Describe the economic factors that lead to gentrification in urban areas. Why is gentrification considered an economic problem? Which social groups are affected the most by it? Finally, discuss the economic and social issues that result from gentrification. Describe the economic factors that lead to gentrification in urban areas. Why is gentrification considered an economic problem? Which social groups are affected the most by it? Finally, discuss the economic and social issues that result from gentrification.
Answers
The lack of affordable housing in gentrified areas perpetuates the cycle of inequality and limits access to opportunities for low-income families.
Gentrification is a process in which previously less desirable urban areas are transformed by newcomers into a more attractive place for living. In most cases, the urban areas where gentrification takes place are those with the oldest housing and infrastructure in the city, and with high potential to attract new investments. Urban renewal projects, coupled with a shift in public perception and an increase in economic resources, result in the transformation of these areas into a more upscale and expensive neighbourhoods.
Economic factors that lead to gentrification in urban areas include the demand for urban living among the younger generation, the rise in property values, and the influx of capital from outside investors. The younger generation, which typically has a higher level of education and income, is drawn to urban areas due to the vibrancy, diversity, and opportunities that they offer. As they settle in these urban areas, they increase the demand for housing, resulting in a rise in property values.
This increase in property values also attracts outside investors who are looking to profit from the urban real estate market. Gentrification is considered an economic problem because it results in the displacement of lower-income residents and businesses. The rise in property values results in higher rent, which forces out the original residents and businesses that can no longer afford to stay.
The social groups that are affected the most by gentrification are typically those who are already disadvantaged, such as people of colour, the elderly, and low-income families. These groups are often the first to be displaced, and they face significant barriers to accessing affordable housing and other services in the new, gentrified neighbourhoods. The economic and social issues that result from gentrification include increased inequality, cultural erasure, and a lack of affordable housing.
As the cost of living rises, low-income families are forced to move to areas with fewer opportunities, which perpetuates the cycle of poverty. Additionally, the cultural identity of the original neighbourhood is often erased as new residents move in and bring with them a different set of values and traditions.
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Related Questions
explain why the short-run price elasticity of demand for movie tickets differs from the long-run price elasticity of demand for movie tickets.
Answers
The short-run price elasticity of demand for movie tickets differs from the long-run price elasticity of demand due to certain factors related to consumer behavior and market dynamics.
In the short run, the price elasticity of demand for movie tickets tends to be relatively inelastic. This means that changes in ticket prices have a relatively smaller impact on the quantity demanded by consumers. There are a few reasons for this:
1 - Limited immediate alternatives.
2 - Planning and commitment.
On the other hand, in the long run, the price elasticity of demand for movie tickets tends to be more elastic. Several factors contribute to this:
1 - Increased flexibility.
2 - Substitutability.
Overall, the short-run price elasticity of demand for movie tickets is lower due to limited immediate alternatives and consumer commitments, whereas the long-run price elasticity of demand becomes more elastic as consumers have more choices and flexibility to adjust their entertainment preferences.
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when it comes to quality, which of the following products most likely has an objective measure of goodness or excellence?
Answers
There are many products that can have an objective measure of goodness or excellence. However, products that are standardized and have clear specifications are more likely to have an objective measure of quality.
For example, electronic products such as smartphones, laptops, and televisions often have objective measures of quality, such as screen resolution, battery life, and processing speed. These measures can be quantified and compared across different products to determine their level of quality.Similarly, products that are subject to strict regulations or industry standards may also have objective measures of quality. For instance, pharmaceuticals are subject to strict regulations and are required to meet certain standards of purity, potency, and safety. These standards can be objectively measured and evaluated through laboratory testing and other methods.In contrast, products that are more subjective in nature, such as fashion or art, may not have an objective measure of quality. While there may be certain technical standards that can be applied to these products, their overall quality is often a matter of personal preference and taste.
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standard rate × (actual hours – standard hours allowed) is the formula to compute the ________.
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The formula you provided, standard rate × (actual hours – standard hours allowed), is used to compute the variance in labor costs. It is commonly known as the labor rate variance formula.
The labor rate variance measures the difference between the actual hours worked and the standard hours allowed, multiplied by the standard rate.
By comparing the actual hours worked to the standard hours allowed and applying the standard rate, the formula calculates the difference in cost resulting from deviations in labor efficiency or rate. This variance helps businesses evaluate their labor costs and assess the efficiency of their workforce.
