Analyze the Uber and gig workers case using concepts and frameworks discussed in class. In this issue, there are primarily two sides: those who argue for gig workers as independent contractors, and those who advocate for gig workers to be classified as employees.
Proponents of gig workers as independent contractors argue that the gig economy offers flexibility and the ability for workers to choose their own hours. They claim that this classification is essential to the functioning of the business model, as it allows for lower operational costs and ensures competitive pricing for customers.
On the other hand, critics argue that classifying gig workers as employees would provide them with necessary labor protections, such as minimum wage, overtime pay, and access to benefits like healthcare and unemployment insurance. They believe that these workers are currently being exploited by companies like Uber, who are able to avoid providing these benefits by classifying them as independent contractors.
In my opinion, the classification of gig workers should lean towards being employees, with the rationale being the need for adequate labor protections and a more equitable distribution of profits. While the gig economy does offer flexibility, many workers rely on this type of employment for their primary income and should be afforded the same protections as traditional employees. Additionally, reclassifying gig workers as employees could promote long-term sustainability for both workers and the companies they support, creating a more stable economic ecosystem.
Please note that this is an analysis of the discussion and my own opinion based on the information provided. Other perspectives and opinions may also be valid.
to know more about concepts and frameworks minimum wage worker click this link -
brainly.com/question/26516037
#SPJ11
If the discount method is used to calculate a finance charge of $250.60 on a $2,400 loan, the amount to be:a. repaid is $2,400.b. disbursed to the borrower is $2,400.c. repaid is $2,650.60.d. disbursed to the borrower is $2,650.60.e. repaid is $2,149.40.
This is because the finance charge ($250.60) is added to the principal amount of the loan ($2,400) to determine the total repayment amount.
The discount method calculates the finance charge by subtracting the interest from the loan amount, and the borrower receives the remaining amount. Therefore, the amount to be disbursed to the borrower would be $2,400 - $250.60 = $2,149.40. Therefore, the correct answer is e. repaid is $2,149.40.
If the discount method is used to calculate a finance charge of $250.60 on a $2,400 loan, the amount to be repaid is $2,650.60 (option c).
To learn more about interest visit;
brainly.com/question/30393144
#SPJ11
The use of an optimization model in the auction bidding process to award school meal contracts to Chile has significantly decreased costs. true or false
The statement is true because Chile's Ministry of Education implemented an optimization model in 2006 to improve the school meal program's efficiency and reduce costs.
This model was based on an auction bidding process that involved food suppliers bidding for school meal contracts. The optimization model takes into account several factors, such as nutritional content, quality, and price, to determine the most cost-effective supplier for each school.
This model allowed the Ministry of Education to award contracts to the most efficient and cost-effective suppliers while ensuring that the meals provided to students met certain nutritional standards.
As a result of this optimization model, the cost of providing school meals decreased significantly, allowing the government to feed more students with the same budget. Additionally, the use of the auction bidding process and optimization model increased transparency and competition in the bidding process, reducing the potential for corruption or favoritism in the awarding of contracts.
Learn more about Ministry of Education https://brainly.com/question/26959225
#SPJ11
TC = 151 +37Q+ 202 What is the average fixed cost when 12 units are produced? Enter as a value. ROUND TO TWO DECIMAL PLACES. a Type your answer...
To find the average fixed cost when 12 units are produced, we first need to calculate the total fixed cost at this level of production.
From the given total cost function, TC = 151 + 37Q + 202, we know that the total cost consists of a fixed cost component (151 + 202) and a variable cost component (37Q). To find the fixed cost, we can set Q = 0, since fixed costs do not vary with the level of production. Therefore, fixed cost = 151 + 202 = 353. To find the average fixed cost, we divide the fixed cost by the level of production: Average fixed cost = Fixed cost / Quantity Average fixed cost = 353 / 12 Average fixed cost = 29.42 So, the average fixed cost when 12 units are produced is $29.42 (rounded to two decimal places).
To know more about fixed cost click here:
brainly.com/question/30011394
#SPJ11
How would your personal finances be impacted if weentered another period of relatively highinflation?
High inflation can have various effects on your personal finances, making it essential to adapt your financial strategies to protect your wealth and maintain your standard of living.
