If the expenditure multiplier is 2. 5 and the government spending increases by $4 billion, what would be the increase in the real gdp?

Answers

Answer 1

The increase in the real GDP would be $10 billion.

GDP measures the financial fee of very last items and offerings—this is, those that are bought with the aid of the final user—produced in a rustic in a given time frame (say a quarter or a year). It counts all of the output generated within the borders of a country.

Gross domestic product is an economic degree of the market value of all of the very last goods and services produced in a specific term by way of countries. Due to its complex and subjective nature, this degree is frequently revised before being considered a reliable indicator.

GDP can be calculated by adding up all of the cash spent by customers, groups, and the government in a given period. it can additionally be calculated with the aid of adding up all the cash obtained by using all of the participants inside the economy. In either case, the wide variety is an estimate of "nominal GDP."

Learn more about GDP here https://brainly.com/question/9775032

#SPJ4


Related Questions

Your client, brian, is an investor who likes to put as little cash down on his investments as possible. brian believes in the power of ______

Answers

Your client, brian, is an investor who likes to put as little cash down on his investments as possible. brian believes in the power of leverage.

It way using different people's time to perform your duties, essentially giving you more hours inside the day. Delegating and the usage of technology are two approaches to increase its slow leverage. non-public leverage: personal leverage, or courting leverage, is crucial to each location of your existence.

Leverage is the method of the usage of borrowed money to growth go back on investment. If the return on the entire price invested within the safety (your very own coins plus borrowed funds) is better than the interest you pay on the borrowed price range, you could make great earnings.

Learn more about leverage here: https://brainly.com/question/416386

#SPJ4

Which subject line for this direct request would be most suitable? a.Mini Blinds Incorrectly Labeled b.Need Correct Color Mini Blinds c.Incorrect Order No. MB554-14 Shipped

Answers

The subject line for the direct request that would be most suitable is c.Incorrect Order No. MB554-14 Shipped.

What subject line would be suitable?

The issue is about returning an order that was incorrectly sent to the customer so the subject line should highlight this.

The best subject line would therefore be one that starts with, "incorrect order...shipped" with the elipsis being for the order number of the product.

First part of the question is:
If you have the white mini blinds in stock and can ship them to me within three business days, please do so. If not, please refund my credit card charge immediately and provide me with shipping labels to return the incorrect order to Haley Wholesale.

Find out more on making order returns at https://brainly.com/question/27409367.

#SPJ1

Connect and reflect: evaluate your work by answering these questions: how did each speech help you understand the priorities of the democratic and republican parties? how did they enhance your understanding of the gold vs silver debate? note what you learned and what challenged you.

Answers

Cross of Gold speech :

Classic of American political oratory delivered on July 8, 1896, by William Jennings Bryan in closing the debate on the party platform at the Democratic National Convention in Chicago during the campaign for the presidential election of 1896.

About speech :

The Republican Party platform for the election, formulated at its convention in St. Louis in June, declared, “We are unalterably opposed to every measure calculated to debase our currency.” When the Democrats gathered a few weeks later, their platform called for “the free and unlimited coinage of both silver and gold.” In an eloquent plea for the coinage of silver and an attack on the thesis that gold was the only sound backing for currency, Bryan closed with the peroration, “you shall not press down on the brow of labor this crown of thorns. You shall not crucify mankind on a cross of gold.” The speech so electrified the convention that the delegates nominated Bryan as their candidate for president, though he was only 36 years old and his experience as an officeholder was limited to two terms in the U.S. House of Representatives. In November he lost to the Republican candidate, William McKinley. In later years Bryan delivered numerous variations on the speech, some captured on early phonograph recordings.

Learn more about Republican parties :

brainly.com/question/14139142

#SPJ4

Which method asks the client to write a story about themselves as seen through the eyes of a sympathetic friend?

Answers

Self-characterization method asks the client to write a story about themselves as seen through the eyes of a sympathetic friend.

Sympathy is the recognition, understanding, and response to the needs and pains of another living being. According to David Hume, this compassionate concern is triggered by a shift in perspective from a personal perspective to that of another group or individual in need.

