The utility is given by U(C, L) = C^1/4L^3/4, what's the marginal rate of substitution?
Answers
The marginal rate of substitution (MRS) for the utility function U(C, L) = \(C^{(1/4)}L^{(3/4)\) is equal to - (1/3) times the ratio of L to C, or - (1/3) * (L/C).
To determine the marginal rate of substitution (MRS) for the utility function U(C, L) = \(C^{(1/4)}L^{(3/4)\), we need to calculate the ratio of the partial derivatives of C and L.
The MRS is given by:
MRS = - (∂U/∂C) / (∂U/∂L)
Let's calculate the partial derivatives first:
∂U/∂C = \((1/4)C^{(-3/4)}L^{(3/4)\)
∂U/∂L = \((3/4)C^{(1/4)}L^{(-1/4)\)
Now, we can substitute these partial derivatives into the MRS formula:
MRS = - \([(1/4)C^{(-3/4)}L^{(3/4)}] / [(3/4)C^{(1/4)}L^{(-1/4)}]\)
Simplifying the expression, we can cancel out some terms:
MRS = \(- [(1/4)/(3/4)] * (C^{(-3/4)}L^{(3/4)}) / (C^{(1/4)}L^{(-1/4)})\)
= \(- (1/3) * (C^{(-3/4)}L^{(3/4)}) * (C^{(1/4)}L^{(-1/4)})\)
Simplifying further:
MRS = - (1/3) * (L/C)
Therefore, the marginal rate of substitution (MRS) for the utility function U(C, L) = \(C^{(1/4)}L^{(3/4)\) is equal to - (1/3) * (L/C).
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Related Questions
3. Which of the following is the best example of land?
The ethanol refined from corn.
a. A factory that produces new goods and services.
b. The water used to make a soft drink.
c. A barber's chair.
Answers
A barber's chair is the best example of land. Therefore, the correct option is D.
The best example of land among the given options is a barber's chair. Land refers to the natural resources, including physical space and materials found on or beneath the Earth's surface. In this case, the barber's chair represents a physical object that is a result of transforming raw materials from the Earth.
The chair itself is made from various materials such as wood, metal, and fabric, which are derived from the land. It is not refined from other products or involved in the production of new goods and services like the other options. The water used to make a soft drink is a resource derived from land, but it is not a direct representation of land itself.
Therefore, the correct option is D.
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------------The given question is incomplete, the complete question is:
"Which of the following is the best example of land?
A. The ethanol refined from corn.
B. A factory that produces new goods and services.
C. The water used to make a soft drink.
D. A barber's chair."-------------------
HELP PLS
In the hospitality and tourism industry, assets are
A) areas that are off limits to guests such as managerial offices or staff room areas
B) when more rooms, seats, or tickets than available are booked to offset guests who do not show up
C) reasons to visit an area such as attractions, restaurants, and hotels in a specific region
D) when guests are offered a better room, seat, or situation than what they booked
Answers
Answer:
C
Explanation:
1. Based on the profit-loss statement, does Rings and Things have a positive or negative cash flow?
Why?
Answers
Answer:
They have a negative cash flow.
Explanation:
Because their net operating activities is not breaking even, in other words, they are losing money.
Sam received $10.50 in interest after placing money in his bank. if the account paid 4% in simple interest and he only left it in the account for 9 years, what is the principal?
Answers
Answer:
$29.166
Explanation:
I = p x r x t
Where I= Interest: $10.50
P= principal amount: ????
r= interest rates: 4% or 0.04
t= time in years: 9
Therefore;
$10.50 = P x 0.04 x 9
$10.50 = P0.36
P=$10.50/0.36
P=29.166
Principal = $29.166
I need to find the social security and Medicare. Please let me know how you got your answer as well!
