Answer: Option C
Explanation: In simple words, expenditures refers to the outflow of resources by an organisation for creating some service or good.
In the given case, the fund operated by the city of crescent billed them $30,000 and this outflow of money is made with the objective of providing support to the other departments.
Hence from the above we can conclude that this is an expenditure.
Limited amounts of food available because items are sold out.
A shortage exists when supply cannot keep up with demand.
Answer:
The correct answer is letter "E": liking.
Explanation:
The six (6) buyer-readiness stages are <em>awareness, knowledge, liking, preference, conviction, </em>and<em> purchase</em>. In the liking stage, the consumer feels positive about the goods or services. It is caused because of many factors such as advertising which adds value to the product making it seem inviting and reachable.
Answer:
A- 12
B- 1.09
C- 52.15%
Explanation:
A. The job finding rate (f) is the fraction of unemployed individuals who find a job each month. (f) is thus the inverse of the average spell of unemployment. Spell of unemployment was 1/12. Knowing that 1/12 is 0.083, then inverse it. 0.083^-1 = 12.
B. Separation Rate would be 11/12 or 0.917. Take the inverse of that 0.917^-1 = 1.09
C. natural rate of unemployment = rate of job separation / (rate of job separation + rate of job finding) = 1.09/1+ 1.09 = 52.15%. this shows that natural and unemployment is 52.15%.
The answer is normal goods.
A normal good, often known as a necessary good, refers to the degree of demand for the good in relation to wage growth or contraction rather than the quality of the good itself.
The relationship between income and demand for a typical good is elastic. To put it another way, changes in income and demand are connected positively or move in the same direction.
The amount by which the quantity demanded for a good changes in response to a change in income is measured as income elasticity of demand. It is employed to comprehend alterations in consumption habits brought by variations in purchasing power.
The income elasticity of demand for a typical good is positive but less than one.
Therefore, Normal goods demand will be more at the point during economic growth. So, inferior goods are sold more at the time of recessions due to less income.
Hence, in the given scenario, where Many gourmet shops go out of business during recessions since they sell almost exclusively normal goods.
Learn more about demand:
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