Answer:
d. Matt's statement is positive while Jean's statement is normative
Explanation:
A positive statement can be defined as any statement that is typically based on empirical evidence and as such can be tested, proven and verified. Also, a positive statement can be amended or rejected based on evidences that are available.
On the other hand, a normative statement can be defined as any statement that can't be tested, proven or verified because it is judgmental and based on opinions.
In this scenario, Matt observes that "there is a high correlation between educational attainment and the level of income." Jean concurs and adds that "high school graduates should all proceed to college"
Hence, Matt's statement is positive because it is an observation based on empirical evidence while Jean's statement is normative because it's simply his opinion or a value judgment.
Answer:
False, it is not true that France had the highest level of real GDP per capita in 2019. There were other economies which performed better than France.
The correct option is Privatization of previously nationalized industries because Privatization of nationalized bank contributed to UK's growth.
Explanation:
Answer:
Interest revenue = $7800*8%/360*60
Interest revenue = $104
Date Journal Entry Debit Credit
Cash $7,904
Notes Receivable $7,800
Interest Revenue $104
Answer:
0.73 or 73%
Explanation:
Return on investment (ROI) shows the benefit an investor receives in relation to their invested amount. It is expressed as a ratio or a percentage of the net income against the investment's cost.
It is calculated using the formula below.
ROI = returns( profits)/ cost of investments.
For Lena, the cost of investment is $52,000( cost of the degree). The returns for one are the earnings in the year, which is $38,000.
ROI= $38,000/ $52,000
ROI =0.73 or 73%
There is a surplus, as you can see, the quantity supplied is more than the quantity demanded.