Answers
Answer:
See below
Explanation:
Social security and medicare per period
1. Otto:
Pay per period = 76,432/ 12
=6,369.33
social security = 6.2% of 6,369.33
=6.2 /100 x 6,369.33
=394.898
=394.9
medicare = 1.45 % of 6,369.33
=1.45/100 x 6,369.33
=92.355
=92.36
2. G. Hernandez :
Pay per period= 43,902 / 26= 1,688.54
social security =6.2% of 1,688.54
=6.2/100 x 1,688.54
=104,689
=104.69
medicare=1.45 of 1,688.54
=1.45/100 x 1,688.54
=24.48
A.Toms:
Pay per period = 20,235 /12 =1,686.25
social security = 6.2 % of 1,686.25
=6.2/100 x 1,686.25
=104.55
Medicare = 1.45 % of 1,686.25
=1.45/100 x 1,686.25
=24.45
Compare the product life cycle to the business cycle. Include at least one similarity and one difference.
Answers
Explanation:
A product life cycle refers to the life of a product in the market, and the processes that it goes through in relation to the business costs, as well as the sales measures. The business life cycle is the progression of a business in phases over time and is most commonly divided into five stages: launch, growth, shake-out, maturity, and decline. One major similarity between the product and project life cycles is that both are comprised of different and several phases or stages. These phases are very vital because they ensure that the requirements of the cycles are provided for and that both the goals and the objectives of the cycles are achieved. For instance, while some of the phases of the product cycle include the growth and maturation stages, those of the project life cycle include the birth and closure phases. The aim of integrating the phases in the life cycles is to ensure that there is proper coordination of the activities that take place in the cycles. The two cycles are closely related to each other. In some cases, a product may consist of more than one project, where the projects act as the subset of the product. This makes it necessary for the bigger product view to be put into consideration when it comes to project management. The product and project life cycles face various challenges which demand the adoption of strategies in the cycle phases, with the aim of ensuring that the cycles give the desired results.
Paid Rs.4,500 to Anita after deducting 10% discount.
Answers
Answer:
4050
Explanation:
=10%of 4500
=450
now,
4500-450=4050
Econmics. 'Cause Lord knows that I don't be paying any kind of attention in that class
Answers
Answer:
lol
Explanation:
Complete the following schedule for each case. Assume that the shareholders have a sufficient basis in the stock investment. All distributions are made at year end (December 31) except for part (e). For part (e) assume the $130,000 distribution is made on June 30. The corporation uses the calendar year for tax purposes.
Accumulated E & P Cash Dividend Return of
Beginning of Year Current E & P Distribution Income Capital
a. ($200,000) $70,000 $130,000 $ $
b. 150,000 (120,000) 210,000 $ $
c. 90,000 70,000 150,000 $ $
d. 120,000 (60,000) 130,000 $ $
e. $120,000 ($60,000) $130,000* $ $
The distribution of $130,000 is made on June 30 and the corporation uses the calendar year for tax purposes
Answers
The Accumulated Earnings and Profits (E&P) of the corporation is: negative ($200,000) at the beginning of the year.
(a) During the year, the corporation generates current E&P of $70,000 and distributes $130,000 in cash dividends to its shareholders.
Since the cash dividends exceed the current E&P, the excess amount of $130,000 is treated as a return of capital to the shareholders. As a result, the ending balance of Accumulated E&P is ($130,000).
(b) The Accumulated E&P of the corporation is $150,000 at the beginning of the year. During the year, the corporation incurs a loss of ($120,000), generates current E&P of $210,000, and distributes $0 in cash dividends to its shareholders.
Since the corporation incurs a loss for the year, the Accumulated E&P is reduced by the amount of the loss. As a result, the ending balance of Accumulated E&P is $30,000.
(c) The Accumulated E&P of the corporation is $90,000 at the beginning of the year. During the year, the corporation generates current E&P of $70,000 and distributes $150,000 in cash dividends to its shareholders. Since the cash dividends exceed the current E&P, the excess amount of $80,000 is treated as a return of capital to the shareholders. As a result, the ending balance of Accumulated E&P is $110,000.
(d) The Accumulated E&P of the corporation is $120,000 at the beginning of the year. During the year, the corporation incurs a loss of ($60,000), generates current E&P of $130,000, and distributes $130,000 in cash dividends to its shareholders. Since the cash dividends equal the current E&P, there is no return of capital.
As a result, the ending balance of Accumulated E&P is $60,000.