Sympathy involves understanding from your own perspective. Empathy means putting yourself in the other person's shoes and understanding why they feel the way they do. By recognizing the underlying causes that make people feel that way, we can better understand and offer healthier options.

Learn more about sympathy here:https://brainly.com/question/2003163

#SPJ4

A college is run by a board of trustees, which hires a president, who in turn selects vice presidents, deans, and other administrators. This is an example of the bureaucratic characteristic of?

Answers

A college is run by a board of trustees, which hires a president, who in turn selects vice presidents, deans, and other administrators. No this is not example of the bureaucratic chracterstic. This is example of hierarchy of authority.

What is hierarchy of authority?

An organization's architecture of leadership is created to be beneficial to both the business and the employees. A good management team enables the company to thrive, and members of staff turn to management for career advancement opportunities. Other way to protect managerial integrity is through a hierarchy. In order to prevent high personnel turnover, a manager must demonstrate her competency. An organization's structure of power plays an important role in its long-term success.

Managerial accountability in the hierarchy of command shouldn't be used to cast blame or declare employees to be incompetent. Every initiative and activity inside of the business has a route of accountability thanks to a fully established structure.

Employee development takes place at every level within a company. Employees look to administration for support in the training of job skills, managing communicates with firm executives to strengthen organizational effectiveness, and executives ask guidance from business owners who do have expertise in the industry.

An employee can better understand who to get guidance from by comprehending the hierarchy of power. They can also better grasp where their manager's career development comes from. Competence is crucial at all levels of the organization's hierarchy for this reason.

Each member in the organization has a separate career path according to the hierarchy of power.

To learn more about hierarchy of authority here

https://brainly.com/question/9207546

#SPJ4

A(n) _____ is a series of tasks that, if delayed, would affect the completion date of the overall project.

Answers

A critical path is a series of tasks that, if delayed, would affect the completion date of the overall project.

It is a method which is recently added to the growing assortment of quantitative tools for business decision making.

Critical Path Method is a powerful as well as very  simple technique which is used for planning, analyzing and scheduling large and complex projects.

In this  type of essence, the tool provides a means of determining  which jobs or activities,  are “critical” in their effect on total project time which comprises a project, and

what is the best way  to schedule all jobs in the project in order to meet a target date at minimum cost.

To know more about critical path here:

https://brainly.com/question/12636426

#SPJ4

Sharon works for a cereal manufacturing company. Her company recently built a manufacturing facility in canada and agreed to take 15 percent of the cereal produced as partial payment over a ten-year period. What form of countertrade is her company pursuing?.

Answers

Buy-Back is the form of countertrade her company is pursuing.

What is Countertrade?

Countertrade is a type of reciprocal international trade in which commodities or services are traded for other goods or services rather than hard cash. This sort of international commerce is more widespread in underdeveloped nations that have restricted access to foreign cash or financing. Countertrade is divided into four types: barter, buy-back, counter purchase, and offset.

Countertrade, in whatever form, allows countries with limited access to liquid capital to exchange commodities and services with other countries. Countertrade is a component of a larger import and export strategy that assures a country with limited local resources has access to necessary commodities and raw materials. Furthermore, it allows the exporting country to provide goods and services in a bigger worldwide market, fostering growth in its sectors.

What is Buy-Back Countertrade?

Occurs when a company constructs a facility in a nation or provides the country with technology, equipment, training, or other services in exchange for a percentage of the plant's production as partial payment for the contract.

Therefore, Buy-Back Countertrade is the form of countertrade Sharon's company pursuing.

For more information on Buy-Back Countertrade, refer to the given links:

https://brainly.com/question/14659049

#SPJ4

______ of a security interest is the act of establishing the secured party's rights ahead of the rights of other creditors.

Answers

Perfection of a security interest is the act of establishing the secured party's rights ahead of the rights of other creditors.

A secured party under UCC Law is a person who obtains the benefit of a security interest created or provided under a security arrangement, whether or not there is a security obligation.

Security interest. Interest in collateral (eg, private property or equipment) to secure payment or performance of an obligation.

The collateral is interested in the proceeds when the collateralize transfers the proceeds to the collateral's property or when the collateral makes a financing statement on the proceeds.

