Answer: The correct answer is "e. occurs when there is a change in purchasing power as a result of a change in the price of a good.".
Explanation: The real-income effect <u>occurs when there is a change in purchasing power as a result of a change in the price of a good.</u>
The income effect corresponds to the variation in the quantity demanded of a good (or service) as a result of the modification of the purchasing power of purchase caused by a change in the price of the good in question.
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Answer:
a. hammocking
Explanation:
Hammocking is the practice in media broadcasting where an unpopular show is scheduled between two popular shows. This is done to increase the views for the unpopular show.
It is also used when a new show is introduced and when valuable content is being promoted.
Hammocking can cause high ratings for content that is weak.
The audience will be unwilling to change channels for the short time between the popular shows, so they watch the unpopular show to pass the time before the next popular show.
Use reputable, authoritative, unbiased sources for your statistics
Answer: d. revenues to be understated.
If the services have been rendered but the revenue is not recorded it means that your accounts will show less revenue than you have actually earned as in accounting revenue is recognized as soon as the service is rendered, thus not recognizing the revenue when the service is rendered will understate the revenues.
Explanation:
The GDP is measure that includes in it all of the final goods that have been produced in a particular economy, in a particular time frame, most commonly one year. This includes the investments, cost in infrastructure, additions to private inventories, all of the public and private consumption, government outlays, as well as the foreign trade balance. The GDP can be a good indicator about an economy, but it can also be misleading. It is a measure that is also often used to describe the economic power and the living standard of the countries, but that is not a good idea as the GDP is not a good indicator for it and gives wrong perception more often than not.