(e) The Accumulated E&P of the corporation is $120,000 at the beginning of the year. During the year, the corporation incurs a loss of ($60,000), generates current E&P of $130,000, and distributes $130,000 in cash dividends to its shareholders on June 30. Since the cash dividends equal the current E&P, there is no return of capital.
As a result, the ending balance of Accumulated E&P is $60,000* as the distribution was made midway through the year.
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Which of the following factors would make the demand for a good elastic?
The good is a necessity.
The consumer does not have much time to shop for alternatives.
The good has many substitutes.
The good is only produced by one company, a monopoly.
Answers
Answer:
The god has manmyuuuu substitustes
Explanation:
griswold company began the year with assets of $64,000 and stockholders' equity of $26,000, of which $16,000 was retained earnings. at the end of the year, total assets stayed the same, net income was $8,000, and $7,000 was paid out in dividends. what was griswold's approximate return on equity?
Answers
Griswold's approximate return on equity is 29.6%. Therefore the correct option is A.
Return on equity (ROE) is the ratio of a company’s net income and the total equity of its shareholders. This can be calculated by taking the net income and dividing it by its total equity.
Hence,
ROE = Net Income/Stockholders’ Equity
Since the Beginning shareholders' equity is provided, the ending shareholders' equity is calculated using the following formula:
Beginning shareholders' equity = Ending shareholders' equity - Net income + Dividends
26,000 = Ending shareholder’s equity – 8,000 + 7,000
Ending shareholder’s equity =27,000
Hence,
ROE = 8,000/27,000 = 0.2962 or 29.6%
In conclusion, the approximate return on equity for Griswold Company is 29.6%. This means that the company has generated an estimated return of 29.6% on its shareholders' investment. The correct option is A.
Note: The question is incomplete. The complete question probably is: Griswold Company began the year with assets of $64,000 and stockholders' equity of $26,000, of which $16,000 was retained earnings. At the end of the year, total assets stayed the same, net income was $8,000, and $7,000 was paid out in dividends. What was Griswold's approximate return on equity? a 29.6% b 30.8% с 26.4% d 30.2%
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HELP ASAP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
About which activity or aspect of the distribution function does David need more guidance?
David works as a warehouse employee for a business that manufactures kitchenware. The utensils and other items that the business manufactures are extremely delicate. Recently, David dropped some expensive glassware when he was loading the items in a truck. David’s manager has decided to provide him better guidance about an important aspect of distribution, which is BLANK.
Answers
Answer: I think it’s marketing
Explanation:
Which person has the highest taxable income?
Person A: Earns $50,000 per year with $5,000 in deductions
Person B: Earns $60,000 per year with $10,000 in deductions
Person C: Earns $90,000 per year with $30,000 in deductions
Person D: Earns $100,000 per year with $60,000 in deductions
A. Person B
B. Person D
C. Person A
D. Person C
Answers
Answer:
D. Person C
Explanation:
Taxable income is the difference between the gross pay and all authorized deduction.
For person A : taxable income = $50,000 - $5000 = $45,000
For Person B: taxable income =$60,000 - $10,000 = $50,000
For Person C: taxable income= $90,000 - $30,000 = $60,000
For Person D: taxable income=$ 100,000 - $60,00= $40,000
Person C has the highest taxable income with $60,000
Answer: person c
Explanation:
a pe x
When a firm is able to successfully employ a blue ocean strategy, it will create a competitive advantage by
Answers
Answer: Beating rivals on product attributes while offering a better price is your answer.
Hope this helped!
When a blue ocean strategy is adopted, it will create a competitive advantage by beating one's rivals on product attributes while offering a better price.
What is the blue ocean strategy?In marketing, the strategy involves use of simultaneous pursuit of differentiation and low cost with an aim of opening up a new market space and create new demand.
Hence, the adoption of this strategy will create a competitive advantage by beating one's rivals on product attributes while offering a better price.
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Competition among sellers (producers) lowers costs and prices, and encourages producers to produce more of what consumers are willing and able to buy.
A. Explain how the above (free market competition) would be an advantage for you, the consumer.
B. Describe how an oligopoly OR monopoly could inhibit competition among businesses.
Answers
Answer:
A. Explain how the above (free market competition) would be an advantage for you, the consumer.
Free market competition is advantageous to the consumer because it promotes the supply of many goods and services, at a lower price than other market structures like oligopoly or monopoly.