Learn more about security interests at

https://brainly.com/question/7507570

#SPJ1

The guaranty fund paid a consumer’s $15,000 claim because of licensee ben’s negligence. Ben is breaking the news to his broker. how’s his broker likely to respond?

Answers

It was due to licensee Ben's carelessness that the insurance company paid a $15,000 settlement. Ben is telling his broker the news. Because your E&O insurance covers this situation, you can go back to business as normal. This is further explained below.

What is E&O insurance?

Generally, A kind of specialist liability protection against losses that are not covered by ordinary liability insurance, errors and omissions insurance (E&O insurance) is also known as professional liability insurance. It protects both you and your company in the event that a customer files a claim against you or your company for negligent actions, mistakes, or omissions that occurred in the course of business operations and led to a monetary loss.

In conclusion, Because of licensee Ben's carelessness, the guaranty fund had to pay out $15,000 to settle a consumer's claim. Ben is divulging the information to his broker at this time. You can go back to doing business as normal since, fortunately, this problem is covered by your errors and omissions insurance.

Read more about E&O insurance

https://brainly.com/question/21667208

#SPJ1

Describe wage determination in a labor market in which workers are unorganized and many firms actively compete for the services of labor. the labor supply curve of the individual firm is:___.

Answers

The market for labor can be divided into two components, labor demand , and labor supply .

Market labor supply curves are determined more by the number of individuals who choose to supply their labor to that market than the number of hours each supplies.

So at higher wage rates relative to other markets, more people choose to supply labor in that particular market and the curve is always up-sloping.

In perfectly competitive labor and product markets, labor supply curves   always measure marginal opportunity costs. The shorter the time period will be and the more specialized the type of labor will be , the less elastic the labor supply curve will be.

To know more about labor supply curve here:

https://brainly.com/question/13540328

#SPJ4

Whenever agents submit applications to insurers they must also submit statements disclosing whether or not replacement is involved. who much sign these statements?

Answers

Whenever agents submit applications to insurers, they must also submit statements, signed by the applicant and agent, disclosing whether or not replacement is involved.

The term "Applicant Agent" refers to the official representative and backup chosen or nominated by the applicant and given authority to act on his or her behalf.

The application agent maintains the status of apps and brings them online and off as needed. It can be used to specify various executables for the online, offline, and monitoring routines of various programs. The executables may be located on shared or local storage.

If the applicant customer's bank is different from the issuing bank, it is specified in the field labeled "Applicant Bank" in the MT 700 fast message type. This field is not required. If the applicant customer's bank is different from the issuing bank, it is specified in this box.

Learn more about applicant agent here

https://brainly.com/question/24252435

#SPJ4

A resource is anything that is ______ or used to make things that will ultimately be consumed.

Answers

A resource is anything that is stored or used to make things that will ultimately be consumed.

Resources

Resources are anything that has utility and counts value to your vitality. Air, water, food, plants, minerals, metals, and everything else that lives in nature and has utility to mankind is a 'Resource'.

The term industrial resources represent materials, services, processes, or manufacturing tools including the processes, technologies, and ancillary benefits for the use of such equipment required to install or support an efficient and modern national security industrial base.

Seven types of resource management are:

(1) Forest resource management

(2) Water resource management

(3) Mineral resource management

(4) Land resource management

(5) Energy resource management

(6) Wildlife management

(7) Agriculture resource management.

To learn more about Industrial Resources visit the link

https://brainly.com/question/20455904

#SPJ4

After approving all documents from a shipment received, the purchaser sends a(n) ________ to the vendor.

Answers

After approving all documents from a shipment received, the purchaser sends a check to the vendor.

Who is a Purchaser?

The person who oversees the complete process of choosing, purchasing, and assessing the goods and services a restaurant or food service organisation needs.

Purchase order is a letter advising suppliers that their quotes for goods meeting the quality and quantity requirements in the request for proposals have been accepted and that the shipment should be delivered.

Who is a vendor?

Vendor is someone from whom a business purchases products or services on credit or in cash.