The labor efficiency variance measures the difference between the actual hours worked and the standard hours allowed, multiplied by the standard rate. It reflects the impact of labor productivity or efficiency on costs. If the actual hours worked are more or less than the standard hours allowed, the labor efficiency variance will indicate whether the labor was used more or less efficiently than expected.
To clarify, here are the different components of labor variances in standard costing:
Labor Rate Variance: This variance measures the difference between the actual wage rate and the standard wage rate, multiplied by the actual hours worked. The formula is (actual rate - standard rate) × actual hours.
Labor Efficiency Variance: This variance measures the difference between the actual hours worked and the standard hours allowed, multiplied by the standard rate. The formula is (actual hours - standard hours) × standard rate.
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On March 25, 2014, Patton Company sold merchandise on account,$10,000. The applicable sales tax percentage is 8.5%. Record the transaction.
Answers
Answer:
Kindly see attached picture
Explanation:
Sales tax percentage= 8.5%
Sales = 10,000
Sales tax payable = 0.085 × 10000 = 850
Accounts payable = 10000 + 850 = 10850
Kindly see attached picture for journal entry
The demographic information will tell you where to find the customers.
T
True
or
F
False
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Interest payments on a loan can be a significant cost for a business. What happens if in a free market the demand for loans increases significantly?
Answers
In a free market, an increase in demand for loans can lead to higher interest rates due to the limited supply of loanable funds.
In a free market, interest rates are under pressure to rise if loan demand rises considerably. This is because there is a finite amount of money that can be borrowed, and lenders can raise interest rates on borrowers as demand for loans increases.
Higher interest rates may make borrowing more expensive for firms, which may discourage investment and impede economic expansion. As a result, companies could need to change how they approach borrowing, either by taking on less debt or looking for new funding options with lower interest rates.
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Most of us have similar values, but we might put them in vastly different orders of importance.
true or false
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Bob is interested in examining the relationship between the number of bedrooms in a home and its selling price. After downloading a valid data set from the internet, he calculates the correlation. The correlation value he calculates is only 0. 5. What does bob conclude?.
Answers
Bob is interested in examining the relationship between the number of bedrooms in a home and its selling price. After downloading a valid data set from the internet, he calculates the correlation. The correlation value he calculates is only 0. 5. Bob concluded regression outputs of 0.67.
A correlation may be a relationship between two variables. The number of correlation, or relationships, are often explained in an exceedingly numerical form called a parametric statistic - defined as a numerical representation of the strength and direction of the connection.
Correlation between variables will be positive or negative. Direct correlation implies a rise of 1 quantity causes a rise within the other whereas in correlational statistics, a rise in one variable will cause a decrease within the other. A correlation may be a relationship between two variables during which both variables move within the same direction.
Therefore, when one variable increases because the other variable increases, or one variable decreases while the opposite decreases. An example of correlational statistics would be height and weight. Correlation could be a statistical measure (expressed as a number) that describes the scale and direction of a relationship between two or more variables.
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using the trueblood criterion what is the ultimate goal of accounting?
Answers
The ultimate goal of accounting according to trueblood criterion is to predict future cash flows to the investor or creditor
What is a trueblood criterion?In accounting, its means the reporting on the past & present firm information that could help us predict future cash flow to firm.
Hence, by virtue of trueblood criterion, the ultimate goal of accounting is to predict future cash flows to the investor or creditor.
Therefore, the Option C is correct
Missing options "A) Predict future cash flows to the firm
B) Predict income to the investor or creditor
C) Predict future cash flows to the investor or creditor
D) Predict income to the firm"
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1. Someone once said that the love of money is the root of all evil. Do you agree or disagree with this statement? Why?
2. Would you ever take a job as a volunteer--knowing that you were helping other people, but you would not get paid for your services. Why or why not?
3. Do you currently have a checking account, savings account, or credit card? If not, at what age do you think it is appropriate to have these types of accounts?
4. In order to buy a new bike, a car, or pay for college, it often takes time to save up the money. What types of things are important to you to save up for?
5. If you had to create a budget for your family, what are 5 necessary items that would be included in that budget? (For example, house payment or rent, utilities, etc).