If we entered another period of relatively high inflation, your personal finances could be impacted in several ways. Key terms to consider include purchasing power, savings, investments, and interest rates.
High inflation erodes the purchasing power of your money, meaning the same amount of money buys fewer goods and services. This can lead to a decrease in your standard of living if your income does not keep pace with inflation.
Savings stored in traditional bank accounts may lose value in real terms if the interest rates paid by banks do not match or exceed the inflation rate. In this scenario, your savings would not grow as fast as prices increase, potentially reducing your future purchasing power.
Investments, such as stocks and bonds, may be affected by high inflation. Some investments may perform better in inflationary environments, while others may underperform. Diversification and careful selection of investments become important to protect and grow your wealth.
Lastly, high inflation often leads to higher interest rates as central banks try to control inflation. This could impact your personal finances by increasing the cost of borrowing, such as mortgages or personal loans, making it more expensive to finance large purchases or manage existing debt.
Learn More about inflation here :-
https://brainly.com/question/30112292
#SPJ11
1. Recently, Nigerian cow breeders switched to corn (maize) asthe main source of feed for theircows. As a consequence, that has significantly impacted the priceof corn. Before the switch, the price of corn was ₦4,000 per bushel and the quantity demanded was 10,500,000 bushels per day.
After the switch, the price per bushel of corn increased to ₦16,000 per bushel, and the quantity
demanded decreased to 4,850,000 bushels per day.
(i) Using the mid-point formula, determine the price elasticity of demand. Show your work.
(ii) Determine if the demand for corn in Nigeria is price elastic or price inelastic.
Note that ₦ is the sign for Nigeria’s currency, the naira.
The percentage change in price results in a smaller percentage change in the quantity demanded, indicating that consumers are not highly sensitive to changes in the price of corn. The demand for corn in Nigeria is price inelastic
(i) The mid-point formula for price elasticity of demand is:
[tex]Elasticity = (ΔQ/((Q1 + Q2)/2)) ÷ (ΔP/((P1 + P2)/2))[/tex]
where ΔQ is the change in quantity demanded, Q1 and Q2 are the initial and final quantities demanded, ΔP is the change in price, and P1 and P2 are the initial and final prices.
Using the values given in the question:
ΔQ = 10,500,000 - 4,850,000 = 5,650,000
Q1 = 10,500,000
Q2 = 4,850,000
ΔP = 16,000 - 4,000 = 12,000
P1 = 4,000
P2 = 16,000
Elasticity = (5,650,000/((10,500,000 + 4,850,000)/2)) ÷ (12,000/((4,000 + 16,000)/2))
Elasticity = (5,650,000/7,675,000) ÷ (12,000/10,000)
Elasticity = 0.7356
Therefore, the price elasticity of demand for corn in Nigeria is 0.7356.
(ii) A price elasticity of demand between 0 and 1 is considered to be price inelastic, meaning that changes in price have a relatively small effect on the quantity demanded. In this case, the price elasticity of demand for corn in Nigeria is 0.7356, which is between 0 and 1. Therefore, the demand for corn in Nigeria is price inelastic, meaning that the increase in price had a relatively small effect on the quantity demanded.
Learn more about demand here:
https://brainly.com/question/29703449
#SPJ11
Trade credit is credit extended to the buyer by the seller. It is entered in the buyer's books as an account receivable.
The given statement "Trade credit is credit extended to the buyer by the seller. It is entered in the buyer's books as an account receivable." is true because trade credit is a form of credit provided by the seller to the buyer, allowing the buyer to delay payment for goods or services received.
This credit is recorded in the buyer's books as an account receivable, representing the amount owed to the seller.
Trade credit is an important aspect of many businesses, allowing them to maintain positive relationships with suppliers and manage their cash flow effectively. It is often used as a short-term financing tool, allowing buyers to purchase goods or services on credit while they await payment from their own customers.
Trade credit can also help to reduce the administrative costs associated with traditional forms of credit, such as loans or lines of credit. Overall, trade credit plays an important role in the financial health of many businesses.
For more questions like Businesses click the link below:
https://brainly.com/question/15826604
#SPJ11
Trade credit is credit extended to the buyer by the seller. It is entered in the buyer's books as an account receivable. True or False.
