Substitute goods are goods that are:
Option b- competing for consumer spending.
Explanation:
Substitute goods are products that can be used as alternatives to each other and are typically in direct competition for consumers' spending. For instance, if beef becomes more expensive, people might opt to buy chicken instead.
What are substitute goods and examples?
Substitute goods are defined as "Products that can satisfy some of the same customers' needs as each other" by the Cambridge Dictionary. The traditional examples of replacement goods include butter and margarine. Those without access to a car can get around by bus or bicycle.to allow device connectivity with age.
What are substitute goods in economics?
A substitute, or substitutable good, is a good that consumers perceive to be significantly similar to or sufficiently equivalent to another item in economics and consumer theory. A product that can be used in place of another is called a replacement.
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activities that generally include sensorimotor activities, manipulative toys, and task completion type activities best describes what type of play?
Activities that generally include sensorimotor activities, manipulative toys, and task completion type activities best describes Beginning Play .
What is sensorimotor activities?
A newborn experiences the world while simultaneously growing their brain and body through crawling, balancing, visual tracking, and coordination. Sensorimotor system delays are frequent in kids who have learning or developmental problems.What are the sensorimotor stage's activities?
It starts from birth and continues until age 2. Your child picks up knowledge about the world by interacting with their environment during this time by employing their senses. They handle objects, lick them, thrash them about (joyfully, we might add), and then put them in their mouths. They start to work on their fine motor abilities as well.Learn more about sensorimotor activities.
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2. Which option is not studied in macroeconomics?
(A) The consequences of a higher interest rate
(B)The effects of a lower exchange rate
(C)The impacts of price changes in the market for smartphones
(D)The impacts of progressive taxation
Answer:
C)The impacts of price changes in the market for smartphones
Explanation:
Macroeconomics is concerned with the decisions, performance, and behavior of the entire economy. It studies how a country allocates and distributes limited resources to different sectors of the economy. Macroeconomics analyses key economic indicators of unemployment, inflation, incomes, and the GDP growth rate.
The Government uses data from macroeconomic to formulate national economic strategies. Price changes in the market for smartphones affect one sector but not the entire economy. Microeconomics is the branch that deals with decisions affecting single markets.
Which organizational pattern is an especially effective way of organizing an explanation speech?
The topical organizational pattern is an especially effective way of organizing an explanation speech.
When giving a speech that aims to explain a complex idea or topic, it's important to use an organizational pattern that helps the audience understand the information presented in a clear and logical manner.
The topical organizational pattern is an effective way to achieve this goal. In this pattern, the speaker divides the information into different categories or subtopics, with each category or subtopic focusing on a specific aspect of the overall topic.
The categories or subtopics should be clearly defined and presented in a logical order, making it easier for the audience to follow the speaker's argument. This pattern is particularly useful for explaining topics with multiple aspects, such as scientific concepts, historical events, or social issues.
By breaking down the topic into smaller, more manageable parts, the speaker can provide a comprehensive and organized explanation that is easier for the audience to understand.
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Plz help
Which investment strategy would work best if you wanted to make a lot of
money quickly?
A. Low risk, high return
B. High risk, low return
C. High risk, high return
D. Low risk, low return
Answer:
a. because if your risking small your return is still higher it doesn't matter if you risk acouple time and lose some because when your getting your return it's more then what you risked (I think)
Answer:
high risk high return.
Explanation:
Discuss the sources and approaches used by McDonald in order to stay abreast of the environmental changes
McDonald's is a global fast-food chain that operates in over 100 countries.
Market research: McDonald's conducts extensive market research to understand consumer trends, preferences, and behaviors.
Technology: McDonald's uses technology to stay up-to-date with environmental changes. The company also uses digital platforms to collect feedback from customers and monitor online reviews.
Sustainability initiatives: McDonald's has a strong focus on sustainability, and has implemented a range of initiatives to reduce its environmental impact.
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2. An organization's products and services are the driving force in accomplishing
its purpose.
A. True
B. False
which action can be considered a product decision?