In the free market, there are many firms, none have market power, and they produce goods and services that have many substitutes. This means that if a firm raises the price of a good, consumers simply flock to another firm that offers a similar product. This mechanism obliges firms to offer their goods at the market-clearing price, which is the best price for the consumer.
B. Describe how an oligopoly OR monopoly could inhibit competition among businesses.
Oligopolies ocurr when there are only a few firms in the market, and monopoly ocurrs when there is only one firm. These two market structures allow firms to charge higher prices than the market-clearing price, and to supply less quantity than the market-clearing quantity.
Besides, oligpolies and monopolies are characterized by high barriers to entry and exit, which keep potential competing firms out of market, inhibiting competition.
LaBouche Company had cash receipts from customers in 2017 of $142,000. Cash payments for operating expenses were $97,000. Kelly has determined that at January 1, unearned service revenues was $13,000, and prepaid expenses were $17,500. At December 31, unearned service revenues was $18,600, and prepaid expenses were $23,100. The service revenues on cash basis is:
Select one:
a. $155,000
b. $147,600
c. $142,000
d. $136,400
Answers
At the end of the year, prepaid expenses were $23,100 and unearned service revenues were $18,600. The service's cash basis revenues total $136,400.
$142,000 plus $97,000, or $136,400, is the service revenue on a cash basis.
Revenue is the money made from regular business operations and is calculated by multiplying the average sales price by the quantity of units sold. In order to calculate net income, costs must be deducted from the top line (or gross income) figure. On the income statement, revenue is also known as sales.
A company's revenue is the money generated by its operations. Depending on the chosen accounting approach, there are several ways to compute revenue. Sales made using a credit card will be counted as revenue for products or services that were delivered to the customer. In accordance with some regulations, revenue is recorded even if payment has not yet been made.
To determine how effectively a business collects unpaid debt, it is important to review the cash flow statement. Contrarily, sales will only be recorded as revenue in cash accounting after money has actually changed hands. A "receipt" is money given to a business. An example of an activity that results in a receipt but no revenue is when a consumer prepays for a service or undeliverable products.
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An investment counselor calls with a hot stock tip. He believes that if the economy remains strong, the investment will result in a profit of $40 comma 00040,000. If the economy grows at a moderate pace, the investment will result in a profit of $10 comma 00010,000. However, if the economy goes into recession, the investment will result in a loss of $40 comma 00040,000. You contact an economist who believes there is a 2020% probability the economy will remain strong, a 7070% probability the economy will grow at a moderate pace, and a 1010% probability the economy will slip into recession. What is the expected profit from this investment?
Answers
Answer: 11,000
Explanation:
Given the following :
PROFIT on investment when economy is strong = 40,000
Profit on investment when economy is moderate = 10,000
Loss on investment if economy goes into recession = 40,000
Probability that economy remains strong = 20%
Probability that economy will grow moderately = 70%
Probablity of slipping into recession = 10%
Expected profit on investment :
(20% × 40,000) + (70% × 10,000) - (10% × 40000)
(0.2 × 40000) +(0.7 × 10,000) - (0.1 × 40000)
8000 + 7000 - 4000 = 11,000
the answer to number 3 please ?
Answers
Creating an anonymous complaint or grievance process is something
employers can implement to prevent which of the following?
O A. Layoffs
B. Harassment
C. Taxed income
D. Arguments
Answers
hope I could help goodluck
What are three elements of negligence?
Actual Harm
Breach of duty
State of mind
Duty of care
Proximate cause
Motive
Answers
Answer:
actual harm
breach of duty
duty to act
Of the following types of funds, which one would account for fixed assets like a "for-profit organization? a. Enterprise Fund. b. General Fund. c. Internal Service Fund. d. Investment Trust Fund.
Answers
a) Enterprise Fund account for fixed assets like a "for-profit organization(a).
An Enterprise Fund is a type of fund used by government entities to account for business-like activities that are primarily intended to generate revenue.
It is used for operations that are similar to those of a for-profit organization, such as providing goods or services to the general public in exchange for fees or charges. Fixed assets, such as buildings, equipment, and land, are typically accounted for in an Enterprise Fund as they are used in revenue-generating activities.