The government can restrict the flow of money bya. increasing purchasesb. lowering interest ratesc. raising taxesd. increasing employment
Answer:
Government can restrict the flow of money by c. raising taxes.
Explanation:
Higher taxes means more money going into the hands of government that means lower saving for the poor and middle class families, this would in turn lead to reduced demands and restrict flow of money.
Targeting inflation is better than monetary fine-tuning when time lags in the implementation of monetary policy are... O a. Short but unpredictable. O b. Long but predictable. Oc. Predictable in their
b. Long but predictable.
Targeting inflation is better than monetary fine-tuning when time lags in the implementation of monetary policy are Long but predictable
When time lags in the implementation of monetary policy are long but predictable, targeting inflation is better than monetary fine-tuning. This is because monetary fine-tuning, which involves frequent adjustments to interest rates in response to short-term economic fluctuations, can lead to unintended consequences and instability in the long run. On the other hand, targeting inflation involves setting a clear inflation target and adjusting monetary policy gradually over a longer time horizon to achieve that target. This approach provides more stability and predictability in the economy, which can help to anchor inflation expectations and promote long-term growth.Inflation targeting is a monetary policy framework where a central bank sets an explicit target for the rate of inflation and adjusts its policy tools, such as interest rates, to achieve that target over the medium to long term.
Learn more about inflation here:
https://brainly.com/question/29308595
#SPJ11
T/F: self-cueing is a process that raises our awareness of how, when, and why entrepreneurs behave the way they do in certain circumstances.
The statement is False. Self-cueing is a psychological process that involves using external cues to trigger a desired behavior or response.
It is not directly related to entrepreneurship but can be applied to a variety of contexts where behavior change is desired. The process of raising awareness of how, when, and why entrepreneurs behave a certain way is more closely related to entrepreneurial self-reflection or self-awareness, which involves examining one's own thoughts, emotions, and behaviors in order to improve decision-making and performance.
However, self-cueing is just one of many techniques that entrepreneurs can use to improve their performance. Other important factors include developing strong networks, seeking feedback and advice from mentors and peers, and continuously learning and adapting to changes in the market and industry.
To learn more about self-cueing, visit here
https://brainly.com/question/30264465
#SPJ4
the one-year risk-free rate in the u.s. is 5.140 percent and the one-year risk-free rate in mexico is 7.74 percent. the one-year forward rate between the mexican peso and the u.s. dollar is mxn12.431/$. what is the spot exchange rate? assume interest rate parity holds.
The expected spot exchange rate between the Mexican peso and the US dollar is mxn12.092/$.
To determine the spot exchange rate, we can use the interest rate parity formula which states that the difference in interest rates between two countries should equal the percentage difference between the forward exchange rate and the spot exchange rate.
So, let's start by calculating the percentage difference between the two risk-free rates:
7.74% - 5.140% = 2.6%
Next, we can use this percentage difference and the one-year forward rate to calculate the expected spot exchange rate:
Expected spot exchange rate = Forward exchange rate / (1 + % difference)
Expected spot exchange rate = mxn12.431/$ / (1 + 2.6%)
Expected spot exchange rate = mxn12.431/$ / 1.026
Expected spot exchange rate = mxn12.092/$
Therefore, the expected spot exchange rate between the Mexican peso and the US dollar is mxn12.092/$.
Learn more about rate here
https://brainly.com/question/29334875
#SPJ11
When Hurricane Andrew passed through Louisiana in the summer of 1992, approximately a quarter of the sugar cane crop was destroyed. Ceteris paribus,
Ceteris paribus, the decrease in sugar cane crop due to Hurricane Andrew passing through Louisiana in the summer of 1992 would result in an increase in the price of sugar cane.
Ceteris paribus, which means "all other things being equal," if approximately a quarter of the sugar cane crop was destroyed when Hurricane Andrew passed through Louisiana in 1992, there would be a decrease in the supply of sugar cane.
This would result in an increase in the price of sugar cane due to the reduced supply. This increase in price would likely be passed on to consumers in the form of higher prices for sugar and other products made from sugar cane, such as candy and soda. The degree of price increase would depend on the extent of the damage to the sugar cane crop and the availability of substitute products.
Learn more about Ceteris paribus
https://brainly.com/question/13864080
#SPJ4
7. Some years ago, a new brand of toothpaste was introduced in the United States. According to its advertisements, studies showed that it had "considerable success" in improving the health of a pe rson's teeth. Suppose that these studies were designed in the following way. The manufacturer of this toothpaste chose three samples of seven people; the first sample agreed to use the new brand, the second sample used Brand A, and the third sample used Brand B. After six months, a dentist examined each person's teeth and scored the health of his or her teeth on a scale of 0 (lowest possible score) to 100 (highest possible score). The results were as follows: New Brand Brand A Brand B 65 71 53 55 34 82 77 58 60 63 90 95 89 62 54 38 43 61 94 96 82 The manufacturer of the new toothpaste says that the average score for the new brand is 2 points higher than for Brand A and 4 points higher than for Brand B. Would you agree with the manufacturer's advertisements? Explain.
According to the available data, it appears that Brand C's average ratings for dental health were greater than those of Brand A and Brand B. The statistics may corroborate the manufacturer's claims, but additional thorough and extended research is required to confirm these results.
Based on the data provided, it appears that the new brand of toothpaste did have higher average scores for tooth health than Brand A and Brand B. However, it's important to note that the study was only conducted on a small sample size of 7 people per group. This means that the results may not be representative of the entire population and could be subject to sampling error. Additionally, it's unclear if the groups were randomly selected or if there were any other factors that could have influenced the results. Therefore, while the manufacturer's claims may be supported by the data provided, more rigorous and extensive studies would be needed to confirm these findings.
Learn more about corroborate here
https://brainly.com/question/30573017
#SPJ11
elected financial information for adams company for year 4 follows:sales$ 1,850,000cost of goods sold1,295,000merchandise inventory beginning of year159,000end of year196,000requiredassuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during year 4?
The merchandise inventory turned over 7.30 times during year 4.
The inventory turnover ratio is the financial ratio which measures how efficiently a company is managing its inventory.
We can use the inventory turnover ratio formula to calculate how many times the merchandise inventory turned over during year 4;
Inventory Turnover Ratio = Cost of Goods Sold/Average Inventory
Average Inventory = (Beginning Inventory + Ending Inventory) / 2
We are given;
Sales = $1,850,000
Cost of Goods Sold = $1,295,000
Beginning Inventory = $159,000
Ending Inventory = $196,000
Average Inventory = ($159,000 + $196,000) / 2 = $177,500
Inventory Turnover Ratio = $1,295,000 / $177,500
= 7.30
Therefore, the merchandise inventory turned over is 7.30 times
To know more about inventory here
https://brainly.com/question/15118949
#SPJ4
In a blog post formed Chairman Ben Bernanke und the Fed should not conduct monetary policy cording touch the Titannunci Among others. Bankett The Taylor e me that policymaker know, and an agree on the size of the cou go. Infact the coup very tou a FOMC numbers typically have turistatyments. In the prey may want to review the discussion of the Taylor rule) Source: Bentlemande, "The Taylor Rute A Benchmark for Monetary Poley brookingsadu, Apr 28, 2015 Why is agreeing on these of the output gap dit? OA The sve of the but go may be one to detaimitations, and incelemed, may be later revised and information becomes OB. The output gaps the percentage difference between a GOP and potential GDP and the state porta ODP OC Economic information, whether of GOP, is usually leaned with a D. All of the bove arron at may explain why did for policymakers to go on the other Why might diagrament over their the cusut gup maken office for the Federannounced the incong monetary poly? O A Drences in the state of the use cantato direttorets for the federal fundar OB Policymakerschenenadows to change the procedures of monetary pole, so there we to change Oc Policy choices are continued when disagreement over these of the OD. All of the above are on that mat for the Federannounced in conducting monetary policy
It seems like your question is about the challenges faced by policymakers when agreeing on the size of the output gap and its implications for conducting monetary policy.
The difficulty in agreeing on the size of the output gap can arise due to several reasons:
A. The size of the output gap may be subject to data limitations, and as new information becomes available, it may be revised later.
B. The output gap represents the percentage difference between actual GDP and potential GDP, which may be challenging to estimate precisely.
C. Economic information, such as GDP, is often released with a lag, which can make real-time decision-making more difficult.
D. All of the above factors contribute to the challenges policymakers face when agreeing on the size of the output gap and conducting monetary policy.
Disagreement over the size of the output gap may make it difficult for the Federal Reserve to effectively conduct monetary policy because:
A. Differences in the estimates of the output gap can lead to disagreements about the appropriate target for the federal funds rate.
B. Policymakers may be reluctant to change the procedures of monetary policy when there is uncertainty about the size of the output gap.
C. Policy choices become more complicated when there is disagreement over the size of the output gap.
D. All of the above factors make it challenging for the Federal Reserve to conduct monetary policy effectively.
Learn more about policy here:
https://brainly.com/question/28024313
#SPJ11
Brazilians love to shop and the habit of saving is not very common.
It is accurate to say that Brazilians typically like shopping, and conserving money is not a particularly frequent habit.
Yes, it is true that Brazilians generally love to shop and the habit of saving money is not very common. Consumerism is deeply ingrained in Brazilian culture, and many people prioritize spending on material possessions over building a savings account. However, it is important to note that there are still many Brazilians who prioritize saving and investing for their future financial stability.
Learn more about conserving money here
https://brainly.com/question/4219249
#SPJ11
in a cause-and-effect pattern, the main points of a speech gradually build up to the speaker’s thesis. true false
In a cause-and-effect pattern, the main points of a speech do gradually build up to the speaker's thesis. This pattern involves explaining how an event, action or situation led to another event or situation. The given statement is true.
The cause-and-effect pattern requires the speaker to identify the cause and the effect of an event and establish a relationship between them.
The main points of the speech are structured in such a way that they lead the audience to the thesis statement. The thesis statement, in this case, represents the final effect that the speaker wants to convey to the audience.
The gradual buildup of the main points in a cause-and-effect pattern helps the speaker to establish a logical flow of the ideas.
By presenting each point in a coherent manner, the speaker enables the audience to easily understand the connection between the cause and effect of the topic being discussed.
This pattern also allows the audience to anticipate the thesis statement and prepares them to receive the final message of the speech.
Therefore, it is crucial for the speaker to effectively structure their speech to make sure the audience grasps the main points of the speech and connects the dots between the cause and effect.
To know more about cause-and-effect pattern here
https://brainly.com/question/3386852
#SPJ11
Suppose that you are hired as business consultant for a company, and after collecting data you estimated the following profit function: profit = -11.2 +6P - 0.322 +6A – 0.8A², where P is the price
Based on the profit function provided, it appears that the company's profit is influenced by two key factors: the price of the product (P) and the amount spent on advertising (A).
The equation indicates that increasing the price of the product by $1 will lead to an increase in profit of $6. Similarly, increasing advertising spending by $1 will lead to an increase in profit of $6 (after accounting for the quadratic effect of A). However, it's important to note that the coefficient for the A² term is negative, which suggests that there is a diminishing marginal return to advertising spending. In other words, as the company spends more on advertising, the additional benefit to profit becomes smaller and smaller. As a business consultant, you may want to consider conducting further analysis to determine the optimal price and advertising spending levels that will maximize the company's profit. Additionally, you may want to explore other factors that could be influencing profit, such as production costs, competition, and market demand.
To know more about profit function, please visit:
https://brainly.com/question/16866047
#SPJ11
The price of wholesale milk dropped by 30.3% when thePennsylvania Milk Marketing Board lowered the regulated price. Theprice to consumers fell by substantially less than 30.3% inPhiladelphia. Why?
The price of wholesale milk dropped by 30.3% due to the Pennsylvania Milk Marketing Board's decision to lower the regulated price.
The reason why the price to consumers in Philadelphia fell by substantially less than the 30.3% drop in wholesale milk price is that there are additional costs that go into bringing milk from wholesale to retail. This includes transportation, processing, and packaging costs, as well as other expenses associated with running a retail business. Additionally, retailers may not have immediately passed on the full savings to consumers, choosing instead to maintain profit margins or gradually adjust prices over time as new content loaded their inventory.
However, the price to consumers in Philadelphia fell by less than 30.3% because factors like transportation costs, retail margins, and taxes, which are not directly tied to the wholesale price, can influence the final price that consumers pay.
Learn more about Pennsylvania here:
https://brainly.com/question/9213150
#SPJ11
Which one of the following conclusions is not supported by the intertemporal substitution hypothesis? A. The profile of hours of work over the life cycle will have roughly the same shape as the age-earnings profile B. Hours of work over the life cycle will be inversely related to wages over the life cycle. C. Hours of work increase as the wage rises and decline as the wage falls. D. An unemployed person might choose to become a discouraged worker during a low- wage recession with an eye toward returning to the labor market when wages increase
The conclusion that is not supported by the intertemporal substitution hypothesis is D. The intertemporal substitution hypothesis states that individuals will adjust their consumption.
The leisure patterns over their life cycle in response to changes in wages and interest rates. The hypothesis assumes that individuals will always choose to work more when wages are high and work less when wages are low, regardless of whether the labor market is in a recession or expansion. Therefore, the idea that an unemployed person might choose to become a discouraged worker during a low-wage recession is not supported by the intertemporal substitution hypothesis.
Learn more about consumption here: brainly.com/question/14933604
#SPJ11
Which characteristic of a marketing objective allows a marketer to understand if their strategies are working?
The characteristic of a marketing objective that allows a marketer to understand if their strategies are working is measurability.
Measurable marketing objectives have clear, specific, and quantifiable goals that can be tracked and evaluated over time. This allows marketers to determine whether their strategies are effective and make any necessary adjustments to their campaigns. Measurable objectives can be evaluated through various metrics, such as sales figures, website traffic, customer engagement, and social media engagement.
By setting measurable objectives, marketers can more effectively assess their progress and make data-driven decisions that lead to better business outcomes.
You can learn more about marketing objective at
https://brainly.com/question/25754149
#SPJ11
What long-run effect does an expansionary U.S. monetarypolicy have on the U.S. economy?
An expansionary U.S. monetary policy typically aims to stimulate economic growth by increasing the money supply, lowering interest rates, and making credit more accessible. In the long run, this policy can have both positive and negative effects on the U.S. economy.
On the positive side, lower interest rates can encourage consumer spending and business investment, leading to higher demand for goods and services. This can, in turn, boost GDP growth, create more jobs, and reduce unemployment. Additionally, a more accessible credit market can foster innovation and help businesses grow and expand.
However, there can be negative consequences as well. Prolonged expansionary monetary policy can lead to inflation, as an increased money supply tends to raise the general price level. If inflation becomes too high, it can erode purchasing power and negatively impact economic stability.
Additionally, low interest rates may result in excessive borrowing, which can lead to unsustainable debt levels for both consumers and businesses. This can potentially create financial instability and make the economy more vulnerable to economic shocks.
In summary, expansionary U.S. monetary policy can have both beneficial and adverse long-run effects on the U.S. economy, influencing GDP growth, employment, and inflation rates. Policymakers must carefully balance these factors to achieve the desired economic outcomes.
For more question on monetary policy
https://brainly.com/question/2417605
#SPJ11
the authorized brokerage relationship disclosure requirements of florida statutes chapter 475 do not apply to
According to Florida Statutes Chapter 475, the authorized brokerage relationship disclosure requirements do not apply to certain real estate transactions.
Specifically, these requirements do not apply to transactions that involve the rental or lease of a residential or commercial property for a period of less than one year. Additionally, these requirements do not apply to transactions that involve the sale or lease of a business, or the sale of a mobile home that is not considered real property.
It is important to note that while these specific transactions may not require authorized brokerage relationship disclosure, other legal and ethical obligations still apply to real estate professionals involved in these transactions. Real estate professionals should always act in the best interest of their clients and provide honest and transparent communication throughout the transaction process.
Overall, understanding the authorized brokerage relationship disclosure requirements is crucial for real estate professionals in Florida. While certain transactions may not require disclosure, it is important for professionals to stay informed and act in accordance with legal and ethical guidelines at all times.
Learn more about business :
https://brainly.com/question/15826604
#SPJ11
What is the Combination of directive and non-directive to interviews
The combination of directive and non-directive approaches in interviews is a hybrid approach that incorporates elements of both methods. In this approach, the interviewer uses both structured and unstructured questions to gather information from the participant.