It is possible to classify a variety of behaviors as product decisions. For instance, decisions about a specific product, such as its design or quality decisions about a product line and decisions about the product mix can all be seen as decisions on a specific product.
The choice of what goods or services a business will sell is known as a product decision. To successfully develop a marketing mix and achieve the company's goals, several choices are essential. Before we go into the specifics of product decisions, let's quickly look at some examples of the different kinds of decisions marketers might make. Marketers take into account: The primary benefit of the product when making decisions about products. Examples include.
You can slake your thirst with mineral water.
You get from place A to place B via a bus.
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When preparing a segment margin income statement ______.
When preparing a segment margin income statement, one should look at the income statement for the individual business segment and determine the gross margin for that segment. This involves subtracting the cost of goods sold from the segment's sales to determine the gross margin. One should then subtract the other expenses associated with the segment to determine the net margin for that segment.
In order to complete this analysis, one should begin by gathering the necessary financial data. This would include the sales and cost of goods sold for each segment, as well as any other associated expenses. Once all of the information has been gathered, one should subtract the cost of goods sold from the segment’s sales to determine the gross margin. One should then subtract the other expenses associated with the segment to determine the net margin for that segment.
One should also take into account any one-time items that could impact the segment’s results. This includes items such as restructuring charges, acquisition costs, and write-offs. Once all of the items have been taken into account, one should be able to determine the segment’s margin. The segment margin income statement is a useful tool for analyzing the performance of an individual business segment. By taking into account all of the necessary financial data, one should be able to accurately determine the segment’s margin and make informed decisions about the performance of the segment.
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1. Calculate the Net Worth when Liabilities are $5,000 and Assets are $6,725
A is made up of or more and a section, is commanded by a ,
In
, people invest money in a company in exchange for the company’s
.
Answer:
In equity crowdfunding, people invest money in a company in exchange for the company’s shares
Explanation:
Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.
Startups and early-stage companies use this method to raise capital.
other things constant, how will an increase in the wages of teenagers affect the market for fast food hamburgers?
With all else remaining constant, a rise in teens' income will have an impact on the market for fast food hamburgers by increasing the supply and lowering the cost of hamburgers.
How does the pricing change when the supply increases?While all other factors remain constant, an increase in supply will cause the equilibrium price to fall while increasing the amount required. Due to a decrease in supply, the amount sought will decrease, raising the equilibrium price.
When demand is constant, the connection between prices and supply for products and services is inverse. When the supply of those goods and services increases while the demand for those goods and services remains constant, prices frequently decline to a lower equilibrium price and a larger equilibrium quantity of those products and services.
When the cost is reduced, what happens to supply?A price increase almost invariably leads to the delivery of more of that good or service, whereas a price decrease typically results in the delivery of less of it.
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Positive economic growth is realized when a country's production possibilities curve
(frontier) shifts outwards, however, can be calculated as the percentage increase in
either the real gross domestic product or the real gross domestic product per capita.
Answer:
True
Explanation:
It is TRUE that Positive economic growth is realized when a country's production possibilities curve
(frontier) shifts outwards.
This is evident in the fact that the outwards shifts of the production possibilities curve of a country indicate an increase in output or production level of that country.
Also, such production possibilities can indeed be estimated as the percentage increase in either the real gross domestic product or the real gross domestic product per capita.
Rexbilt Company uses the allowance method of handling credit losses. It estimates losses at 3% of credit sales, which were $500,000 this year. At December him of this year, the Accounts Receivable balance is $80,000, and the Allowance for Doubtful Accounts has a 900 credit balance before adjustment. Required: a. (3 pts)Provide the adjusting entry to record bad debts expense for this year in the space below. b. (3 pts)Prepare the A/R section of 12/31's Balance Sheet. You will be graded on content and format. c. (4 pts) Assume that Rexbilt Company uses aged accounts receivable as a basis of estimating credit losses, instead of a percent of credit sales. If the firm estimates that $7,600 of the accounts will prove uncollectible, prepare the adjusting entry. 7
The preparation of the Accounts Receivable section of the Balance Sheet involves subtracting the Allowance for Doubtful Accounts from the Accounts Receivable balance to get the Net Accounts Receivable amount, and the section is presented in a specific format.
