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The income elasticity of demand for luxury goods is greater than one. This means that the
Paid time off banks are classified as one of the ________. *
please answer correctly, with an explanation.
1.Discretionary benefits
2.Monetary benefits
3.Legally required benefits
4.Voluntary benefits
Paid time off banks is classified as one of the ________. *
a.Discretionary benefits
b.Monetary benefits
c.Legally required benefits
d.Voluntary benefits
1 step 1: setting standards
2 step 2:measuring actual performance
3 step 3:evaluating deviation (performance gap)
4 step 4:rectifying deviations
If the cross elasticity of demand between two goods is negative, what does it mean?
Discuss the proposition that economics growth is necessary but not sufficient for reducing poverty and inequality
Suppose the cross-elasticity of demand between two products, A and B, is positive. If there is a fall in the cost of producing good B, the quantity demanded will
- A. increase for both goods.
- B. decrease for good A and increase for good B.
- C. increase for good A and decrease for good B.
- D. decrease for both goods
- The monetary transmission mechanism can be illustrated and explained using three diagrams showing the link between __________.
- [1] interest rate, prices and wages
- [2] consumption spending, interest rate and total production
- [3] interest rate, investment spending, aggregate spending and total income
- [4] investment spending, prices and wages, and aggregate demand
