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Why different income groups have different spending pattern?
Different income groups, (upper, middle, and lower class) have different spending patterns for a number of reasons such as the lack or abundance of funds, financial mentality, desire vs. ability to attain luxury. Financial Priority as pertaining to social economical status also plays a large role in motivated spending. There are some who would go on to suggest that the IQ's of those in both the lower and upper bracket are directly related to their social economical status; IE, The less intelligent, the lower the status, etc. Which would, if it where the case, play another large role in specific spending patterns.
What are advantages of cartel?
There are many advantages to cartels some of them include: The members will have higher profit marginsThe members have a network of people to work together with The members have the opportunity to keep production cost lower
What are Normal Trade Relations?
The designation of a country with which beneficial trade status (lower tariffs, limited restrictions) has been declared. The status Permanent Normal Trade Relations (PNTR) was created in 1998 to replace the former title of Most Favored nation (MFN).
What does socioeconomic status mean?
By socio-economic status, most people mean a person's rank in society based upon their class. In the U.S., class is primarily defined by a person's education and employment. For the most part, people with higher incomes have higher status, but not always. Lower income people in white collar occupations are usually considered higher status than blue collar people who earn more money; i.e.. a librarian is usually perceived to have greater status than an interstate bus driver. On the other hand, a self-employed journeyman plumber will not only have greater income than an elementary school teacher, but also will have higher status. In Europe and South America, its much more common for educated people with lower incomes to have greater status in society than the uneducated well-to-do. In the U.S., that's not as frequent. A high school dropout here who earns over a $100,000 per year will usually be accorded much more respect than an MBA twenty years out earning only $50,000 per year.
Describe three determinants of demand elasticity?
These three determinants are listed here: nature of commodity -the more perishable a good,lower will its elasticity of demand,middle income groups have highly elastic demand ,goods having alternative uses have elastic demand,for eg.milk
How do car insurance groups affect the cost of your insurance?
Insurance groups negoitiate for lower prices for the members of the group. Therefore if you are a part of the group it will decrease the cost of your insurance.
What indicates a person's social status?
A person's social status can be indicated by factors such as their occupation, level of education, income, possessions, and associations with individuals or groups of higher or lower social standing. Additionally, behaviors, mannerisms, and speech patterns can also play a role in signaling social status.
What is the decision of the lower court if the US Supreme Court refuses to hear a case?
The decision of the lower court is final.
When an appellate Judge overturns a lower Judge's ruling can the lower Judge once again overturn the decision?
The lower court cannot overturn the higher court's decision.
Why different income groups have different spending pattern?
Different income groups, (upper, middle, and lower class) have different spending patterns for a number of reasons such as the lack or abundance of funds, financial mentality, desire vs. ability to attain luxury. Financial Priority as pertaining to social economical status also plays a large role in motivated spending. There are some who would go on to suggest that the IQ's of those in both the lower and upper bracket are directly related to their social economical status; IE, The less intelligent, the lower the status, etc. Which would, if it where the case, play another large role in specific spending patterns.
Why different income groups have different spending patterns?
Different income groups, (upper, middle, and lower class) have different spending patterns for a number of reasons such as the lack or abundance of funds, financial mentality, desire vs. ability to attain luxury. Financial Priority as pertaining to social economical status also plays a large role in motivated spending. There are some who would go on to suggest that the IQ's of those in both the lower and upper bracket are directly related to their social economical status; IE, The less intelligent, the lower the status, etc. Which would, if it where the case, play another large role in specific spending patterns.
What three decisions can the US Court of Appeals Circuit Courts make about the cases before them?
UPHOLD the lower court's decision. REVERSE the lower court's decision. REMAND the lower court's decision back to it.
How might a appeal court respond to a lower court's decision?
It will affirm or reverse the decision.
What is societal mobility?
Societal mobility refers to the movement of individuals or groups within a society from one social class or position to another. It can be upward (moving to a higher social status) or downward (moving to a lower social status) and is influenced by factors such as education, occupation, wealth, and social networks.
To apply a higher court for reconsideration of the decision of a lower court is to?
Appeal the decision of the court.
Is reversed and remanded the same in a decision?
No, "reversed" means the lower court's decision is overturned, while "remanded" means the case is sent back to the lower court for further action or reconsideration.
Should you work your lower body or your upper body first?
Assuming that you are doing a whole-body strength routine, you should work your lower body first. The rule is this: work larger muscle groups before small muscle groups. Since your largest muscle groups are lower body groups such as quads and glutes, you should work your lower body before working your upper body. .
