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Mnenie [13.5K]
3 years ago
13

The full process to create a product or service is called a ___?

Business
1 answer:
maw [93]3 years ago
8 0

Answer:

D sole proprietorship I think

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The ________ states that it can be beneficial for two countries to trade without barriers as long as one is relatively more effi
Maslowich

Answer:

Comparative Advantage

Explanation:

The assumption of Comparative Advantage theory is that there is no barrier.

It is explained in the model that if each country focuses on what it does best relatively then both countries together can produce more of each good/service using all their labor.

Then they can trade with each other and benefit. (To trade they must produce what the other need)

8 0
3 years ago
In a simple economy​ (assume there are no​ taxes, thus Y is disposable​ income), the consumption function is Upper C equals 1000
Oduvanchick [21]

Answer:

Autonomous consumption is <u>$1,000</u> and the marginal propensity to consume is <u>0.9</u>.

A consumer whose income increases by​ $100 will increase consumption by <u>​$90</u>.

Explanation:

Given C = 1000 + 0.9Y

Autonomous consumption refers to consumption expenditure of consumers that does not depend on income. Therefore, autonomous consumption is therefore the consumption expenditure made by the consumers when they do not have income or when income is zero (i.e. when Y = 0).

Substituting for Y = 0 into the consumption function, we can obtain autonomous consumption is follows:

Autonomous consumption = 1000 + (0.9 * 0) = 1,000

The marginal propensity to consume refers to the proportion of the increase in disposable income that is spent on the consumption of goods and services by a consumer. From the consumption function, the marginal propensity to consume is 0.9.

Since marginal propensity to consume is 0.9, a consumer whose income increases by​ $100 will therefore increase consumption by $90 (i.e. $100 * 0.9 = $90).

7 0
3 years ago
Based on the Taylor Rule use the following information to calculate the target federal funds rate.
Gnesinka [82]

Answer:

8.0 %

Explanation:

inflation gap = 3 - 2 = 1

=3 + 2 + (.5 x 1) + (.5 x 5)

= 8.0

4 0
3 years ago
The _____ is the product of the percent complete and the sum of the estimated costs of all the specific activities that make up
____ [38]

The answer is the total budget cost. It is the one responsible of the expense that the company needs and the estimated expense that they had used that may be of use as their basis and for the their future  period.


7 0
3 years ago
What does surplus mean in Economics?
jenyasd209 [6]
A surplus<span> is used to describe many </span>excess<span> assets including income, profits, capital and goods. A </span>surplus<span> often occurs in a budget, when expenses are less than the income taken in or in inventory when fewer supplies are used than were retained. </span>Economic surplus<span> is related to supply and demand</span>
6 0
3 years ago
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