Answer:
Ed and his Widow's Gross Income is:
$97,000
Explanation:
a) Data and Calculations:
Gifts from individuals $10,000
Medical expense offset 25,000
Time of need pay 12,000
Group life insurance 50,000
Gross income $97,000
b) Ed and his widow's gross income is $97,000. It is the sum of all forms of earnings before any deductions or taxes. The gross income is higher than the net income, which is defined as the gross income minus taxes and other deductions.
Ed's gross income includes the gifts and life insurance payout, but not the support received by his widow.
Ed's gross income includes the $10,000 in gifts from individuals and the $50,000 collected on the group term life insurance policy. These amounts are considered taxable income. The $12,000 paid to Ed's widow in her time of need is not considered gross income because it can be classified as a gift or as support received on account of the marital relationship.
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B. The government can rely on automation to reduce costs.
C. The government can react to economic changes quickly.
D. The government can transport goods around the world.
Answer:
All the statements are correct.
Explanation:
A and D are correct because better transportation technology means that the government can import (purchase materials) and export (transport goods) around the world with relative ease.
B is correct because automation means that machines can replace some humans in the labor force, and machines do not have to be paid a wage.
C is correct because if the government has advanced technology at its disposal, it can be at the forefront of tecnnological changes.
Answer:
The correct Answer is C
Explanation:
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Andrew will choose loan s - which have a nominal rate of 10.755%, compounded annually.
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B. essential goods
C. substitute goods
D. diminishing marginal utility
B. To interpret and enforce federal laws prohibiting gambling
C. To interpret and enforce federal laws prohibiting taxes
D. To interpret and enforce federal laws prohibiting discrimination
Answer:
D. To interpret and enforce federal laws prohibiting discrimination
Explanation:
The Equal Employment Opportunity Commission (EEOC) is a U.S. federal agency that interprets and enforces federal laws prohibiting discrimination in the workplace.
The Equal Employment Opportunity Commission (EEOC) is an agency of the United States federal government. Its main purpose is D. To interpret and enforce federal laws prohibiting discrimination. This includes discrimination based on race, color, national origin, sex, religion, age, disability, and genetic information. The EEOC works to prevent discrimination before it occurs through outreach, education and technical assistance programs. When individuals feel they have been discriminated against, they can file a complaint with the EEOC, who will then investigate the claim.
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b. that employ the most domestic workers.
c. that will increase their foreign exchange rate by the largest amount.
d. for which their consumption taxes are lowest.
Answer: According to the principle of comparative advantage, worldwide output and consumption will be higher when nations specialize in the production of those goods and services "a. they can provide at a lower opportunity costs."
Explanation: The comparative advantage is the ability of a country to produce a good using relatively less resources than another. The theory of comparative advantages says that Each country in question will specialize in what is most efficient. At the same time, it will import the rest of the products in which they are most ineffective in terms of production. Although a country does not have an absolute advantage in producing any good, it may specialize in those goods in which it finds a greater comparative advantage and finally be able to participate in the international market.