Shipment is the actual physical transportation of things between two locations, such as when goods are transported from a warehouse to a customer.

Know more about purchase here:

https://brainly.com/question/24112214

#SPJ1

In a properly functioning economic market, where does the economic value created by firms go? in other words, who gets it? why?

Answers

The value created by firms in the form of goods and services are distributed among various economic entities that consume them such as private consumers, government etc. But a closed circular flow diagram does not depict the other external values created. For example, a private college is a firm that produces education or provides education as a service to individuals who pay for it. This has a positive externality on society since these students can later teach others in society. Also firms produce under certain conditions and surveillance.

Firms can gain a certain control over society by studying the elasticities of demand. Also, firms generate certain expectations regarding wages and other social benefits. On the other hand, firms are controlled by governmental policies such as minimum wage laws, pricing laws etc. Such policies bind the full potential output if the potential output is not in confluence with social goals or maximization of social welfare.

Learn more about economics here: https://brainly.com/question/2824360

#SPJ4

What new model of government was celebrated in ambrogio lorenzetti’s allegory of good government?

Answers

The Allegory of Good and Bad Government model of government was celebrated in Ambrogio Lorenzetti’s allegory of good government.

Three horizontal bars make up the composition in the Allegory of Good Government. The figures of modern-day Siena are seen in the foreground. The citizens serve as figurative representations of the numerous magistrates and civic officials.

Two concords, or weaved cords, connect them. Out from under the Justice scales, harmony gathers. Allegorical characters in two groups standing on a stage behind them symbolize the Good Government. The councilors' procession serves as a bridge between the two factions.

The heavenly sphere and the floating, bodyless ghosts of the virtues are shown in the upper band. The figure of the Commune of Siena has wisdom on its head. He occupies a throne and is shown with a sceptre and orb that stand for temporal authority.

To learn more about Siena here

https://brainly.com/question/24250692

#SPJ1

Using the cut-and-try method for aggregate operations planning, we can back calculate beginning inventory if we knew the values of other relevant variables. What should have been the initial inventory in units of demand, if the production requirement in units of product is 900, demand forecast is 1,000, and the necessary safety stock is 20 percent of the demand forecast, Choose the right answer for the beginning inventory.

Answers

Beginning inventory must have been 300.

The entire dollar amount of stock goods that are available for use or sale at the beginning of an accounting period is known as beginning inventory. Beginning inventory, also known as starting inventory, is the same as ending inventory from the preceding accounting period.

There are four basic categories of inventory:

finished items, MRO, WIP, and raw materials/components.

Businesses may better plan, budget, and forecast by understanding sales trends with the aid of beginning inventory.

For internal accounting records like income statements, beginning inventory provides information about the stock's valuation. With the following aspects, it aids in e-commerce bookkeeping: Determine any potential inconsistencies and inventory loss.

the difference in demand and the closing inventory

= 1000 - 900

= 100

And 20% of the demand (2000) = 200

the safety stock = 200 + 100

                         = 300

Therefore, the beginning inventory is 300.

To know more about beginning inventory refer to:  https://brainly.com/question/18761234

#SPJ1

The unofficial communication system of the informal organization, a system of gossip and rumor, is known as jargon.
a. true
b. false

Answers

The unofficial communication system of the informal organization, a system of gossip and rumor, is known as jargon. false

A communication system is a system that describes the exchange of information between two points. The process of sending and receiving information is called communication. The main elements of communication are the information sender, the communication channel or medium, and the information recipient.

The main examples of communication systems are telephones, telegraphs, mobile phones, Edison telegraphs, computers, and television cables. The sources of this system can be divided into electric and non-electric. These are sources of input signals or message signals.

Learn more about communication here: https://brainly.com/question/26152499

#SPJ4

Genuine spice inc. began operations on january 1 of the current year. the company produces 8-ounce bottles of hand and body lotion called eternal beauty. the lotion is sold wholesale in 12-bottle cases for $100 per case. there is a selling commission of $20 per case. the january direct materials, direct labor, and factory overhead costs are as follows:

Answers

139 trillion easy like

Paraguay’s economy is afflicted by poverty and an absence of opportunities and advantages. However, a positive aspect of this situation is?