Answers
Answer:
1. money makes people unpredictable and unreliable.
2. yes I would. even without the pay, being a volunteer is a fulfilling job. And it gives you a sense of responsibility and leadership standards that'll set you aside from others in respectable needs I.e job interview, college application.
3. yes I do have a students account. its necessary to open an account for even the youngest of kids as its good to get ahead in college savings.
4. college, a car , an apartment.
5. food
electricity
gas
school
water
What is adjusting entries? Is it the same with general ledger?
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Answer:
Adjusting entries are made in your accounting journals at the end of an accounting period after a trial balance is prepared. After adjusted entries are made in your accounting journals, they are posted to the general ledger in the same way as any other accounting journal entry.
who typically prepares the exception report
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The individual or group with the necessary skills, accountability, and knowledge to effectively detect and report exceptions would be in charge of creating an exception report.
A team manager should report an exception to whom?The project manager reviews any new or existing issues during the Controlling a Stage procedure, and if any of them are predicted to push the stage or project outside of tolerance, the project manager should create an exception report.
Who makes use of exception reports?Exception reports are most typically used by banks and credit unions to monitor loans (commercial loans in particular). Each document in a loan file is significant and ought to be gathered because they are all there for a specific reason.
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is advertising a overhead or operating expense
Answers
Answer:
The answer to this question is given below in this explanation section.
Explanation:
"is advertising a overhead or operating expense"
operating expenses and selling general and administrative expenses are both types of costs involved in running a company a significant in determining its financial well being.While generally synonymous,they each can be listed separately on the corporate income statement.
Operating expense are the costs involved in running the day to day operations of a company they typically make up the majority of a company expenses. OPEX are not include in costs of goods involved in the production of a company goods and services.cogs include direct labors direct materials or raw materials and overhead cost of production facility.cost of goods sold is typically listed as a separate line item on the income statement.
operating expenses are the remaining costs that are not includes in cogs.Operating expenses can include:
Rentutilitiessalaries/wagesproperty taxesBusiness travelIt is important for coaches to teach ethical behavior in sport becauseAnswers:models for ethical behavior are not always available forathletessport participation does not always provide an opportunity forathletes to learn ethical behaviorathletes can transfer a basic code of ethics to other areas oflifethe competitive environment does not provide opportunities tolearn moral and ethical behavior
Answers
It is important for coaches to teach ethical behavior in sport because athletes can transfer a basic code of ethics to other areas of life. (The correct answer is option C)
In sports, athletes have an opportunity to learn ethical behavior. As they learn sportsmanship, athletes become aware of the significance of fairness, respect, and honesty. Ethical values that are taught to athletes in sport may benefit them throughout their life, including in education, career, and family relationships. Athletes who learn ethical behavior in sport are better equipped to deal with moral issues in life. Therefore the correct answer is C.
Coaches must create a culture of integrity and trust, teaching ethical behavior, building character, and encouraging ethical decision-making. For this reason, coaches must prioritize the development of their athletes' moral and ethical values. Coaches must teach athletes to be honest, fair, and respectful of others, as well as to strive for excellence and be accountable for their actions.
Additionally, coaches can be a model for ethical behavior. They can demonstrate the values of teamwork, honesty, and respect through their actions and words. Athletes learn a lot about the standards of behavior from their coaches, so it's essential for coaches to be role models for their athletes.
In conclusion, coaches play a vital role in teaching ethical behavior to athletes. They must establish a culture of integrity and trust, encourage ethical decision-making, and prioritize the development of their athletes' moral and ethical values. Athletes who learn ethical behavior in sports are better equipped to deal with moral issues in life.
Your question is incomplete as it misses the option letter, the complete question is:
It is important for coaches to teach ethical behavior in sport because:
A. models for ethical behavior are not always available for athletes
B. sport participation does not always provide an opportunity for athletes to learn ethical behavior
C. athletes can transfer a basic code of ethics to other areas of life
D. the competitive environment does not provide opportunities to learn moral and ethical behavior
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yall i just need like 4 sentances of information about retail technology!!!
FIRST ANSWER GETS BRAINLIEST!!
