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Nuetrik [128]
2 years ago
8

8. Problems and Applications Q8 Social Security benefits are increased each year in proportion to the increase in the CPI, even

though most economists believe that the CPI overstates actual inflation. True or False: If the elderly consume the same market basket as other people, then Social Security would provide an increase in their standard of living.
Business
1 answer:
qaws [65]2 years ago
5 0

Answer:

Social Security benefits are increased each year in proportion to the increase in the CPI, even though most economists believe that the CPI overstates actual inflation.

True

Explanation:

We realize that the elderly who receive Social Security do not consume the same market basket of goods and services as other people in the economy.  Assuming that the elderly do consume the same market basket as others, Social Security would provide the elderly with an improved standard of living each year since the Consumer Price Index (CPI), which represents a weighted average of a basket of goods and services, overstates inflation and Social Security payments are tied to the CPI.

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Answer:

$2,560,000

Explanation:

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Assets held for sale are no longer depreciated, but they must be recorded at lower value between carrying cost and fair market value. Since the fair market value is lower than carrying value, then an impairment loss results.

loss on discontinued operations = loss from operations 2019 + impairment loss = $1,800,000 + $760,000 = $2,560,000

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When museums charge a lower admission fee to students and senior citizens, this form of pricing is known as ________. third-degr
stellarik [79]
<span>When museums charge a lower admission fee to students and senior citizens, this form of pricing is known as price discrimination. 

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3 years ago
Read 2 more answers
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Gelneren [198K]

Unstructured Interviews are common in small businesses. Option C is correct.

<h2>What is an Unstructured Interview?</h2>
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Therefore, unstructured Interviews are commonly used in small businesses to get a deeper understanding of respondents' personal qualities related to work.

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The property of water that produces water's surface tension is called <u>cohesion</u>, which is the tendency of water molecules to stick together.

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The force per unit length that must be supplied parallel to the surface in order to balance the net inward pull is known as the surface's "tension."

All nearby molecules in a liquid share the cohesive forces that hold them together. Because they don't have any above-surface neighbours, molecules on the surface exert stronger attractive forces on their closest neighbours below and on the surface.

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