Answer:
The correct option is 2. Has the growth mindset.
When a person believes in his/ her self, the person has a growth mindset.
Answer:
A. The total market value of steel used to produce car and total market value of car itself are summed
Explanation:
Double Counting refers to multiple inclusion of Intermediate goods' value in value of Final Goods . Final Goods are goods used for self consumption , investment & Intermediate Goods are goods used for further processing , further resale .
Eg : Farmer sold wheat to miller for 100 . Miller sells flour to baker for 150 (miller value added = 150 - 100 = 50) .Baker sells bread to consumers for 200 (baker value added = 200 - 150 = 50) . But ,Value of Bread (200) already includes value of flour (150) , which further includes value of wheat (100) and value added at each stage 50 each.
If including value of both final good (Bread) and intermediate good (Wheat , flour) : Bread value would be 100+150+200 = 450 which is much overvalued above real value 200, including all intermediate goods value , because of Double Counting of IC goods value in Final Good
Similarly : Steel used as Intermediate good to produce Final Good Car , if included in Car Value - will lead to Double Counting
Just ask them in a polite way!
Your friend is in the category of people considered to have HIGH INCOME.
Friend's salary is more than $1 million and he lives off a credit card. He has high income but net worth can't be determined.
Answer:
According to the principles of economics, price and supply are positively correlated. That is, price and supply usually move in the same direction.
The obverse is true for Demand and Price. All things being equal, demand would usually go in the opposite direction of price.
Explanation:
In the question above, we have a scenario involving Joint Demand. Joint demand when the need or demand for a commodity arises as a result of the demand for another. Some examples are:
- Mobile phones and the internet (data bundles);
- Motor Vehicles and Engine Oil
The example in the question CD player and CDs is also a great example. Joint Demand is also referred to as Complementary Demand.
When there is a complementary relationship between two products, the rise or fall in the demand of one equals the rise or fall in the demand of the other.
When the price of CD players go up, the demand for it does down while its supply goes up. When the supply of CD players goes up, this will probably create a glut in the market because demand will go down.
When demand for CD players go down, it's complimentary demand -CDs will also experience a low output. In the long run, the prices for both will come down.
Cheers!