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3 years ago

Who determines whether a good is normal or inferior?

Business

1 answer:

icang [17]3 years ago

8 0

Answer:

Explanation:

Determining whether a good is normal or inferior depends on individuals. When there is a rise in the income of a person and he/she buy more of a good, it shows that good is normal. When there is a rise in a person income and there is a decrease in the demand for goods, then the product is inferior.

Therefore, it is an individual who determines whether a good is normal or inferior. Thus option A is correct.

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An increase in real interest rates in the United States a encourages U.S. residents to buy U.S. assets, but discourages foreign

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Answer:

d. encourages both U.S. and foreign residents to buy U.S. assets.

Explanation:

The interest rate in a country has influence on the capital of it.

When the real interest rates in the United States increase, the U.S. assets have higher value so that become attractive to funds. Thus, it encourages both foreign and U.S. residents to buy U.S. assets.

Besides, when the real interest rate in the U.S. increases, it encourages the U.S residents to save more U.S. assets and discourage them from purchasing foreign assets

=> The net capital inflow in U.S would increase

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3 years ago

[4] Based on 8% interest compounded annually from day of deposit to day of withdrawal, what is the present value today of $4,000

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Answer: The correct answer is "C. $4,000 × 0.681 × 0.926.".

Explanation: If we want to know the present value of $ 4000 that will be received within 6 years from today. Having the update factors for only 5 periods First we multiply the capital ($ 4000) by the factor for 5 periods and then multiply it by the factor for 1 period to complete the 6 periods.

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4 years ago

Suppose Cathy and Lewis work in a bakery making pies and cakes. Suppose it takes Cathy 1.5 hours to make a pie and 1 hour to mak

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Answer:

D. Cathy should specialize in pies, and Lewis should specialize in cakes

Explanation:

For determining which statement is correct first we need to find out the

Cathy Opportunity cost for making a pie is

= 1 ÷ 1.5

= 0.66 cake

Now for making a cake is

= 1.5 ÷ 1

= 1.5 pies

Lewis opportunity cost for making a pie is

= 1.5 ÷ 2

= 0.75 cake

And for making a cake is

= 2 ÷ 1.5

= 1.33 pies

Therefore the option D is correct

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4 years ago

Bob Roberts founded Robertico, an equipment leasing company, three decades ago. Although he is now in his seventies, he still ha

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Answer:

Letter A is correct. <u>Autocratic.</u>

Explanation:

An autocratic buying center culture is characterized by a person who is empowered to make purchasing decisions alone, although there may be other participants who are empowered to give information and opinions regarding a particular purchasing decision, but the last word about a The decision will always be made by one person, even if the other team members have a contrary opinion.

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4 years ago

A trader wishes to unwind a position of 200,000 units in an asset over eight days. The dollar bid–offer spread,as a function of

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Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

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4 years ago