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strojnjashka
1 month ago
10

Which of the following statements is a valid economic conclusion based on this information?

History
2 answers:
9966 [1.7K]1 month ago
6 0
<span>The second option is correct. It would be optimal for Sam to focus solely on conducting sales calls. </span>
Xelga [1.6K]1 month ago
6 0
It would be more advantageous for Sam to focus solely on making sales calls. To address this issue, one must grasp the idea of opportunity cost, which is an economic concept that evaluates the financial loss incurred when a person forgoes one activity to pursue another. For instance, by making a sales call, Sam misses the chance to file 0.1 tax return, whereas completing a tax return means he cannot make 0.25 sales calls. Consequently, if Sam makes 30 sales calls, this will mean he does not file 3 tax returns. Likewise, making 28 tax returns results in missing out on 7 sales calls. Thus, the opportunity cost associated with producing Sam's tax returns exceeds that of making sales calls. Therefore, the analysis of opportunity cost indicates that it is more effective for Sam to engage in sales calls.
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In an era of bad harvests, famine, and rioting, the French government took steps to improve the worsening financial crisis. What
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The available choices are:

A.  Taxes were increased by the government.

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Answer:

A.  The government increased taxes.

Explanation:

The period of poor harvests, famine, and civil unrest in France was the catalyst for the revolution occurring between 1789 and 1799 under King Louis XVI. During this timeframe, in efforts to amend the situation and tackle the deepening financial issues, the French government opted to raise taxes.

While this decision benefitted the economic standing of the French government, it worsened the financial state of the general populace in France.

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