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3 years ago

Which of the following helped fuel economic growth by encouraging people to buy American goods?

1 answer:

4 0

Protective Tariffs are policies that seek to encourage individuals to buy domestic goods, in this case American goods (C). However, the impact on economic development and growth is mixed in that it can help fuel development of important competing industries but can also harm the economy as a whole and also create higher equilibrium prices for consumers.

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Household behavior with respect to changes in income can be described by the marginal propensity to consume (MPC) and the margin

Citrus2011 [14]

Answer: Greater the MPC

Explanation:

The Marginal Propensity to consume refers to how much Economic consumption increases or decreases due to a change in income.

The formula for MPC is;

= Change in Consumption/Change in Income.

Consumption is a major component of GDP so it has a direct influence on Economic output. In other words, the larger the level of consumption, the higher the higher the output.

As evident from the equation, if the change in consumption is higher than the change in income, the MPC will be larger. A larger MPC therefore corresponds to a higher Consumption.

If a higher Consumption leads to a larger output and a larger MPC corresponds to a higher Consumption then that means that a higher MPC leads to a larger output.

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3 years ago

A recent study on enrollment at a liberal arts college concluded that demand elasticity is 0.91. The administration is consideri

Julli [10]

Based on the fact that the demand elasticity is 0.91, the revenue-maximizing decision would be to d. increase tuition, which would generate more revenue.

<h3>Why is this the revenue-maximizing decision?</h3>

When the demand elasticity is below 1 as is the case here, it means that demand is inelastic.

When demand is inelastic, an increase in price will lead to a lower decrease in demand. This means that increasing prices for enrollment in this college will bring in revenue because there won't be much change in demand.

In conclusion, option D is correct.

Find out more on demand elasticity at brainly.com/question/6791468.

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2 years ago

Pacifica Manufacturing retired a computerized metal stamping machine on December 31, 2011. Pacifica sold the machine to another

eduard

Answer:

Depreciation expense $95,000

To Accumulated depreciation $95,000

(Being the depreciation expense is recorded)

Explanation:

The journal entry is shown below:

Depreciation expense $95,000

To Accumulated depreciation $95,000

(Being the depreciation expense is recorded)

The computation is shown below:

= (Cost installed - Residual value) ÷ Useful life

= ($920,000 - $160,000) ÷ 8

= $95,000

For recording this journal entry we debited the depreciation expense as it is increased the expenses while at the same time it decreased the value of the fixed assets so the accumulated depreciation is credited

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3 years ago

Which descriptions offer examples of Management and Entrepreneurship workers? Check all that apply.

zhenek [66]

Answer:

BCF

Explanation:

4 0

3 years ago

Read 2 more answers

Expansion of the money supply during a recession, according to the keynesians, will?

baherus [9]

According to the Keynesian approach an increase in the money supply increases real GDP by lowering interest rates which increases investment.

The Keynesian theory implied that during a recession inflationary pressures are low, but when the level of output is at or even pushing beyond potential gross domestic product, or GDP, the economy is at greater risk for inflation.

Keynesians do believe in an indirect link between the money supply and real GDP. They believe that expansionary monetary policy increases the supply of loanable funds available through the banking system, causing interest rates to fall.

Learn more about Keynesian here

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1 year ago