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iren [92.7K]
3 years ago
11

Match the economic scenario to the relevant characteristics. Increase in savings increase in unemployment more demand for funds

among borrowers increase in government borrowing increase in price of products economic recession economic expansion
Business
1 answer:
Elan Coil [88]3 years ago
3 0

Answer:

Economic expansion

  • Increase in savings

The economy is expanding which means that people have access to higher wages. This will enable them to save more.

  • More demand for funds among borrowers

As the economy is expanding, people will borrow to consume more as well as to invest which will lead to a higher demand for borrowed funds.

  • Increase in price of products

With more people able to afford goods and services, prices will increase as there is now more demand for those goods.

Economic recession

  • Increase in unemployment

With the economy shrinking, companies will be making less profit and will have to layoff workers to reduce their costs.

  • Increase in government borrowing

In a recession, the Government will have to spend more to prop up the economy like the US Government did during this pandemic by providing stimulus packages. This spending is supported by borrowing.

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What is the SNAP food program governed by the farm bill
nevsk [136]

Answer:

The Supplemental Nutrition Assistance Program (SNAP) helps families, older adults, and individuals pay for groceries. ... SNAP benefits provide food security, stimulate local economies, and support farmers and the agriculture industry through the purchases of Pennsylvania-grown and processed foods.

Explanation:

3 0
3 years ago
Jefferson Company has sales of $300,000 and cost of goods available for sale of $270,000. If the gross profit ratio is typically
Ivenika [448]

Answer:

$60000

Explanation:

Given: Sales = $300000.

           Cost of goods available for sale= $270000.

           The gross profit ratio= 30%

First finding the gross profit out of total sales.

Gross profit= 30\% \times 300000

Gross profit= \$ 90000

∴ Cost of goods sold= Total\ sales - gross\ profit

Cost of goods sold= 300000-90000

Cost of goods sold=  \$ 210000

Hence, cost of goods sold= \$ 210000

Now, finding estimated cost of the ending inventory.

Cost of ending inventory= cost\ of\ goods\ available\ for\ sale - cost\ of\ goods\ sold

⇒ Cost of ending inventory=  \$ 270000- \$ 210000

∴ Cost of ending inventory=  \$ 60000

Hence, estimated cost of the ending inventory under the gross profit method would be $60000.

3 0
3 years ago
Use the drop-down menu to complete each statement.
podryga [215]

According to this graph, at $10 the quantity supplied is about 14.

As the price of the good rises, the quantity supplied will be increasing.

In the graph, as the price of the good is rising the quantity supplied is also rising, When the price is $10.00 then the quantity supplied is 14 when the price is $15.00 then the quantity supplied is 24 and when the price is $17.50 the quantity supplied is 30.

The volume of a resource, service, or item that people are prepared and able to sell during a certain time period at a given price. If a good's price increases, more of that good is supplied, all other things being equal. When a product's price declines, less of that product is produced.

Two fundamental economic theories are combined in the law of supply and demand to explain how changes in the price of a resource, good, or service impact its supply and demand. Supply grows as the price rises, but demand drops. In contrast, as the price falls, supply is constrained and demand is increased.

The law of supply is a microeconomic principle that asserts, with all other things being equal, that if the cost of an item or service rises, suppliers will offer more of those goods or services and vice versa.

Learn more about the Law of Supply here:

brainly.com/question/17805586

#SPJ1

5 0
1 year ago
In 2014, paxson incurred a net loss of $2,500. no dividends were declared or paid during 2014. what was paxson's retained earnin
tensa zangetsu [6.8K]

Paxson's retained earnings balance one year earlier on December 31, 2013 was $24,500.00

8 0
3 years ago
What to put on a job application for education if still in high school?
almond37 [142]
You could put that you are still in high school and working towards your high school diploma. 
8 0
3 years ago
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