Macroeconomics Which of the following statements is true? a. A college degree does not influence the earnings of workers. b. The median pay of economics majors increased more in dollar terms than any other majors in 2015. c. People with 0–5 years of work experience earn more than people with 10–20 years of work experience in all major fields. d. Students majoring in economics earned more than students majoring in engineering in the U.S. in 2015.

Answers

Answer 1

Answer: b. The median pay of economics majors increased more in dollar terms than any other majors in 2015.

Explanation:

Several sources have shown that Economics majors had the highest per dollar increase of all majors in 2015.

This has been put down to the need for more economists in the field as the years go by and world economics becomes more uncertain. Another key factor is the level of specialization and expertise required of economists as most entry level economists jobs require a masters at the very least.


Related Questions

Question in picture.

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I’d say it’s the 4th one.
it is most definitely the 4th one.

what is stakeholders​

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Answer:

A stakeholder is a party that has an interest in a company and can either affect or be affected by the business.

Hope this helped you!

Explanation:

If the price of cocoa rises by 20 percent, the quantity supplied of cocoa rises by 4 percent. What is the elasticity of supply?

Answers

Answer: 0.2

Explanation:

Elasticity of supply shows the responsiveness to the quantity supplied for a good or service to changes in market price. Supply is  Elastic if its elasticity is greater than 1  and inelastic if elasticity is less than 1

Elasticity of supply = Percentage change in  quantity supplied / Percentage change in Price

= 4%/ 20%

=0.2 which is inelastic.

When the mortgage rates get high, the housing market will collapse, as fewer people will take loans for buying houses because of higher interest rates, and this will result in a

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Loss in profit for the housing market.

To pay for investment advice from financial consultants Smith and Jones, Tony signs a check payable to "Smith or Jones." A proper indorsement of the check is: a.not possible. b."Smith" and "Jones" only. c."Smith" only, or "Jones" only, but not "Smith" and "Jones." d."Smith" only, or "Jones" only, or "Smith" and "Jones."

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Answer:

to Smith only, or Jones only, or Smith and Jones

Explanation:

In this specific scenario, a proper indorsement of the check would be to Smith only, or Jones only, or Smith and Jones. That is because a check needs to be as specific as possible and cannot have various options. The check needs to be made to a single specific individual and if it is for more than one individual then both need to be included as a requirement (and). Making it so that both recipients must cash the check together for it to be accepted.

Can a notary advertise saying on time 24/7. Is this allowed

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Answer:

A Notary Signing Agent creates a new advertisement in the local Pennysaver that uses the phrase "On time 24/7." Is this allowed? Yes, this is allowed.

On freeways, passing other vehicles... Is a way of showing who is "king of the road". Should be avoided at all costs. Prevents one from becoming drowsy. Is an essential component of driving.

Answers

Answer:

is an essential component of driving

Explanation:

On freeways, passing other vehicles is an essential component of driving. On a freeway, there are a variety of lanes with each lane specified for a specific speed range which moves from slowest (far right lane) to fastest (far left lane). Many times individuals may not follow these speeds and other drivers must learn how to successfully pass these vehicles safely and correctly if they are driving in freeways.

If the purpose of your message is to ask local businesses to sponsor your event, your desired outcome would most likely be

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Answer:

the business will provide finance for the event

Explanation:

When messages are sent to business, local or international, to sponsor events, it is more often than not thought to be a request fro financial backing or financial muscle for the event. For this reason, the business being courted does not involves itself in the event but rather provides financial aid and maybe send out company representatives to see the event if necessary.

Cheers.

If a firm's fixed assets turnover ratio is significantly higher than its industry average, this could indicate that it uses its fixed assets very efficiently or is operating at over capacity and should probably add fixed assets.
a) true
b) false

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Answer:

a) true

Explanation:

If a firm's fixed assets turnover ratio is significantly higher than its industry average, this could indicate that it uses its fixed assets very efficiently or is operating at over capacity and should probably add fixed assets.

Fixed asset turnover ratio can be defined as an efficiency ratio which gives the ratio of sales to the value of fixed assets owned by an organization.

Generally, it is calculated by dividing an organization's net sales by its net assets such as equipment, factory, and property. However, the fixed assets equals the fixed asset minus depreciation. When the fixed assets turnover ratio is high, it simply means that the organization is efficiently using its fixed assets to improve or generate more sales and vice-versa.

An affiliate of an issuer that holds control stock for five months sells 1,000 shares for a $10,000 profit. How will this transaction be treated

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Answer:

The Profit will be given to the insurer after been removed from the affiliate .