Enterprise Funds are established by governments when they want to account for their business-type activities separately from other governmental activities. They are self-supporting, meaning they are intended to generate enough revenue to cover their own costs and debt service.
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You plan to set aside $500 for 5 years. The account pays annual interest of 8 percent, compounded quarterly. The ending balance (principal plus interest) will be ___at the end of 5 years.
Answers
Answer:
$942.27
Explanation:
The applicable formula for this case is A = p x ( 1 + r) ^ n
Where A is the amount after 5 years
p = Principal amount: $500
r = Interest rate : 8 % or 0.08 per year.
quarterly interest rate = 0.08/4 = 0.02
n = number of period : 8 year or 32 quarters (8 years x 4 )
A = $500 x (1 + 0.02) ^32
A= $500 x (1.02)^32
A =$500 x 1.88454
A=$942.27
Amount after five years will be $942.27
A city property tax bill of $5,000 for a person in the 25% tax bracket results in:
A. a federal income tax savings of $1,250 for the taxpayer
B. a reduction of $5,000 in taxable income for the taxpayer
C. an extra $1,250 for the federal government
Answers
Answer:
Explanation: The right answer is A, which represents a taxpayer savings of $1,250 in federal income taxes.
A taxpayer in the 25% tax rate can deduct $5,000 of their property tax payments from their taxable income. As a result, their taxable income is decreased by $5,000. The deduction amount multiplied by the taxpayer's marginal tax rate of 25% results in the amount of federal income tax that is avoided as a result of this deduction. So, the taxpayer saves $1,250 in federal income taxes.
Answer: I may be wrong but I think b
Explanation:
Suppose that a year of college has the following explicit costs: $17000 in tuition, $1000 in books and supplies, and $1500 for a computer. A year of college also has the following implicit cost: $35000 of foregone salary. A rational person would attend one year of college if the additional income and improved quality of life were worth how much
Answers
Answer:
A rational person would attend one year of college if the additional income and the improved quality of life were worth more than the cost of attending college for the year or more than $19,500
Explanation:
The given parameters are;
The tuition cost for a year of college = $17,000
The cost of books and supplies = $1,000
The cost for a computer = $1,500
The amount of forgone salary = $35,000
Therefore, the total cost for a year of college = $17,000 + $1,000 + $1,500 + $35,000 = $54,500
However, the amount by which a year in college exceeds the previous income = The cost of going to college $17,000 + $1,000 + $1,500 = $19,500
Therefore, a rational person would attend one year of college if the additional or extra income above the previous income and the improved quality of life were worth more than the cost of going to college for one year which is $19,500.
Using an EDM instrument with a manufacturer’s specified accuracy of ±(3 mm + 5 ppm), the rectangular dimensions of a large building 1435.67 ft by 453.67 ft were laid out. Assuming only errors in distance measurements, what are the:
a) standard deviations in the building’s dimensions?
b) area enclosed by the building, and its standard deviation?
(this question is related to least square estimation in surveying)
Answers
a) The standard deviation in the building's dimensions can be determined using the manufacturer's specified accuracy of ±(3 mm + 5 ppm).
b) The standard deviation of the building's area can be calculated using the least square estimation method in surveying.
a) To calculate the standard deviation in the building's dimensions, we utilize the manufacturer's specified accuracy of ±(3 mm + 5 ppm). This accuracy value represents the maximum potential error in the measurements. By multiplying this value by the corresponding dimensions of the building (1435.67 ft and 453.67 ft), we can determine the standard deviation for each dimension.
b) The area enclosed by the building can be calculated as the product of its length and width. To estimate the standard deviation of the area, we employ the least square estimation method in surveying. This involves taking partial derivatives of the area formula with respect to length and width, and using these derivatives along with the standard deviations of the dimensions to compute the standard deviation of the area.
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in inventory management, when variability of the lead time decreases it will cause the safety stock to increase?
Answers
No, when the variability of lead time decreases, it will not cause the safety stock to increase in inventory management. In fact, the opposite is true.
Lead time is the time between placing an order for inventory and receiving the order. Variability in lead time refers to the extent to which lead times vary or fluctuate over time.
