The statement in a newspaper that "consumer prices rose last month by 1 percent, and if this trend continues, the annual rate of inflation will be 12 percent for the year" is an example of A normative economic statement A positive economic statement Loaded terminology The fallacy of composition
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The statement in a newspaper that "consumer prices rose last month by 1 percent, and if this trend continues, the annual rate of inflation ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Implementing security policies is easier if you manage it from a change model perspective. The first step of this model is to create urgency. Who is responsible for conveying urgency to business leaders? a. chief information security officerb.
Answers (1)
Which of the following funds of a governmental unit uses the same basis of accounting as an enterprise fund? a. Special revenue. b. Internal service. c. Permanent trust. d. Capital projects.
Answers (1)
To engage in economic reasoning, you must compare: a. total cost and total benefit. b. marginal cost, sunk cost, and total benefit. c. sunk cost and marginal cost. d. marginal cost and marginal benefit.
Answers (1)
You are forming a new company that delivers food to students across college campuses. You have a number of partners, but your primary goals are to avoid personal liability and double taxation.
Answers (1)
Grady Corp. is considering the purchase of a new piece of equipment. The equipment costs $51,500, and will have a salvage value of $5,040 after six years. Using the new piece of equipment will increase Grady's annual cash flows by $6,190.
Answers (1)
New Questions in Business
A company has a defined benefit pension plan for its employees. On December 31, year one, the accumulated benefit obligation is $45,900, the projected benefit obligation is $68,100, and the fair value of the plan assets is $62,000.
Answers (2)
Which type of workplace culture emphasizes the development of new skills? a. achievement-based b. adaptive-based c. involvement-oriented d. consistency-oriented
Answers (2)
Jones Co. started the year with no inventory. During the year, it purchased two identical inventory items at different times. The first purchase cost $1,240 and the other, $1,570. Jones sold one of the items during the year.
Answers (1)
The culture of UPS places service to the customer among the company's highest business objectives, which is reflected in their use of information systems to enable customer tracking of their packages.
Answers (1)
Employers bond employees who handle cash receipts because fidelity bonds reduce the possibility of employing dishonest individuals and Deter dishonesty by making employees aware that insurance companies may investigate and prosecute dishonest acts.
Answers (1)