Explanation:

Based on the information given this transaction be treated by removing the profit which is the amount of $10,000 from the affiliate which is an affiliate of the insurer and then given the insurer the profit amount of $10,000 which was removed from the affiliate reason been that the control stock was been holds by the affiliate for five months in which it was later sold which means that the control stock was sold before the six month holding period.

Therefore the Profit will be given to the insurer after been removed from the affiliate .

Products are invented and revised by which department? Marketing Production Research and Development Finance

Answers

Answer:

Research and Development

Explanation:

Research and Development department is responsible for the new product development and any kind of modifications in the products. This department is responsible for investigation done by the organisation to improve the existing products and developing of new related products. Nowadays companies are more amounts for Research and Development, then only the organisation can survive in the market. The department aims to make new ideas, information and technology that improves the products effectiveness.

During 2019, Rainbow Umbrella Corp. had sales of $820,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $575,000, $90,000, and $160,000, respectively. In addition, the company had an interest expense of $100,000 and a tax rate of 21 percent. (Assume that interest is fully deductible.) Suppose the company paid out $57,000 in cash dividends. If spending on net fixed assets and net working capital was zero, and if no new stock was issued during the year, what was the net new long-term debt?

Answers

Answer:

$2000

Explanation:

The computation of the net new long term debt is shown below:

Before that we need to do the following calculations

Sales $820,000

Less:

Cost of Goods sold $575,000

administrative and selling expenses $90,000

Depreciation $160,000

EBIT -$5,000

less: Interest $100,000

Taxable income –$105,000

Taxes (21%) 0

Net income -$105,000

Now Operating cash flow is

= EBIT + Depreciation -Taxes

= -$5,000 + 160,000 - 0

= $155,000

As we know that

Change in NWC = Net capital spending = Net new equity = 0

Cash flow from assets = OCF – Change in NWC – Net capital spending

where,

Cash flow from assets is

= $155,000 - 0 - 0

= $155,000

Cash flow to stockholders is

= Dividends - Net new equity

= $57000 - 0

= $57000

Cash flow to creditors = Cash flow from assets - Cash flow to stockholders

= $155000 - 57000

= $98,000

Cash flow to creditors = Interest - Net new LTD

Net new LTD = Interest - Cash flow to creditors

= $100,000 - 98,000

= $2000

he set of activities that transforms raw resources into the goods and services end users purchase and consume is called the:

Answers

Answer:

Value chain

Explanation:

As seen above, a value chain can be defined as the activities that transform raw materials into goods and services. That is the process that raw materials underwent to become something of value to end users that they can either purchase or that is edible.

Cheers

A new per unit tax on yacht production decreases the supply of yachts. If yachts are elastically demanded, what will happen to total revenues from yacht production?

Answers

Answer:

Total revenue would fall

Explanation:

The decrease in the supply as a result of the unit tax would lead to an increase in the price of yacht.

Since the demand for yacht is elastic, the demand for yacht is sensitive to price. As a result of the rise in price, the quantity demanded of yachts would fall. As a result, total revenue would fall

Elastic demand means that quantity demanded is sensitive to price changes. A small change in price would lead to a greater change in quantity demanded.

An extended warranty contract (Select all that apply.) provides protection beyond the manufacturer's original warranty. is considered an integral part of the related product. essentially constitutes a separate performance obligation.

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Answer:

provides protection beyond the manufacturer's original warranty.

essentially constitutes a separate performance obligation.

Explanation:

An extended warranty contract can be defined as an elongation of the coverage period on a service agreement between a manufacturer and the customer.

An extended warranty contract;

1. provides protection beyond the manufacturer's original warranty.

2. essentially constitutes a separate performance obligation.

You win a lottery with a prize of $1.5 million. unfortunately the prize is paid in 10 equal annual installments. the first payment is next year. how much is the prize really worth? the discount rate is 8 %.

Answers

Answer:

PV= $1,006,512.21

Explanation:

Giving the following information:

Annual payments= $150,000

Discount rate= 8%

Number of periods= 10 years

First, we need to calculate the future value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual payment

FV= {150,000*[(1.08^10) - 1]} / 0.08

FV= $2,172,984.37

Now, we can determine the present value:

PV= FV/(1+i)^n

PV= 2,172,984.37/(1.08^10)

PV= $1,006,512.21

What is an advantage of a Limited Liability Company?

Answers

Answer:

llc ,No restrictions on the number of members allowed

pass through taxation

Select the qualification that is best demonstrated in each example. Carmen is a Parts Salesperson who has a professional attitude and speaks well to customers. Norma is a Farm Equipment Mechanic who is good at identifying why a piece of machinery is not working. Everett is an Agricultural Equipment Operator who works well alone and stays focused.