a. To record the bad debts expense for this year, we need to estimate the credit losses at 3% of credit sales. Credit sales were $500,000, so the estimated credit losses are:
$500,000 * 0.03 = $15,000
The adjusting entry is:
Debit: Bad Debts Expense - $15,000
Credit: Allowance for Doubtful Accounts - $15,000
b. To prepare the Accounts Receivable section of the 12/31 Balance Sheet:
Accounts Receivable - $80,000
Less: Allowance for Doubtful Accounts - ($900 + $15,000) = ($15,900)
Net Accounts Receivable - $64,100
The A/R section will look like this:
Accounts Receivable $80,000
Less: Allowance for
Doubtful Accounts ($15,900)
Net Accounts Receivable $64,100
c. If Rexbilt Company estimates that $7,600 of the accounts will prove uncollectible using the aged accounts receivable method, the adjusting entry would be:
Debit: Bad Debts Expense - ($7,600 - $900) = $6,700
Credit: Allowance for Doubtful Accounts - $6,700
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Damerly Company (a Utah employer) wants to give a holiday bonus check of $350 to each employee. Since it wants the check amount to be $350, it will need to gross-up the amount of the bonus. Calculate the withholding taxes and the gross amount of the bonus to be made to John Rolen if his cumulative earnings for the year are $46,910. Besides being subject to social security taxes and federal income tax (supplemental rate), a 5% Utah income tax must be withheld on supplemental payments.
Answer:
$350
Explanation:
Calculation for the withholding taxes and the gross amount of the bonus to be made to John Rolen if his cumulative
Social Security rate 6.20%
Medicare rate 1.45%
Federal Income tax 22.00%
State income tax 5.00%
Total tax percentage 34.65%
Calculation for the Required gross bonus
Required gross bonus =$350/(1-34.65%)
Required gross bonus=$350/1-0.3465
Required gross bonus=$350/0.6535
Required gross bonus=$535.57
Gross bonus amount $535.57
Federal Income tax withheld (117.82) ($535.57*22%)
OASDI tax withheld (33.20)
($535.57*6.2%)
HI tax withheld (7.76)
($535.57*1.45%)
Utah Income tax withheld (26.77)
($535.57*5%)
Take home bonus check $350.00
Therefore the withholding taxes and the gross amount of the bonus to be made to John Rolen if his cumulative will be $350.00
Sterling, Inc. reports the following financial information for its sports clothing segment. Average operating assets $3,000,000 Controllable margin $630,000 Minimum rate of return 10 % Compute the return on investment and the residual income for the segment.
The return on investment for Sterling, Inc.'s sports clothing segment is 21%, and the residual income for the segment is $330,000.
To compute the return on investment and the residual income for Sterling, Inc.'s sports clothing segment, we'll need to use the provided financial information: average operating assets of $3,000,000, controllable margin of $630,000, and a minimum rate of return of 10%.
1. Compute the return on investment (ROI)
ROI = (Controllable Margin / Average Operating Assets) * 100
ROI = ($630,000 / $3,000,000) * 100
ROI = 0.21 * 100
ROI = 21%
2. Compute the residual income
Residual Income = Controllable Margin - (Average Operating Assets * Minimum Rate of Return)
Residual Income = $630,000 - ($3,000,000 * 0.10)
Residual Income = $630,000 - $300,000
Residual Income = $330,000
Therefore, the return on investment for the sports clothing segment is 21% and the residual income is $330,000. This means that the segment is generating a return on its assets that exceeds the minimum rate of return and is also creating additional value for the company.
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which of the following statements is true about the relationship between business processes and information systems? group of answer choices information systems incorporate all business process activities and hence, should be developed before business processes. the relationship between business processes and information systems is one-to-one. developing information systems before business processes ensures that all activities are considered in the development process. a business process need not relate to any information system, but an information system relates to at least one business process.
A business process need not relate to any information system, but an information system relates to at least one business process, this statements is true about the relationship between business processes and information systems.
