the geographic departmentalization.

This involves grouping the its activities based on geographic territory, so it can maintain better control and provide products and services that specifically suit the needs of its clients in each region or territory.

7 0

3 years ago

A manufacturer reports the following costs to produce 30,000 units in its first year of operations: Direct materials, $30 per un

lubasha [3.4K]

Answer:

$53,019

Explanation:

Step 1 : Determine the unit product cost

Unit product cost under variable costing consist of only variable manufacturing costs.

Unit product cost = $30 + $26 + ($300,000 ÷ 29,200)

= $66.27

Step 2 : Calculate value of the inventory

Value of the inventory = Unit product cost x units in inventory

= $66.27 x 800

= $53,019

Under variable costing, the value of the inventory is $53,019.

5 0

3 years ago