Answers

Paraguay's economy is afflicted by poverty and an absence of opportunities and advantages. However, a positive aspect of this situation is none.

The economy of Paraguay is a market financial system that is distinctly depending on agriculture products. In latest years, Paraguay's economic system has grown because of improved agricultural exports, especially soybeans. Paraguay has the monetary benefits of a young population and great hydroelectric energy.

Paraguay has been one of the poorest and most unequal nations at the continent for a long term. the total poverty rate — defined by using the world financial institution as those with an income of much less than $3.10 a day — in Paraguay rose in 2016 from 26.6 percent to 28.8 percent.

Learn more about economy here: https://brainly.com/question/2824360

#SPJ4

How does the percent of people who would borrow from some financial institution compare to the percent of people who would borrow from friends or family?

Answers

9 percent of people would borrow from some financial institution to 23 percent borrowed from friends or family.

41% of Americans have lent money to a friend or family member. About 2 in 5 Americans have lent money to their loved ones in the last year. On average, lenders offered her $1,497, with 62% already repaid. Of those who lent money, 38% lent it to friends and 31% to siblings.

12% of adults were financial institutions unable to pay their costs under any circumstances. It's annoying to have so many extras for such a small expense, but even if you have $400 to spare, you choose to take out a loan to use cash as a cushion for other expenses. There may also be people.

Learn more about the financial institution at

https://brainly.com/question/734697

#SPJ4

What classification of fire and emergency services organization generally protects large areas of unincorporated land that contain large populations?

Answers

County Fire in emergency services organization generally protects large areas of unincorporated land that contain large populations.

County Fire means all of the fire and emergency services provided throughout County Fire Service Area No. 40. County Fire does not provide any insurance for private automobiles used on County Fire business.

In an emergency services organization, county fire generally protects large areas of unincorporated land that contain large populations, such as Los Angeles county. The Los Angeles County Fire Department  provides firefighting and emergency medical services for the unincorporated parts of Los Angeles County.

Hence, the answer is given and explained above.

To learn more about County Fire here:

https://brainly.com/question/17101894

#SPJ4

____________ is one of the world's largest single markets, with 25 member countries, a common currency, and more than 454 million consumers.

Answers

The European Union is one of the world's largest single markets, with 25 member countries, a common currency, and more than 454 million consumers.

The European Union is a political and economic union of 27 member states that are located primarily in Europe. The EU provides for open borders between its member countries to facilitate trade without tariffs or duties.

Three bodies run the EU. The EU Council represents national governments. The Parliament is elected by the people. The European Commission is the EU staff. They make sure that all members act consistently in regional, agricultural, and social policies.

To learn more about European Union here

https://brainly.com/question/519121

#SPJ4

From the consumer’s perspective, the elements of an imc strategy can be viewed as being either.

Answers

There are three components in any integrated marketing communication approach: the Consumer Being Targeted, the channels through which the statement is communicated, and evaluation of the results of the communication.

Integrated marketing

Integrated marketing is the process of unifying all elements of marketing communication — such as advertisement, PR, and social media — and utilizing their respective mix of media, channels, and tactics to produce a seamless and customer-centric experience.

Integrated marketing communications is the technique by which a company provides different promotional methods within a marketing campaign are clear, constant and working toward the same goal.

IMC strategy include:

Traditional and online earned media.Advertising.Online marketing including email marketing.Content marketing and social media marketing.

To learn more about Integrated marketing visit the link

https://brainly.com/question/14691440

#SPJ4

Relapses sometimes occur when trying to change a behavior. if this happens, the best strategy is to?

Answers

Relapses sometimes occur when trying to change a behavior. if this happens, the best strategy is to avoid placing blame on yourself and instead acknowledge the progress you've achieved.

Relapse itself is a treatment failure, therefore the term "relapse treatment" is somewhat misleading.

Nevertheless, there are three main strategies that are now employed to lessen the chance of drug relapse.

These consist of medication, cognitive behavioral therapy, and contingency planning.

Identifying the requirements that were previously satisfied by drug use and developing the abilities necessary to meet those needs in other ways are the fundamental objectives of treating substance dependency and preventing relapse.