A business process is a logically related sequence of actions that specify how particular business tasks are carried out. It is a distinctive method of coordinating work, information, and knowledge inside an organization. Business processes are important for managers to be aware of since they affect how well a firm can conduct its operations and could provide a competitive edge. Each of the main business functions has its own unique business processes, but many of them are cross-functional. Information systems assist firms restructure and streamline business operations by automating certain of these procedures.
The official organizational division in charge of information technology services is the information systems department. It is in charge of maintaining the networks, data storage, hardware, and software that make up the company's IT infrastructure. The department is often led by a CIO and is made up of professionals including programmers, systems analysts, project managers, and information systems managers.
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What are the steps needed to be taken by a company to implement
the balanced scorecard? (100 words)
Implementing the balanced scorecard involves several key steps. The first step is to define the company's strategy and objectives, which will be used to create the scorecard.
Next, the company should identify key performance indicators (KPIs) that are aligned with its strategy and objectives. These KPIs should be organized into the four categories of the balanced scorecard: financial, customer, internal processes, and learning and growth. Once the KPIs have been identified, the company should develop initiatives to improve performance in each category. Finally, the balanced scorecard should be communicated to all employees, and progress should be monitored and reviewed regularly to ensure that the company is on track to achieve its strategic goals.
To implement the Balanced Scorecard, a company should follow these steps: 1) Define strategic objectives and vision, ensuring they are aligned with overall business goals. 2) Identify key performance indicators (KPIs) to measure progress towards objectives. 3) Develop a strategy map to visualize cause-and-effect relationships between objectives and KPIs. 4) Establish targets and initiatives for each KPI to drive performance improvement. 5) Communicate the Balanced Scorecard to employees, promoting buy-in and understanding. 6) Regularly review and update the scorecard, using it as a management tool to monitor progress and adjust strategy as needed.
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fid the higest common factor of
21a²b and 49ab²
Answer:
7ab
Explanation:
21a²b = 7ab * 3b
49ab² = 7ab * 7b
What is the expected impact of increased security measures imposed by the federal government on airlines and consumers? Instructions: Draw a parallel shift in the demand and supply curves by grabbing, dragging, and then dropping the curves to the new positions.
Answer:
It will increase price for consumers, as well as cost for airlines (due to increased demand & supply)
Explanation:
Markets are at equilibrium when market demand = market supply.
If federal government imposes more safety measures on airlines & consumers. Cost for airlines rise due to increased security expenditures, so supply decreases (shifts leftwards). Customers might feel safer amidst more personal & organisational security measures, so demand increases (shifts rightwards).
Both these factors lead to increase price for consumers, as well as cost for airlines
How does a notice board help in providing information?
Answer:
to boost the marble of employees
Answer:
A notice board can display graphs, data, facts and other relevant information
Explanation:
A notice board saves time, keep people informed, and can be serve for many purposes.
Consumers experience ______ marginal utility the more they consume of a particular good or service.
Consumers experience diminishing marginal utility the more they consume of a particular good or service.
Marginal utility is the added satisfaction that a consumer gets from having one more unit of a good or service. The concept of marginal utility is used by economists to determine how much of an item consumers are willing to purchase.
Positive marginal utility occurs when the consumption of an additional item increases the total utility. On the other hand, negative marginal utility occurs when the consumption of one more unit decreases the overall utility.
The law of diminishing marginal utility states that all else equal, as consumption increases, the marginal utility derived from each additional unit declines.
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Manitowoc Crane (U. S. ) exports heavy crane equipment to several Chinese dock facilities. Sales are currently 16. 000 units per year at the yuan equivalent of $25. 000 each. The Chinese yuan (renminbi) has been trading at Yuan8. 40/$, but a Hong Kong advisory service predicts the renminbi will drop in value next week to Yuan9. 10/$, after which it will remain unchanged for at least a decade. Accepting this forecast as given, Manitowoc Crane faces a pricing decision in the face of the impending devaluation. It may either (1) maintain the same yuan price and in effect sell for fewer dollars, in which case Chinese volume will not change; or (2) maintain the same dollar price, raise the yuan price in China to offset the devaluation, and experience a 10% drop in unit volume Direct costs are 75% of the U. S. Sales price. What would be the short-run (one-year) impact of each pricing strategy?
