I believe the answer is: Economy
Economic growth in a country is measured with something called GDP (Gross Domestic Product) . GDP is calculated by counting all goods and services that produced by the nations in one year. Assuming that the market is in an equilibrium, the amount of GDP usually really close to people's purchasing power (ability to exchange money for goods and services.)
Answer and Explanation:
The preparation of the income statement is presented below:
Revenues
Fees earned $520,400
Total revenues $520,400
Less expenses:
Depreciation Expense $9,800
Insurance Expense $1,860
Miscellaneous Expense $3,920
Rent Expense $74,500
Salaries Expense $261,700
Supplies Expense $3,330
Utilities Expense $28,400
Total expenses $383,510
Net income $136,890
Answer: Infant Industry.
Infant Industry is when they has been an argument against a competitor. In this case, Alex is in a argument with the government - the government would be the competter in this case. Therefore, we have Infant Industry as our final answer.
This is ab example of a price floor. It is price that set by the government as a minimum price that would be imposed on a product. This value should be higher than that of the equilibrium price to be effective. It is used in order to prevent the prices to be too low.
Answer: A. positive but incorrect.
Explanation: The statement is positive but incorrect because macroeconomics does deal with industries, and firms but it is more concerned with the general economics or large scale factors like interest rates, national productivity, national income, Gross domestic product (GDP). This in general is what micro economics entails