Hence, Relapses sometimes occur when trying to change a behavior. if this happens, the best strategy is to avoid placing blame on yourself and instead acknowledge the progress you've achieved.

Learn more about behavior therapy:

https://brainly.com/question/25960579

#SPJ1

If a firm has 50 employees at the point it applies for health coverage, what is its classification?

Answers

If a firm has 50 employees at the point it applies for health coverage, it classifies as a small employer.

To be eligible for small business medical health insurance, an agency has to have between one and 50 employees. This is taken into consideration as a small commercial enterprise for purposes of purchasing organization medical health insurance. When you have extra than 50 employees, you will need to: observe for huge group insurance

Under the ACA, employers with 50 or greater full-time employees (or the equal in element-time personnel) ought to offer health insurance to 95% of their complete-time personnel or pay a penalty to the IRS. This penalty is pretty hefty—$3,860 in step with the worker in line with the year (in 2020).

The Affordable Care Act (ACA) is a comprehensive reform law, enacted in 2010, that will increase medical health insurance coverage for the uninsured and implements reforms to the medical health insurance market. This consists of many provisions which are constant with AMA coverage and holds the capacity for a higher health care system.

Learn more about the Affordable Care Act here brainly.com/question/26495011

#SPJ4

A floating-rate bonds promise payments that debt are:___.
a. based on future interest rates illegal
b. based on current interest rates
c. based on company dividend levels

Answers

A floating-rate bonds promise payments that debt are based on current interest rates.

Floating rate bonds make up a large a part of the Indian bond marketplace and are majorly issued by the authorities. as an example, the RBI issued a floating rate bond in with hobby payable every six months. After six months, the interest price is re-constant by means of the RBI.

A floating hobby price is one which changes periodically, in preference to a fixed unchanging hobby price. Floating fees are carried by using credit score card companies and usually seen with mortgages. Floating prices follow the marketplace or track an index or every other benchmark interest price.

A floating price fund invests in bonds and debt instruments whose interest bills differ with an underlying hobby price level. Floating fee price range can encompass company bonds as well as loans made with the aid of banks to companies. those loans are every now and then repackaged and included in a fund for traders.

Learn more about floating- rate bonds here:-https://brainly.com/question/25596583

#SPJ4

Compared to the price elasticity of demand for gasoline, the demand for texaco gasoline will_________.

Answers

Compared to the price elasticity of demand for gasoline, the demand for Texaco gasoline will be more elastic.

Price elasticity of call for is the ratio of the proportion change in the amount demanded of a product to the percentage exchange in rate. Economists hire it to apprehend how supply and demand trade when a product's price changes.

If a fee alternate for a product causes a giant change in both its supply or call for, its miles are considered elastic. Generally, it manner that there are acceptable substitutes for the product. Examples would be cookies, luxury cars, and coffee.

In commercial enterprise and economics, price elasticity refers to the degree to which people, purchasers, or producers alternate their demand or the quantity supplied in response to fee or earnings adjustments. it is predominantly used to evaluate the trade-in consumer call for because of an alternate in an excellent or carrier's price.

Learn more about price elasticity here https://brainly.com/question/5078326

#SPJ4

The three general categories of pre-alerts are __________________, information, and details.

Answers

The three general categories of pre-alerts are inquiries, information, and details.

A pre-alert is a shipment notification that the freight forwarder at origin sends to the freight forwarder or customs broker at the destination so that they can make arrangements for the import clearance and delivery in advance.

It indicates that the package has already been loaded and provides other crucial shipment information like the predicted arrival time.

In shipping, a pre-alert can serve a variety of functions. The pre-alert is utilized for in-depth distribution and planning by the importer or consignee. It is mostly utilized by the freight forwarder to submit the on-carriage and the inward foreign manifest.

In shipping, a pre-alert can serve a variety of functions. The pre-alert is utilized for in-depth distribution and planning by the importer or consignee.

To learn more about Shipping refer to:

https://brainly.com/question/9442983

#SPJ1

Which document is most likely to include planned project start and end dates which serve as the starting points for a detailed schedule?