In conclusion, based on the short-run impact analysis, Manitowoc Crane should choose Strategy 1, which involves maintaining the same yuan price and in effect selling for fewer dollars, but without a decrease in Chinese volume. This strategy would result in a positive profit of $111,619,040.
Maintain the same dollar price, raise the yuan price in China to offset the devaluation, and experience a 10% drop in unit volume.
Let's analyze the short-run (one-year) impact of each strategy:
Strategy 1: Maintain the same yuan price and in effect sell for fewer dollars
At the current exchange rate of Yuan8.40/$, the price of each crane is:
$25,000 / Yuan8.40 = Yuan2,976.19
If the renminbi is devalued to Yuan9.10/$, the yuan price of each crane would remain the same, but the dollar price would decrease:
Yuan2,976.19 x Yuan9.10/$ = $25,676.19
The short-run impact of this strategy would be that Manitowoc Crane would continue to sell 16,000 cranes in China, but at a lower dollar value. The new dollar revenue would be:
$25,676.19 x 16,000 = $411,619,040
The direct costs are 75% of the U.S. sales price, which means the direct cost per crane is:
$25,000 x 75% = $18,750
The total direct cost of producing and selling 16,000 cranes would be:
$18,750 x 16,000 = $300,000,000
Therefore, the short-run profit for this strategy would be:
$411,619,040 - $300,000,000 = $111,619,040
Strategy 2: Maintain the same dollar price, raise the yuan price in China to offset the devaluation, and experience a 10% drop in unit volume
If Manitowoc Crane maintains the same dollar price of $25,000 per crane, it would need to raise the yuan price to offset the devaluation:
$25,000 / Yuan9.10 = Yuan2,747.25
This is a 8.0% increase from the current yuan price of Yuan2,976.19.
However, this strategy would result in a 10% drop in unit volume, so the new Chinese sales volume would be:
16,000 x 0.9 = 14,400 units
The new yuan revenue would be:
Yuan2,747.25 x 14,400 = Yuan39,542,800
At the new exchange rate of Yuan9.10/$, the dollar revenue would be:
Yuan39,542,800 / Yuan9.10/$ = $4,346,116.48
The direct cost per crane is still $18,750, so the total direct cost of producing and selling 14,400 cranes would be:
$18,750 x 14,400 = $270,000,000
Therefore, the short-run profit for this strategy would be:
$4,346,116.48 - $270,000,000 = -$265,883,552
This means that the company would actually lose money in the short-run by implementing this strategy.
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What are u guys thankful for
Answer:
God waking me up this morning also thx for asking how bout you
Explanation:
Name the institutions that provide technical education in the Nepalese context.
Answer:
Institute of Forestry.
Institute of Engineering.
Institute of Science and Technology.
Council of Technical Education and Vocational Training.
Patan Science Academy.
Institute of Agriculture and Animal Sciences.
Source : Wikipedia
I HOPE IT WILL HELP YOU.
^ - ^
It's me Sopnila.
What safety device should be worn when there is danger of fragments being thrown?
Answer:
gloves i think
Explanation:
Burton Co. Requests assistance allocating costs and determining the profitability of its two departments: Skis and Snowboards. Shared indirect expenses include rent and supervision. Use the Tableau Dashboard, with information from Burton’s December 31 year-end reports, for our analysis.
Compute gross profit for each department. 2. Allocate rent expense to each department.
Required 1Required 2
Compute gross profit for each department.
Department Gross Profit
Skis
Snowboards
Allocate rent expense to each department.
Rent expense Allocation Base Percent of Allocation Base Cost to be Allocated Allocated Cost
Department Numerator Denominator % of Total
Skis
Snowboards
Totals
Based on the sales and cost of goods sold for both departments of Burton Co., the gross profits are:
Skis - $58,000.Snowboards - $15,000.The rent expenses can be allocated as:
Skis - $5,400.Snowboards - $2,400.What are the departmental gross profits?This can be found as:
= Sales - Gross profit
Ski department: Snowboards:
= 100,000 - 42,000 = 75,000 - 60,000
= $58,000 = $15,000
What are the rental expenses?The allocation base for the rent expenses is the square feet occupied by each department.