Answers

Answer:

its communication skills   Problem-solving skills       independence

Explanation:

Carmen: Demonstrates excellent communication skills and professional attitude.

Norma: Demonstrates strong problem-solving skills and expertise in diagnosing mechanical issues.

Everett: Demonstrates the ability to work independently and maintain focus on the task at hand.

What are communication skills?

Communication skills refer to the ability to convey information effectively and efficiently through verbal and nonverbal means. These skills include listening, speaking, writing, and presenting in a clear, concise, and compelling manner.

Good communication skills also involve being able to tailor the message to the audience and being able to understand and interpret the messages of others.

Other important communication skills include the ability to ask good questions, provide feedback, resolve conflicts, and build relationships. Effective communication is essential in both personal and professional settings and is a key component of success in many areas of life.

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what are the three types of inherent value money can have

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Answer:

commodity value, representative value, and also fiat value.

The three types of inherent value money can have is

commodity value representative value fiat value.

What is Money?

Money is referred to as an exchange medium with the help of which purchasing and selling are made. This money comes in the form of currency which is paid by an individual while making purchases.

In ancient times when currencies are not developed people used a barter system in order to purchase things. For example, they can sell their livestock in order to buy food. The exchange can also be done in metals or precious stones.

The money which has intrinsic value in the market is referred to as commodity money. Fiat money is referred to as money which y was given legal standing in the market without any obligations.

The representational worth of the money that is traded in response to a particular commodity's demand which indicates its real worth in teh market.

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Henly Company enters into a contract to transfer a product to Propel Inc. On July 31, 2019. It is agreed that Propel will pay the full price of $10,000 in advance on April 15, 2019. Henly delivers the product on July 31, 2019. The cost of the product is $7,500. Requirement: What journal entries are required in 2019?

Answers

Answer and Explanation:

The journal entries are shown below:

1. No journal entry should be recorded for entered into a contract

2. On April 15

Cash Dr $10,000

      To Unearned sales revenue $10,000

(Being advance is recorded)

3. On July 31

Unearned Sales Revenue $10,000

         To Sales Revenue        $10,000

(Being the unearned sales revenue is recorded)

Cost of Goods Sold   $7,500

         Inventory              $7,500

(Being the cost of a product is recorded)

Businesses, individuals, and governments often need to raise capital, while others have surplus funds. In a well-functioning economy, capital flows efficiently from those with surplus capital to those who need it. Transfers can take place in 3 ways: -Select- transfers without going through any type of financial institution, -Select- transfers through investment banks that underwrite the securities, and indirect transfers through financial -Select- that create new forms of capital.

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Answer:

1. Transfers without going through any type of financial institution - DIRECT TRANSFER

Direct transfer of funds refers to the scenario where the people who have surplus capital are able to get it to those who need it directly without the use of an intermediary.

2. Transfers through investment banks that underwrite the securities, and indirect transfers through financial ... - INDIRECT TRANSFER

When the funds flow through an intermediary such as an Investment bank or other financial institutions, the transfer is indirect.

3. INTERMEDIARIES that create new forms of capital.

Intermediaries take the surplus capital from those who have it and then create new forms of capital such as loans and equity investments to enable them pass the funds to those who need it.

Debt that is callable by the creditor in the upcoming year, but is not expected to be called, is reported as

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Answer: current liability

Explanation: Callable debts are simply called bonds (an investment instrument whereby an individual or investor loans a certain amount to an organization in other to finance a project or business that yields profit) which the creditor or issuer call of or terminate a bond before it reaches maturity usually due to decline or decrease in the interest rate on investment, which could have fallen below or seem illogical given the Interst rate in the bond. As such, bonds which are Callable are reported as current liabilities even when they are not expected to be called as current liabilities should include all of an organization's debt or liabilities which should be cleared within 12 months(current fiscal year).

On June 1, 2016, Enne Brahtz Corporation received $3,600 as advance payment for 12 months' advertising. The receipt was recorded as a credit to Unearned Fees. What adjusting entry is required on December 31, 2016?

Answers

Answer:

Unearned Fees ($3,600 × 6 months ÷ 12 months) $1,800

       To Advertising revenue $1,800

(Being the adjusting entry is recorded)

Explanation:

The adjusting entry is shown below;

Unearned Fees ($3,600 × 6 months ÷ 12 months) $1,800

       To Advertising revenue $1,800

(Being the adjusting entry is recorded)

Here we debited the unearned fees as it decreased the liability and credited the advertising revenue as it increased the revenue account

The six months could be computed from June 1 to December 31

The adjusting entry for the transaction includes Debit to Unearned Fees $1,800 and Credit to Advertising revenue $1,800.