Answers
Answer:
Virtual and augmented reality offer retailers several ways to enhance the customer experience. From browsing products to virtually “trying them on,” extended reality is already in use by many retailers today the information technology investment in the retail sector has increased significantly. IT plays an important role in the management of complex retail operations. Market knowledge, as well as control of data and information is essential to obtain a competitive advantage in the retail sector.Retailers can now closely follow customer trends, helping them figure out which products are attracting customers the most. Technology aids retailers to competitively price their products, by doing research of other markets and their prices as well as their products.
Explanation:
Financial analysts recommend investing 15% to 2 0% of your annual income in your retirement fund to reach a replacement rate of 70% of your income by age 65. This recommendation increases to almost 30% if you start investing at 45 years old. Mallori
Answers
The big takeaway is this: No matter how much or how little you make, investing 15% of your income will put you on track for a secure retirement.
What is income?Income is the consumption and saving opportunity gained by an entity over a given time period, which is usually expressed in monetary terms. Income is difficult to define conceptually, and definitions vary across fields.
Income is defined as the amount of money received by a person, group, or company over a specific time period. A salary of $70,000 per year is an example of income.
Income is money received by an individual or business in exchange for labor, the production of a good or service, or the investment of capital. Individuals typically earn money through wages or salaries, whereas businesses make money by selling goods or services for more than their cost of production.
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the additional cost resulting from a small increase in some activity is called the
Answers
The additional cost resulting from a small increase in some activity is called the marginal cost.
Marginal cost refers to the additional cost incurred by producing or engaging in one more unit of an activity. It represents the change in total cost when there is a small increase in the level of output, sales, or any other activity.
The concept of marginal cost is based on the principle of diminishing returns, which states that as the production or activity level increases, the additional output or benefit gained from each additional unit diminishes while the cost of producing that unit increases.
By calculating the marginal cost, businesses can assess the incremental cost-effectiveness of producing additional units or engaging in additional activities. It helps in making decisions about production levels, pricing, resource allocation, and optimizing operational efficiency.
The additional cost resulting from a small increase in some activity is called the marginal cost. Understanding and considering the marginal cost is essential for businesses to make informed decisions regarding resource allocation and activity levels.
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What does it mean to negotiate? Why do you think it is so uncommon for people in our culture to negotiate? Do you think you would be a good negotiator? Why or why not?
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Which of the following is NOT a resource?
A
water
B.
food
C.
land
D.
jewelry
Answers
Answer:
D
Explanation:
It was never made when Earth was made
Answer:
jewelry not resource this is a correct answer
Company E, a diversified company, is experiencing an economic regression in its country. However, an analysis of the company showed that it could still be profitable in this economic downturn if it divested one of its business units. Which of the following businesses would Company E find it most easy to exit?
a.
the home electronics business, where the company has a large number of fixed costs
b.
the tv industry, where the company has contractual obligations with suppliers
c.
the computer software business, where investments in assets are low
d.
the computer business, where the company’s strategic commitments are long-term
Answers
Based on the information provided, the business unit that Company E would find it most easy to exit in the economic regression would be:
c. the computer software business, where investments in assets are low.Since the computer software business has low investments in assets, it implies that the company has fewer physical assets tied up in this business unit. This makes it easier for Company E to exit the software business compared to the other options.In contrast, the other options have specific factors that may make them more difficult to exit:a. the home electronics business, where the company has a large number of fixed costs: Exiting this business would require dealing with substantial fixed costs, which could make it more challenging to exit profitably.b. the TV industry, where the company has contractual obligations with suppliers: Exiting this industry may involve breaking contractual obligations with suppliers, which could result in legal or financial consequences for Company E.d. the computer business, where the company's strategic commitments are long-term: If the company has long-term strategic commitments in the computer business, exiting this sector may involve complications, such as breaching contracts or facing penalties for early termination. Therefore, considering the low investments in assets, the computer software business would likely be the easiest business unit for Company E to exit in the current economic regression.
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AV Technology, & Film Pathway Maybe a group of students is touring the hotel to learn a bit more about the lodging/hospitality business. In this case, it might help for Jarrett to work with someone in the AV Technology & Film pathway to put together a little video that he can show the students giving them additional information they might not be able to get from just a tour. What other events might come up where Jarrett will need the help of someone in the AV Technology & Film pathway?
Answers
Creating promotional videos for the hotel or other hospitality businesses to showcase the amenities and attract potential guests.
Hosting conferences or meetings at the hotel, where AV technology might be needed for presentations and other multimedia content.
