Explanation:
The computation is shown below:
Relative price of a carton of juice = Cost of carton of juice ÷ Cost of can of soda
= $1.75 ÷ $1.25
= 1.4
And, the relative price of a carton of juice if the absolute price of a carton of juice is unchanged
Relative price of a carton of juice = Cost of carton of juice ÷ Cost of can of soda
= $1.75 ÷ $1.50
= 1.167
Therefore, the relative price is decreased
Answer:
they do not include the price of assets.
Explanation:
Standard Goods Market Price Index often shortened as SGMPI is a term that describes a standard mode of measuring price index, which is used to illustrates the price position of only goods in comparison to other top competitive goods in similar classifications and brands.
Hence, in this case, the usefulness of standard goods market price indexes for judging policy is limited because: "they do not include the price of assets."
Answer:
Explanation:
Expenditure made to reduce costs; Expenditure made to increase revenue; Expenditure which is justified on non-economic grounds.
Answer:
The unanimous Declaration of the thirteen united States of America, When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature