Answer:
c. Expenditure for unemployment compensation increasing as economic growth slows
Explanation:
Automated Fiscal Policy is the name given to government actions designed to adjust its spending levels, thus monitoring and influencing a country's economy. In the various economics manuals, fiscal policy is closely linked to monetary policy, and it can be stated, in quite simplistic terms, that the two economic policies are like sisters, since both seek to influence one aspect of the economy: monetary policy will change the currency behavior, and fiscal policy will operate against state spending. Every government will invariably use both policies in various combinations and ranks in an effort to guide a country's economic goals.
Within the options given in the question, an example of an automatic tax policy is "C. expenditure for unemployment compensation increasing as economic growth slows. "
Answer:
1. Time is scarce so Trey must decide whether to buy the car as soon as possible or to keep his position on the team
2. Entrepreneurship
3. A supply truck
4. Josephine felt she could help students most by improving teachers' skills
5. Profit
6. The ability to produce goods at a lower price
7. Feels the marginal benefit of an extra hour of studying exceeds the marginal cost of not playing basketball.
Explanation:
1. Trey should not take too long to make his decision as time is scarce. If he does, then the price of the car may fluctuate or someone else might end up buying it.
2. Janice is the one who came up with the idea of setting up the business and she is also the risk-taker here. For this reason, she represents entrepreneurship.
3. A supply truck is the capital for a construction company because it is used as an input to deliver the material.
4. Josephine identified the problem that teachers need to be taught better management skills for the sake of students' success.
5. Profit is one of the many major goals of business owners because that amount is used to pay for future business-related needs. It is also important because it keeps the business up and running.
6. Singapore offered lowered rates of production. Although other facilities are better in Michigan the cost of production will increase a lot. Therefore, the ability to produce goods at a lower cost is the opportunity cost.
7. Russel believes that studying extra will make his future bright than playing basketball. Also, the benefits of studying are more than the disadvantages of not playing basketball.
Answer:
Explanation:
A journal entry is an accounting record of the business day to day activities in the accounting books of that particular business. An appropriately recorded journal entry comprise of the amounts to be debited and credited, correct date, the description of the transaction and a distinctive reference number.
The solution diagram to the question can be seen in the image below