Answers

The project charter often mentions planned project start and end dates, which serve as the starting points for a more detailed schedule.

A project charter is a proper brief document that states a task exists and gives challenge managers written authority to begin paintings. An undertaking charter record describes an assignment to create shared expertise of its dreams, goals, and aid requirements before the assignment is scoped out in detail.

In project control, a challenging charter, undertaking definition, or assignment assertion is an announcement of the scope, objectives, and members of a task.

Project charter units out the scope, targets, and those worried about the challenge. This formal file makes use of all that facts to authorize the task. So the constitution shall we the mission manager use organizational and outsourced sources to complete the assignment.

Learn more about the project charter here: https://brainly.com/question/14544849

#SPJ4

Which school of economic thought holds close to the theories of adam smith and believes that the prices of products are largely a function of how much they cost to produce?

Answers

The classical school of economic thought holds close to the theories of adam smith and believes that the prices of products are largely a function of how much they cost to produce.

What is the classical school?Classical economics is a wide phrase referring to the main economic school of thought in the 18th and 19th centuries. Most people regard Scottish economist Adam Smith as the father of classical economic theory. However, Spanish scholastics and French physiocrats contributed earlier.The classical school of economic theory adheres to Adam Smith's views and argues that product prices are mostly determined by how much it costs to make them.The classical approach is a history-based, idea-oriented teaching strategy that introduces pupils to great minds from the past through literature, essays, philosophy, and other means. It has been used to educate kids successfully for hundreds of years and has created many of history's finest minds.

Therefore, the classical school of economic thought holds close to the theories of adam smith and believes that the prices of products are largely a function of how much they cost to produce.

Know more about the classical school here:

https://brainly.com/question/17583598

#SPJ4

Other Questions
The surface of the tongue is covered with __________ stratified squamous epithelium, and has bumps called __________, where many taste buds can be found What is the authors main argument in an Indian fathers plea? Katie does not like wearing baggy pants because she thinks they do not look feminine. katie's opinion is based on her perception of _____ What did polybius see as the key to the success of the roman army during the period of the early republic? Leadership skills that focus on your ability to work with, understand, and motivate those people around you are:________ What mass of cu(s)cu(s) is electroplated by running 14. 5 aa of current through a cu2 (aq)cu2 (aq) solution for 4. 00 hh? What should you do to prevent distractions by eating, personal grooming, and setting audio preferences? About _____ of all those in prison have a father, mother, brother, sister, or spouse who has also served time in prison. Read the following excerpt from Sandra Cisneross story "Mericans."Theyre not from here. Ladies dont come to church dressed in pants. And everybody knows men arent supposed to wear shorts.Which of the following statements best describes the irony in the narrators observation that the couple is not from here?The narrator is not from here either.The couple is Mexican.The couple thinks that the children are Mexican.The narrator is mistaken. Protists represent an important evolutionary step between ____________ and ____________. a. fungi, plants b. single celled organisms, multicelled organisms c. bacteria, animals d. plants, animals example of a thesis for my essay When designing a management support system, using a(n) ____ can help reduce frustration. PROBLEMS TO SOLVESolve the following problems IN PENCIL. You must show ALL WORK. Make sure graphshave Titles and are properly labeled WITH UNITS:1. Graph the following sample data set showing the distance covered by a runnerduring an 800 meter race. Satia drives for 4 hours from a to b. angelique drives at half the speed of safia. find how many hours angelique takes to drive from a to b Story elements can advance the plot by? [Ir(NH3)CI(CO)] draw cis and trans isomers A blue train of mass 50 kg moves at 4 m/s toward a green train of 30 kginitially at rest. The trains collide. After the collision the green train moves with a speed of 3 m/s. What is the final momentum of the blue train?A. 90 kgm/sB. 200 kgm/sC. 110 kgm/sD. 20 kgm/s Write an equation of the line that passes through the point (5, -8) with slope 5 In Boston elevation 20 feet, your mass is 75 kg. On top of Mt. Everestt (elevation 29,029 feet) you mass would be The philosophical view that there are ultimate presuppositions which cannot be proven but that are the basis for all of our other ideas is called:_________