What is the AV Technology & Film pathway?Generally, there are many events where Jarrett, or anyone working in the hospitality industry, might benefit from the expertise of someone in the AV Technology & Film pathway. Some examples could include:
Organizing events or parties at the hotel, where AV technology might be needed for music, lighting, and other entertainment.
Creating training videos or other educational materials for employees or guests.
Developing virtual tours or other interactive experiences for guests.
Overall, the AV Technology & Film pathway can be a valuable resource for anyone working in the hospitality industry, as it allows them to enhance the guest experience and create engaging multimedia content.
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Target’s all in motion clothing line provides higher-quality apparel at target-level pricing, enhancing the product’s.
Answers
Clothing line provides higher-quality apparel at target-level pricing, enhancing the product’s are perceived value
Perceived value refers to a customer's assessment of the benefits or attractiveness of a good or service, particularly in comparison to a competitor. The cost that consumers are prepared to pay for a commodity or service serves as a proxy for perceived value. Price level targeting is a technique used by central banks to implement monetary policy in which a particular level of a price index, such as the CPI, is targeted. Price level targeting adjusts depending on recent events, much like inflation targeting with a forward-looking perspective.
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One important issue relevant to multinationals, is the extent to which educational systems encourage students to
a. Be innovative and creative.
b. To expect a more ethical atmosphere.
c. Passively accept what is taught.
d. None of the above
Answers
Be innovative and creative. Educational systems that encourage innovation and creativity are relevant to multinationals. Expecting an ethical atmosphere and passive acceptance are not important. Thus option A is correct.
A significant topic that affects multinationals is how much innovation and creativity are fostered in educational institutions. Creative and innovative people may offer original solutions to challenging business issues, which is essential for international corporations. Expecting a more ethical workplace is crucial, but fostering innovation and creativity is more relevant to multinationals.
The growth of a student is harmed by passively accepting what is taught, and international corporations need people who can think critically and solve issues on their own. Therefore, the most crucial component of education that global corporations look for in future workers is fostering creativity and innovation.
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A retirement plan found in nonprofit organization such as churches, hospitals, and schools. a. GIC b. 457 c. 401(k) d. 403 (b).
Answers
In the following question, among the given options, option D). 403 (b). A retirement plan found in nonprofit organizations such as churches, hospitals, and schools is "403(b)."
What is a 403(b) retirement plan? A 403(b) retirement plan also known as a tax-sheltered annuity or TSA plan is a kind of retirement plan that's typically available to employees of non-profit organizations, public school systems, and some government organizations.
The retirement plan of 403(b) is meant to aid in the future economic stability of employees who work for tax-exempt organizations such as charities, religious groups, and educational institutions.
What are the benefits of a 403(b) retirement plan? The tax advantages of contributing to a 403(b) retirement plan are one of its advantages. Your contributions are typically tax-deductible, and your retirement account grows tax-free until you withdraw the money during retirement. Furthermore, many employers who provide 403(b) retirement plans provide matching contributions to help you save more. Finally, you have control over where your money is invested, allowing you to make choices that align with your retirement objectives. Therefore the correct option is d. "403 (b). "
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Pizza Hut has Bread Sticks 6 for $2.50 and 1-topping pizzas at $12.99. How much is 24 breadsticks and 2-one topping pizzas with tax of 7%?
Answers
Answer:
Bread sticks: 6 × $2.50 = $15
Pizza: $12.99
$15 + $12.99 = $27.99
Tax: 7% = 0.07
$27.99 × 0.07 = $1.96 (approximate)
$27.99 - $1.96 = $26.03
hope this helped you!
Market failure occurs: Group of answer choices when the output level of the firm is efficient. when the output level of the firm is inefficient. when firms do not maximize profits. only in the presence of a monopoly. only in the presence of externalities.
Answers
Market failure occurs when the output level of the firm is inefficient or when firms do not maximize profits. Inefficient output levels can arise due to externalities, such as pollution, which are not accounted for in the firm's costs and hence lead to overproduction.
Similarly, firms may not maximize profits if they have market power, such as a monopoly, which can lead to higher prices and reduced output. Externalities can also result in market failure when the costs or benefits of a transaction are not fully reflected in the market price, such as the environmental impact of a product. In these cases, the market may not allocate resources efficiently and government intervention may be necessary to address the market failure.
