Answer:
d. the camry becomes an inferior good because the good is now perceived as lower in quality than a lexus
Explanation:
There are a number goods that over time, for a variety of reasons, transition from being a normal good to an inferior good or from being an inferior good to a normal good. One such example of a good is the Toyota Camry. In the 1980s, more income for a household usually resulted in more Camrys being purchased. However, today more Toyota Camrys are purchased by households that have experienced a reduction in income.
How could this happen?
<u>This could only have happened because of a change in perception in households over time. </u>
It is stated in the Scenario that ''today more Toyota Camrys are purchased by households that have experienced a reduction in income.''
<u>That means Toyota Camry has become an inferior good that is purchased more when income falls.</u>
<u>Hence, the only reason the scenario would have occurred is that the camry becomes an inferior good because the good is now perceived as lower in quality</u> than a lexus
Answer: are factors that have negative influence
Explanation:
Monetary policy is used to control the size of the money supply to stimulate or moderate business activity levels in the economy. in contrast, fiscal policy uses government spending and taxation to do the same.
<h3>What is monetary and fiscal policy?</h3>
Fiscal policy are the steps taken by the government to change the business levels in the economy. The tools of fiscal policy are taxes and government spending. Fiscal policy can be expansionary or contractionary.
Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes. Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes
Monetary policy are policies taken by the central bank of a country to shift aggregate demand. The tools of monetary policy are open market operations, reserve requirement and discount rate.
Expansionary monetary policy are polices taken in order to increase money supply. Contractionary monetary policy are policies taken to reduce money supply.
To learn more about monetary policy, please check: brainly.com/question/3817564
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Answer:
D. $80,000
Explanation:
When costs are incurred during manufacture, they are debited to the Work In Process Account.
Note that, ABC charges direct materials to WIP and indirect materials are charged to the Factory Overhead account.
Total Direct Materials = Total Materials Issued to Production - Indirect Materials Issued to Production
therefore,
Total Direct Materials = $110,000 - $30,000 = $80,000
Conclusion :
The debit to Work-in-Process Inventory account for materials is $80,000
Answer:
In the classroom and in the grocery store and house.
Explanation:
Hope this helps!
