Answer:
2. (i) demand-side; (ii) both; (iii) supply-side; (iv) supply-side; (v) both
Explanation:
a. $1,000 per person tax reduction ⇒ focus on aggregate demand (more money for consumers to spend)
b. a 5% reduction in all tax rates ⇒ focus on both aggregate demand and supply (more money for consumers and suppliers)
c. Pell Grants, which are government subsidies for college education ⇒ focus on aggregate supply (more money for suppliers of college education)
d. government-sponsored prizes for new scientific discoveries ⇒ focus on aggregate supply (more money for suppliers of new scientific discoveries)
e. an increase in unemployment compensation ⇒ focus on both aggregate demand and supply (more money for consumers resulting in higher prices and lower output)
Answer:
23%
Explanation:
The computation of the contribution margin ratio is shown below:-
Selling price per unit = $4,900,000 ÷ 4,025 units
= 1217.39
Contribution margin ratio = Contribution margin ÷ Selling price
= $280 ÷ 1217.39
= 23%
Therefore for computing the contribution margin ratio we simply divide selling price by contribution margin.
Answer:
The correct answer is letter "C": usage of the most abundant factors of production, while the focus of the comparative advantage theory is on the productivity of the production process.
Explanation:
The Factor Productions theory, also known as the <em>Heckscher-Ohlin</em> theory, is a concept that tries to explain how international trade works. It is based on the focus that production increases capital and labor to an equal importance level. While, the Comparative Advantage theory is defined as the ability of an individual, company, or country to produce a good or service at a lower opportunity cost than its competitor.
Answer:
The EFF of card is 27.45%.
Explanation:
EFF interest rate is an interest rate which is actually paid or received on debt or investment. It is also known as Effective Interest rate.
APR = 24.50%
EFF = ( ( 1 + r/m )^m ) - 1
EFF = ( ( 1 + 0.245/12 )^12 ) - 1
EFF = ( ( 1 + 0.020417 )^12 ) - 1
EFF = ( ( 1.020417 )^12 ) - 1
EFF = 1.27447765 - 1
EFF = 0.2745
EFF = 27.45%
<u>Explanation:</u>
Some of the essential preparations when communicating to inform, persuade, and argue includes;
- Determine what you know about the subject.
- Be mindful of what your audience already know about the subject and avoiding stating mainly what they know already; so they will be more interested in what you have to say.
- Use appropriate language and terms that your audience can easily understand.
- Make references to respectable outside sources that back your claim.
- Respectfully present your speech to your audience, and avoid been judgmental because of their differing views.