It is important to note that market failure is not limited to any particular market structure, but rather can arise in any market where the conditions for efficient allocation of resources are not met.
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Sam and Christine both run their own lawn care businesses. Sam can mow a lawn in 30 minutes and trim a lawn in 20 minutes: Christine can mow a lawn in 20 minutes and trim a lawn in 20 minutes
Who has absolute and comparative advantage in trimming lawns?
А
Sam has comparative advantage in trimming lawns; no one has absolute advantage in trimming lawns.
B
Christine has comparative advantage in trimming lawns; no one has absolute advantage in trimming lawns.
С
Christine has absolute and comparative advantage in trimming lawns.
D
Sam has absolute and comparative advantage in trimming lawns.
Answers
Sam and Christine are both in the lawn care business, with their own lawns and customers.Christine has absolute and comparative advantage in trimming lawns.
Sam can mow a lawn in 30 minutes and trim a lawn in 20 minutes, while Christine can mow a lawn in 20 minutes and trim a lawn in 20 minutes. The key to this problem is to know how to convert minutes into hours. Once you have converted the time into hours, it's easy to figure out who has the faster work time. You may use these terms while writing the answer:Time, Minutes, Lawn care, Mowing, Trimming, Business, Speed.Conversion: Sam mows a lawn in 30 minutes, so in one hour, he can mow two lawns. To convert 30 minutes into hours, we divide 30 by 60, which is equal to 0.5 hours. Sam can mow 2 lawns per hour, which means he can mow 1 lawn in 0.5 hours and trim 1 lawn in 0.33 hours.Christine mows a lawn in 20 minutes, so in one hour, she can mow three lawns. To convert 20 minutes into hours, we divide 20 by 60, which is equal to 0.33 hours. Christine can mow 3 lawns per hour, which means she can mow 1 lawn in 0.33 hours and trim 1 lawn in 0.33 hours.Summary: Sam can mow and trim one lawn in 0.83 hours (0.5 + 0.33), while Christine can do it in 0.67 hours (0.33 + 0.33). Therefore, Christine is faster than Sam at lawn care. Christine can do the work in 0.67 hours, while Sam can do it in 0.83 hours.
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The amount of money received through wages, rents, investments, pensions, and subsidies is called
a.wealth.
b.discretionary income.
c.prosperity.
d.credit.
e.income.
Answers
Option e: Income is the total sum of money received in the form of wages, rents, investments, pensions, and subsidies.
Income, usually expressed in monetary terms, is the spending and savings opportunities acquired by a business over a period of time. Conceptually, income is difficult to define and may be defined differently in different areas. For example, a person's income may differ from income in the legal and economic sense.
Haig Simmons' income, which defines income as consumption + change in net worth, is widely used in economics and is a very important definition of income.
Income, as defined by tax law, is the aggregate sum of all wages, salaries, income, interest, rent, or other forms of income received by a family or individual in the United States in a calendar year. Gross income less taxes and other deductions (such as required pension payments) is a common definition of discretionary income and is often used as a measure of a taxpayer's benefits.
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a change in the price of a good results in a change in supply. is a determinant of supply. causes a shift in the supply curve. results in a change in quantity supplied.
Answers
A price increase almost usually causes a rise in the quantity of that commodity or service given, whereas a price decrease causes a decrease in the quantity supplied.
The elements responsible for a supply curve shift to the left or right. Input prices, weather conditions, technological advancements, as well as governmental taxes, regulations, and subsidies, can all modify the supply curve for goods and services, resulting in a different quantity being delivered for a given price. The price is the sum of money (usually not a negative amount) that one party exchanges with another in return for goods or services. Depending on the situation, the cost of production may go by a variety of names. If the object is referred to as a "good" in the context of a commercial exchange, its cost will likely be referred to as its "price." But if it's a "service," there will be other titles for this product that will work. A few situations are depicted, for instance, in the graph at the bottom. A good's price is influenced by a variety of factors, including production costs, the amount of the desired thing that is accessible, and consumer demand.
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Which investment has the least amount of default risk?
A)
junk bonds
B)
common stocks
c)
corporate bonds
D)
US Treasury bonds
Answers
Answer:
D....U.S. Treasury Bonds!