Answer:
C) luxury item, an increase
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price.
An elastic demand means a small change in price leads to a greater change in quantity demanded.
A luxury good is a good that isn't a necessity. They are usually bought as a status symbol.
Luxury goods usually have elastic demands.
Emeralds are luxury goods and if there's a fall in price of emeralds the quantity demanded of emeralds would rise.
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Answer:
The correct answer is: neither the first nor the second would promote growth.
Explanation:
A country with a relatively low level of real GDP per person is considering adopting two policies to promote economic growth.The first is to increase barriers to trade.The second is to restrict foreign portfolio investment.Which of these policies would most economist think would promote growth
One of the main statistical indicators used to measure the economic evolution of a country is the Gross Domestic Product (GDP). In the macroeconomic analysis of any State, the interpretation of this value is essential to know the degree of economic development and its trends.
The weak growth of productivity in many advanced and emerging market economies after the international financial crisis is raising concerns about growth prospects. A new study indicates that reducing barriers to international trade and foreign direct investment (FDI) could stimulate productivity and output.
The entry of portfolio investment into the country is associated with the yield and risk differentials of the country abroad. This means that a change in the perception of country risk is not necessary. Rather, they need to change in relation to existing alternatives in other countries. Therefore, significant movements in this area do not necessarily reflect a change in the state of the country's economy, however, they can have important repercussions on the exchange rate and other fundamental variables of the financial markets.
Answer:
real estate agent who leaves a job in Texas and searches for a similar, higher paying job in California
Explanation:
Frictional unemployment occurs when Labour leaves his job in search of another one. It is the period between Labour leaves current employment and get another one.
geologist who is permanently laid off from an oil company due to a new technological advance is an example of structural unemployment
worker at a fast-food restaurant who quits work and attends college is am example of voluntary unemployment.
autoworker who is temporarily laid off because of a decline in sales is an example of cyclical unemployment.
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Answer:
d. to better assign overhead costs to products
Explanation:
Activity-based costing is a method in which the overhead costs are assigned to the goods and this helps to create a relationship between the costs and the products to have a better understanding of the costs involved in the manufacturing process. According to this, the answer is that the best reason for using activity-based costing is to better assign overhead costs to products.