The structured questions are designed to elicit specific information or responses, while the unstructured questions are open-ended and allow the participant to share their experiences and perspectives in their own words.The combination of directive and non-directive approaches allows for a more flexible and responsive interview process. The structured questions can help to ensure that important topics are covered and can provide a framework for analysis, while the non-directive questions allow for exploration and discovery of new insights.
This hybrid approach can be particularly useful in research contexts where the researcher has a specific research question or hypothesis, but also wants to allow for the participant's subjective experiences and perspectives to be fully explored.
To know more about interview click here
brainly.com/question/15128068
#SPJ11
true or false: 400,000 people are seriously injured in car crashes each year.
Answer:
True
Explanation:
400,000 people are seriously injured in car crashes each year.
a. causes What is multicollinearity? Discuss and consequences of multicollinearity for OLS estimation. Suggest possible remedies for multicollinearity.
Multicollinearity refers to a situation where two or more independent variables in a regression model are highly correlated with each other.
The consequences of multicollinearity for OLS estimation include unstable and imprecise estimates of the regression coefficients, large standard errors, and reduced statistical power. In other words, the estimated coefficients may not be reliable, and the model may not be able to accurately predict the dependent variable.
One possible remedy for multicollinearity is to remove one of the highly correlated independent variables from the model. Another possible solution is to combine the correlated variables into a single variable through factor analysis or principal component analysis. This can help to reduce the degree of multicollinearity and improve the accuracy of the regression estimates.
It's also important to note that multicollinearity can sometimes be a symptom of a larger problem with the data, such as an incorrect specification of the model or a sample that is too small or too homogeneous. Therefore, it's important to thoroughly examine the data and the model to determine the root cause of the multicollinearity and to apply appropriate remedies.
Know more about Multicollinearity here:
https://brainly.com/question/29737655
#SPJ11
If the cost of goods sold is more than the cost of goods manufactured, thenA) finished goods inventory increased during the period.B) finished goods inventory decreased during the period. C) Overhead was overappliedD) Overhead was underapplied
Answer:
The correct option is B) finished goods inventory decreased during the period.
Explanation:
If the cost of goods sold is more than the cost of goods manufactured, then the finished goods inventory decreased during the period. This is because the cost of goods manufactured represents the total cost of the goods that were completed during the period, while the cost of goods sold represents the cost of the goods that were sold during the same period.
When the cost of goods sold is more than the cost of goods manufactured, it means that more goods were sold than were produced during the period. As a result, the finished goods inventory would have decreased.
Option A is incorrect because an increase in finished goods inventory would result in the cost of goods sold being less than the cost of goods manufactured, not more.
Option C is incorrect because overhead being overapplied or underapplied relates to the application of manufacturing overhead costs, which is not directly related to the relationship between the cost of goods sold and the cost of goods manufactured.
Option D is also incorrect because overhead being overapplied or underapplied does not relate to the relationship between the cost of goods sold and the cost of goods manufactured.
To Know more Cost of goods
https://brainly.com/question/28036706
If the economy is initially in equilibrium at Ey, and the central bank buys Treasury bills, shift to an gap LRAS Aggregate price level, P SRAS P2 E2 P1 E1 AD2 AD1 Real GDP Y1 Ye - potential output a) AD, will; the right, causing; inflationary b) AD, will; AD , causing; recessionary c) AD, will; AD2, closing; recessionary d) AD will; the left, increasing; recessionary 18. (4 Points) If interest rates are at the zero lower bound: a) the effectiveness of monetary policy increases. b) normal monetary policy is ineffective. c) automatic stabilizers don't work. d) monetary policy is more effective than fiscal policy. ECON-1020H Assignment 3 7/12 ECON-1020H Assignment 3 April 04, 2022 19. (4 Points) Economists argue that money is neutral in: a) both the short and the long run. b) the short run only. c) the long run, but money do es affect the price level. d) the long run, but money does not affect the price level.
17. If the economy is initially in equilibrium at Ey, and the central bank buys Treasury bills, the correct option is: a) AD, will; the right, causing; inflationary. 18. If interest rates are at the zero lower bound, the correct option is: b) normal monetary policy is ineffective. 19. Economists argue that money is neutral in: c) the long run, but money does affect the price level
17. If the economy is initially in equilibrium at Ey, and the central bank buys Treasury bills, the correct option is:
a) AD, will; the right, causing; inflationary
This is because when the central bank buys Treasury bills, it increases the money supply, which shifts the aggregate demand (AD) curve to the right. This leads to an inflationary gap where the price level increases and real GDP is above potential output.
