False it is not a true statement.
Answer:
The correct answer is (a)
Explanation:
A codicil is an additional method which is used to amend, transform and modify the original will. It is also used to change the executor of the will. A codicil is only valid if the new changes are made by considering the original will. It helps to make changes in the will without writing down a completely new one.
Answer:
0
Explanation:
Economic profit = accounting profit - implicit cost
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives
accounting profit = revenue - explicit cost
Explicit cost includes the amount expended in running the business.
100,000 - (25,000 + 40,000 + 25,000) = 10,000
economic profit = 10,000 - 10,000 = 0
Answer: The effects of the one- time investment in the short run will lead to a reduced aggregate consumption while in the long run the new growth path will surpass the original growth path eventually.
Explanation: Endogenous growth theory holds that economic growth is primarily the result of endogenous and not external forces. The theory holds that investment in human capital, innovation, and knowledge are significant contributors to economic growth.
The new public school building is a one-time investment which lowers the growth path of consumption with no change in the growth rate. The increase in efficiency with whichever human capital is accumulated increases the growth rate of the economy.
In the short-run, the effect on the economy is that it gets a one-time reduction in consumption while in the long run, the new growth path goes beyond the original growth path at the end.
Answer:
The correct answer is B
Explanation:
Appropriate use of the finite multiplier formula will reduce the calculated sample size and save money when performing research on small populations.
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