Ski department:
Allocation Base Percent of base Cost to be allocated Allocated cost
14,000 feet² 70% $8,000 $5,600
Snowboard department:
Allocation Base Percent of base Cost to be allocated Allocated cost
6,000 feet² 30% $8,000 $2,400
Percent of base for Ski department is:
= 14,000 / (14,000 + 6,000)
= 70%
Allocated cost is:
= 70% x 8,000
= $5,600
Percent of base for Snowboard department is:
= 6,000 / (14,000 + 6,000)
= 30%
Allocated cost is:
= 30% x 8,000
= $2,400
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For years, Andrew worked for a national airline as a pilot. When the stress got to him, he decided to simplify his life. He packed his bags and moved to Key West. Andrew decided to start his own transportation and touring service for travelers. To accomplish his goal, he needed to purchase a small commuter plane. He only had one problem-money.
Andrew telephoned his very wealthy uncle in Seattle to see if he would like a piece of the action. Andrew proposed that he would run the day-to-day activities of the company, while his uncle would just provide a percentage of the capital. His uncle agreed, and Andrew contacted an attorney to develop a written agreement.
The form of business ownership or ownership strategy depicted in this case is a partnership.
What is the explanation for the above response?Specifically, it appears to be a limited partnership where Andrew is the general partner who will manage the day-to-day activities of the company, and his uncle is the limited partner who will only provide a percentage of the capital.
The agreement developed by the attorney will likely outline the roles and responsibilities of each partner, the percentage of ownership and profit distribution, and any limitations on the limited partner's involvement in the company's management.
This ownership structure allows Andrew to benefit from his uncle's financial support while still retaining control over the business's operations.
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Full Question:
Although part of your question is missing, you might be referring to this full question:
Determine the form of business ownership or ownership strategy that this case depicts. You need to write a detailed reason for your choice.
For years, Andrew worked for a national airline as a pilot. When the stress got to him, he decided to simplify his life. He packed his bags and moved to Key West. Andrew decided to start his own transportation and touring service for travelers. To accomplish his goal, he needed to purchase a small commuter plane. He only had one problem-money.
Andrew telephoned his very wealthy uncle in Seattle to see if he would like a piece of the action. Andrew proposed that he would run the day-to-day activities of the company, while his uncle would just provide a percentage of the capital. His uncle agreed, and Andrew contacted an attorney to develop a written agreement.
if a person attempts to make a phone call while they are waiting for a meeting to begin, they are________
a. combining tasks
b. multitasking
c. sequential tasking
d. cleaving tasks
A principle offers broad goals while leaving human beings in charge. True False Which of the following is an example of saving? Putting money into a savings account Putting money into a checking account Money that you use to pay your taxes All of the above. Which sector is the most stable sector in the economy? Consumption. Business. Government. Foreign. Which of the following is a false statement? Austrian economists criticize the Full Employment and Balanced Growth Act of 1978 The Employment Act of 1946 empowered the federal govemment to pursue mocimum employment, production, and purchasing power Expansions and recessions occur at irregular intervals and last for varyigg lengths of time. Austrian cconomists believe that we can climinate the business cycle.
The statement "A principle offers broad goals while leaving human beings in charge" is True.Savings refers to a fund which is kept aside by an individual for later use. An example of saving is putting money into a savings account.The government sector is the most stable sector in the economy.
A principle is a broad, and general statement that offers a direction for an organization or an individual, it leaves the individual or an organization to determine the exact way to achieve the principle by themselves. Thus, it is true that a principle offers broad goals while leaving human beings in charge. Savings are typically funds that are kept aside for future use, rather than immediate use. Putting money into a savings account is an example of saving.
This is because the government has the power to raise taxes or borrow money in order to pay for its expenses, unlike individuals and businesses. In addition, government employees are typically paid a fixed salary, regardless of the state of the economy. Austrian economists believe that it is impossible to eliminate the business cycle. This is a false statement.
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