Date  Account titles and Explanation    Debit   Credit

          Unearned Fees                              $1,800

          ($3,600 × 6 months/ 12 months)

                   To Advertising revenue                     $1,800

            (Being the adjusting entry is recorded)

In conclusion, the adjusting entry for the transaction includes Debit to Unearned Fees $1,800 and Credit to Advertising revenue $1,800.

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A customer value proposition is developed through an effective marketing mix that communicate about what to the customer?

Inexpensive product offerings

O Recommendations from previous customers

O Fairness towards customers

O Benefits that satisfy needs

Confidence Level

Rate your confidence to submit your answer.

High

Answers

Answer: benefits that satisfy needs

Explanation:

A customer value proposition has to do with the value that an organization promise to give an individual if the Individual buys a certain product from them.

A customer value proposition is developed through an effective marketing mix that communicate about benefits that satisfy needs.

What is an Incentive?

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Answer:

It gives u a motive to do something

Explanation:

Like sometimes work places give incentives like a raise if you do your job better

An object, valuable item, desired action, or event is referred to as an "incentive" if it prompts an employee to engage in more of the activity that the employer wanted them to by way of the selected incentive.

What is a good incentive for employees?

Cash presents and experiences are the top three rewards. Gifts can include things like electronics, ride-share credits, and gift cards. Perks like tickets to concerts, festivals, and sporting events are examples of experiences. Your incentives must inspire employees.

When it comes to employees, incentives and rewards at work are advantageous to both workers and employers. Employee morale, job satisfaction, and motivation to help organizations achieve their objectives can all be improved by praising employees for their performance and productivity.

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While producing on the production possibilities frontier, if additional units of a good could be produced at a constant opportunity cost, the production possibilities frontier would be

Answers

Answer:

a straight line

Explanation:

The Production possibilities frontier is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.  

As more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.

If opportunity cost was constant, there would be no trade off between goods, so the curve would be a straight line

International trade-dependent jobs have grown at a rate three times the growth of U.S.-dependent jobs.


True False

Answers

Answer: True

Explanation:

International trade is simply exchange of goods and services that take place between countries. It should be noted that gloabl trading gives the countries and the consumer opportunity through which they're exposed to the produfte that they don't have in their countries.

International trade-dependent jobs have grown at a rate three times the growth of U.S.-dependent jobs.

This is True

Which pricing method adds the same fixed dollar amount to all medicines, regardless of ingredient costs

Answers

Answer:

the markup method

Explanation:

Note that the markup pricing method typically involves adding a fixed amount of cost of the product is added to the product’s price.

So, in the pricing method of medicines, a fixed dollar amount is added to all medicines, regardless of ingredient costs, and this amount is called the margin.

do you think we need to prioritize a want ?justify

Answers

Answer:

I don't think we should prioritize want

Explanation:

This question is more or less an opinion where there's no right or wrong answers.

However, I'll answer your question from my own personal view of want.

I think we do not need to give priorities to wants because, our wants, according to economics are insatiable and unlimited. Meaning that, when you give priorities to an unlimited entity called want, you will not get satisfaction due to the fact that they are unlimited.

In other words, the moment you achieve one of your wants; you will be be presented with another set of wants.

Adam, dianna, and loretta are engaged in a business partnership to develop 100 acres of vacant land into a residential upscale-gated community. their development project did not go as planed due to the economic and market conditions and they want to determine their rights. they are familiar with the court system and their option to file a lawsuit against each other but they fill it will be intrusive and may destroy their friendship or have other improper results. what can they do under these circumstances?

Answers

Answer: Based on the scenario, they can find alternatives which they'll use to resolve the issue rather than going to court. They can use the arbitration or get the meditator to help them out.

Explanation:

From the question, we are informed that Adam, Dianna, and Loretta are engaged in a business partnership to develop 100 acres of vacant land into a residential upscale-gated community but that their development project did not go as planed due to the economic and market conditions and they want to determine their rights.

We are further told that they are familiar with the court system and their option to file a lawsuit against each other but they fill it will be intrusive and may destroy their friendship or have other improper results.

Based on the scenario, they can find alternatives which they'll use to resolve the issue rather than going to court. They can use the arbitration or get the meditator to help them out. This will help them in resolving the issue and at the same time, keep their friendship.

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