18. If interest rates are at the zero lower bound, the correct option is:
b) normal monetary policy is ineffective
At the zero lower bound, traditional monetary policy tools, such as adjusting interest rates, become less effective because interest rates cannot be lowered further to stimulate the economy.
19. Economists argue that money is neutral in:
c) the long run, but money does affect the price level
In the long run, changes in the money supply only affect the price level and have no impact on real variables such as output and employment. In the short run, however, changes in the money supply can influence real economic variables.
For more such questions on Economy.
https://brainly.com/question/30131108#
#SPJ11
what will be included in the ski west 2024 income statement and balance sheet related to the sale of the season pass to jake lawson?
The income statement for Ski West 2024 would include the revenue earned from the sale of the season pass to Jake Lawson.
This revenue would be recognized upfront as the pass was sold before the skiing season began. On the other hand, the balance sheet would show an increase in cash (or accounts receivable if Jake Lawson hasn't paid yet) and a corresponding increase in liabilities under the "season pass sales" category.
This is because Ski West has an obligation to provide services (i.e. ski access) to Jake for the duration of the skiing season. As the season progresses, Ski West would recognize the "earned revenue" portion of the season pass as revenue on their income statement.
To know more about income statement, refer to the link:
https://brainly.com/question/28035395#
#SPJ11
Question 39 1.5 pts Savings, Investment, and Deficits Suppose a country has a closed economy, and it has the following macroeconomic data: Real GDP = $800 per year Consumption = $560 per year Tax revenue = $80 per year Government spending: $120 per year $80 per year Now suppose that the country's government spending falls to $80 per year, while real GDP, consumption, and tax revenue stay unchanged. Based on this new information, what is the government's budget deficit or surplus equal to (public saving)? Enter your answer in the space below. (If your answer is negative, be sure to include the minus sign in the answer you enter.)
The government's budget surplus would be $40 per year ($80 tax revenue minus $40 government spending).
In the given scenario, we have:
Real GDP = $800 per year
Consumption = $560 per year
Tax revenue = $80 per year
Government spending (initially) = $120 per year
Government spending (after the change) = $80 per year
To calculate the government's budget deficit or surplus (public saving), we can use the following formula:
Public saving = Tax revenue - Government spending
Using the new information with the reduced government spending:
Public saving = $80 - $80 = $0
So, with the new government spending of $80 per year, the country's government has a balanced budget, neither a deficit nor a surplus. The public saving is equal to $0.
Learn more about Real GDP here: brainly.com/question/30737857
#SPJ11
Consider a monopolist selling a product with inverse demand ofPD=12−Q. The firm currently has production costs of C(q)=5+6Q. Thefirm has the option of attempting to develop a new technology thatw
So, the monopolist is currently facing an inverse demand curve of PD=12-Q and production costs of C(q)=5+6Q. Now, the firm has the option to develop a new technology that would potentially reduce production costs.
If the new technology is developed, the firm's production cost function would change to a lower value. Let's assume that the new production cost function is C(q)=2+4Q. This would result in a reduction in the marginal cost of production by 2, as the previous marginal cost was 6 and the new marginal cost is 4.
Now, the firm can determine the optimal level of output for both the current and new production cost functions. For the current production cost function, the monopolist's profit-maximizing output can be found by setting marginal revenue (MR) equal to marginal cost (MC). So, MR=12-2Q=MC=6, which gives us Q=3. Thus, the monopolist would produce 3 units of output and charge a price of P=12-3=9.
For the new production cost function, the monopolist's profit-maximizing output can be found by setting MR=12-2Q=MC=4, which gives us Q=4. Thus, the monopolist would produce 4 units of output and charge a price of P=12-4=8.
Comparing the two outcomes, we can see that with the new technology, the firm can produce more output at a lower price, resulting in a higher consumer surplus and potentially higher profits for the monopolist. Therefore, developing the new technology would be beneficial for the firm as it would result in a content loaded production process.
Know more about monopolist here:
https://brainly.com/question/29763908
#SPJ11