During the recession of 2007-2009, despite falling income levels, the fast-food chain Subway experienced increased sales. The increase in demand for Subway sandwiches despite the decline in income indicates that Subway sandwiches are considered

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Answer 1

Answer:

Answer:

Inferior goods

Explanation:

If during the recession, despite falling income levels, the fast-food chain Subway experienced increased sales; then the increase in demand for Subway sandwiches despite the decline in income indicates that Subway sandwiches are considered inferior goods.

Income elasticity is an economic principle which states that 'normal goods have their demand increase when the income of consumers increase while inferior goods are those goods that have their demand increase when income falls'

It suggests that consumers could not afford healthy meals during the recession because of their decrease in income, hence, they had to eat more of affordable Subway sandwiches.

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Piers lives in an apartment and has an existing TV connection. He wants to subscribe to a high-speed Internet connection; however his lease doesn’t allow him to install new infrastructure. Which of the following subscriptions can he use? A.digital subscriber line B. cable Internet access C. ISDN D. satellite network
With a ________ tax, the tax rate decreases as income increases. A.)direct B.)progressive C.)proportional D.)regressive
is it legal for south African firms to collude with one another to set prices ,provide some evidence in support of your answer
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suppose the government has decriminalized consuming, producing, and selling drugs. the resulting equilibrium price is p and equilibrium quantity is q. the government has now decided to tax the sale of drugs. if the supply curve of drugs is unit elastic, then the effect of the tax will likely be:group of answer choicesto decrease the per-unit price received by sellers by more than it increases the per-unit price paid by buyers.that the burden of the tax is higher for buyers than sellers.that no tax revenues are generated.none of the above.

Answers

If the government decides to tax the sale of drugs, the effect of the tax will likely be that tax revenues are generated. The unit elastic supply curve means that the percentage change in quantity supplied is equal to the percentage change in price.

Therefore, the per-unit price received by sellers will increase by the same percentage as the per-unit price paid by buyers. However, since the demand for drugs is inelastic, meaning that the quantity demanded does not change much in response to changes in price, the burden of the tax is likely to be higher for buyers than for sellers.
As for the amount of tax revenue generated, it will depend on the elasticity of demand and supply. If the demand is highly inelastic, then the tax revenue generated will be significant as buyers will be willing to pay a higher price despite the tax. On the other hand, if the demand is elastic, meaning that the quantity demanded is very sensitive to changes in price, then the tax revenue generated will be minimal as buyers will seek alternatives to drugs.
In conclusion, the unit elastic supply curve means that the tax will result in both the per-unit price received by sellers and the per-unit price paid by buyers increasing by the same percentage. However, due to the inelastic demand for drugs, the burden of the tax is likely to be higher for buyers than for sellers. Finally, the amount of tax revenue generated will depend on the elasticity of demand and supply.

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Tabitha has a client who purchases a life insurance contract and then asks her if it is okay to roll funds from another policy into this policy using a 1035 exchange. He also wishes to have some bank fund transfers sent to the insurance company and deposited into the cash value accumulation on this policy. This would best be identified as which of the following? A) Modified endowment contract B) Violation under TAMRA C) 7-pay test violation D) Layering

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This would best be identified as a Violation under TAMRA. Thus, option B is correct.

What is insurance?

A person may use insurance as a means of protection against potential financial losses or predicted losses. Additionally, you can get health, property, or auto insurance.

The purchaser of an income protection or annuities arrangement using a 1035 exchange may swap one product for the next without the transfer being treated as a chargeable sale thanks to swap laws.

The option to swap coverage of life insurance for such annuities is available, but the reverse is not true. When Tabitha had the error appears, the business will let the policyholders know and provide them the option to return the paid amount. this violates TAMRA.

Therefore, option B is the correct option.

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I think its B but I'm not sure

Which of the following is an example of long-term debt?a. Car maintenance
b. Property taxes
c. Credit card balance
d. Home equity loan

Answers

Home equity loan is an example of long term debt among the choices provided in the question. The correct option among all the options that are given in the question is the last option or option "d". Long term debts are the type of debts that are not needed to be paid within a years time. I hope this helps.

Which of the following statements about the FAFSA process are TRUE?A You must be a U.S. citizen to submit the FAFSA form.
B You must use the FAFSA to apply for the federal work-study program.
C You cannot fill out the FAFSA form without your parent/guardian.
D You should only fill out the FAFSA form if you can demonstrate financial need.

Answers

The answers are B and D. Every year the US government provides financial aid for college or career school. In order to qualify for this a FAFSA should be completed. FAFSA is used as a basis in determining how much you need financial aid thus it should be clear in the FAFSA that you really need it. In applying for Federal Work-study program, the FAFSA is used to see if you are qualified.

FAFSA stands for Free Application for Federal Student Aid. The student aid includes federal grants, loans and work-study funds .

The following statements about the FAFSA process is TRUE :

B. You must use the FAFSA to apply for the federal work-study program.

It is also important to note that the sooner the student applies, the better his/her chances of reviving generous aid, because a large portion of financial aid in the United States is distributed on a rolling basis

Focus groups and mail-in questionnaires are examples of

Answers

they are examples of survey research in order to obtain primary data

In the process , the researchers usually select a sample corespondents ( that meet the a required criteria) from a population and administer standardized questions to them

Gullett Corporation had $30,000 of raw materials on hand on November 1. During the month, the Corporation purchased an additional $79,000 of raw materials. The journal entry to record the purchase of raw materials would include a: Multiple Choice debit to Raw Materials of $109,000 credit to Raw Materials of $79,000 debit to Raw Materials of $79,000 credit to Raw Materials of $109,000

Answers

Answer:

The journal entry to record the purchase raw material would include a debit to raw material of $79000 and credit to Raw materials of $109000..

Explanation:

Since the raw material is coming into the company, we have debit raw material and the opening balance is already there in the books of the business. hence raw materials increases.

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