Answer:
an increase in equilibrium price and an indeterminate effect on equilibrium quantity.
Explanation:
An inferior good is a good whose demand increases when income falls and reduces when income rises.
If ramen is an inferior good, when income falls its demand would increase. This would lead to a rise in quantity and price.
An increase in the price of wheat would increase the cost of production of ramen. As a result, the supply of ramen would fall. Price would increase and supply would fall.
The combined effect would be an increase in equilibrium price but an indeterminate effect on equilibrium quantity.
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Answer:
Retirement planning is important because it can help you avoid running out of money in retirement. Your plan can help you calculate the rate of return you need on your investments, how much risk you should take, and how much income you can safely withdraw from your portfolio.
Explanation:
Answer:
C.Accounting Identity is: Assets equivalentLiabilities + Owners' Equity.
Explanation:
In accounting identity all variables must balance, if they do not balance according to the equation then there must be an error in formulation, measurement or calculation.
The basic assumption in accounting identity is that the balance sheet must balance. That is assets must be equal to a sum of liabilities and owner's equity.
Asset= Liabilities+ Owners Equity.
This relationship is based on the convention of double entry, for every debit there is an equal credit.
A form of CSR information that helps managers evaluate the savings generated by using fewer natural resources in a company's operations is known as an eco-efficiency measure.
<h3>
What are eco-efficiency and eco-effectiveness?</h3>
Eco-efficiency is a crucial step toward creating a more wholesome and sustainable environment, but it is just a part of the solution. Being eco-efficient actually entails doing less bad. We must aim for an all-encompassing solution and practice eco-efficiency. Eliminating all fossil fuels is the best path to eco-effectiveness.
Reduced emissions of hazardous substances, increased product durability and shelf life, a move toward renewable natural resources, a decrease in the material and energy intensity of goods and services, the adoption of recycling, and an increase in eco-efficiency are just a few of the numerous environmental advantages that eco-efficiency can provide.
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The type of strategy that is used by the Swedish company is what is referred to as exporting.
<h3>What is exporting?</h3>
Thisn is the term that is used in business and in commerce to refer to the fact that businesses are sending their products to other nations that ahve the need for them.
Exporting is a way that nations get the resources that they do not have in their home nations. Countries trade with themselves through imports and exports.
The company is sending its toys to South America, hence we can say that they are engaged in exporting of goods to the countries.
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