When lead time variability is high, there is greater uncertainty in the timing of inventory arrivals, which can lead to stockouts or shortages if inventory levels are not properly managed. To mitigate this risk, companies often maintain a safety stock, which is a buffer of extra inventory held to protect against unexpected demand or delays in replenishment.
When lead time variability decreases, however, the risk of stockouts or shortages decreases as well, since there is less uncertainty in the timing of inventory arrivals. As a result, the need for a safety stock is reduced, and inventory levels can be managed more efficiently. Therefore, when variability of the lead time decreases, it can lead to a decrease in the required safety stock, rather than an increase.
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Record the following transactions on the books of ras co.
a. on july 1. ras co. sold merchandise on account to waegelien inc. for $ 17,200, terms 2/10. n/30
b. on july 8. waegelien inc. returned merchandise worth$3,800 to ras co.
c. on july 11. waegelien inc. paid for the merchandise
Answers
A credit of $17,200 is given to sales revenues, and a debit of $17,200 is given to receivables.
What exactly is a payment discount?One type of trade financing is an early payment discount, when the buyer pays the supply well before invoice maturity date but fails to pay the occurs when the buyer pays the supply before the invoice maturity date but fails to pay the whole amount due on the invoice. A cash discount and a quick payment discount were two additional words that are frequently used to refer to an early payment discount.
Unless another day is specified in the contract, the discount date is the day that comes ten (10) days after the bill's due date. Net rates may no longer be used to cover water and/or sewer costs after the discount date.
To be recorded in the Ras Co. books are the following transactions.
Accounts Receivables- (dr.) $17,200
Sales Revenues- (cr.) $17,200
(to record purchase)
sales allowance & returns- (dr.) $3,800
accounts receivables- (cr.) $3,800
( to record sales allowance )
Cash- (dr.) $13,132
sales discounts- (dr.) $268
Accounts receivable- (cr.) $13,400
(to record collecting within discount)
We determine the account's balance by:
17,200 - 3,800 = 13,400
Since it is inside the discount date, we apply the discount.
13,400 x 2% = 268
Finally, we calculate the money collected:
13,400 nominal - 268 discount = 13,132
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D. Short answer questions:
a. Compare the monopoly’s price and quantity with that of a
perfectly competitive firm’s. Which is better for the consumer?
b. How can government regulation of a monopoly increase the
allocative efficiency of the monopoly?
Answers
Answer:
Explanation:
a. Monopoly has no competition so it can charge a higher price and produce less quantity when compared to a perfectly competition. For a consumer, perfectly competition which provides more goods at a lower price is better.
b. Due to lack of competition, monopoly does not have to be efficient in its resource allocation. To increase the allocative efficiency, the government can pass regulation to limit price charged and increase quantities of goods produced by the monopoly.
Answer:
Explanation:
compared 2 perfectly competitive firms, monopoly charges higher price and produces less quantity.
perfectly competitive firms are better for consumer
govt regulation can increase monopoly's efficiency by putting restriction on price n requiring quantity of goods produced.
Junktrader is an online company that specializes in matching buyers and sellers of used items. Buyers and sellers can purchase a membership with junktrader, which provides them advance notice of potentially attractive offers.
Answers
Junktrader is an online company that focuses on linking buyers and sellers of used products. Buyers and sellers can acquire a subscription with junktrader, which grants them early notice of potentially attractive offers.
The given statement describes the operations of the online business that is Junktrader. Junktrader is an online marketplace that operates by matching buyers and sellers of used items to enable sales and purchases of used products. To gain advance notice of potentially attractive offers, both buyers and sellers can purchase a subscription with Junktrader, which will keep them informed of potentially profitable transactions. The goal of Junktrader is to make it simple and convenient for individuals to acquire and sell used items. It's essential to have an effective and efficient marketplace in order to make the experience of buying and selling used items easy, and Junktrader provides that.
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Classical economists argue that using fiscal policy to fight a recession doesn't make workers better off.
a. True
b. False
Answers
Answer: true
Explanation: In economics and political science, fiscal policy is the use of government revenue collection and expenditure to influence a country's economy.