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siniylev [52]
2 years ago
10

Suppose a severe drought results in a poor harvest and leads to higher overall food prices. This situation is a _____ shock and

is likely to lead to _____ inflation.
Business
1 answer:
Scrat [10]2 years ago
3 0

Suppose a severe drought results in a poor harvest and leads to higher overall food prices. This situation is a "supply" shock and is likely to lead to "cost-push" inflation.

<h3>What is cost-push inflation?</h3>

Cost-push inflation happens when a good or service's supply changes but its demand remains the same. Cost push is one of the two causes of inflation. The other is demand-pull inflation.

The causes of cost-push inflation are-

The most frequent causes of it include

  • monopolies,
  • wage increases,
  • natural disasters,
  • the introduction of regulations, and
  • changes in exchange rates.

In this situation, the supply levels fall down due to loss of harvest and demand remains the same. This will drive up the prices, leading to inflation.

Learn more about inflation, here

brainly.com/question/1082634

#SPJ4

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A promise or order is only considered negotiable if ________. it states that the promise or order is subject to or governed by a
julia-pushkina [17]

For a promise or order to be considered negotiable, it must of a necessity be an unconditional order for payment. Unlike deals where satisfaction with the goods being purchased is prerequisite for payment, for a negotiable promise or order, payment cannot depend upon any condition or contract. 

5 0
3 years ago
For business and personal finance: What is insurance?
maksim [4K]

Answer:

Insurance is the procedure by which persons or companies exposed to a specific risk agree with an institution specializing in compensation for damage that the institution will indemnify the damage caused when the risk materializes. The resulting contract is called insurance.

From a commercial point of view, insurance can be defined as the means by which the cost of incidental damage can be converted evenly into a continuous annual cost on an annual basis.

5 0
2 years ago
Which statement WOULD NOT be true about the value of career research?
Rudiy27

Answer: There are many careers that would support your well-being. Career exploration allows you to find the one that pays the most so your well-being is enhanced to the highest degree

Explanation:

When making a career research, it's vital to consider the opinion of the people that already have that career as their occupation as they already have the required knowledge concerning the job.

Also, one should consider the availability of job, the skills, abilities that one has and the future prospects of the job.

Furthermore, we all have something we value about careers and our opinions regarding that might be different.

Therefore, the correct option is "There are many careers that would support your well-being. Career exploration allows you to find the one that pays the most so your well-being is enhanced to the highest degree". This is false.

7 0
2 years ago
calculate the average of each of the following. speed per hour during a three-hour trip: 65 MPH, 55 MPH, 45 MPH
castortr0y [4]

Answer:

ffffgfggggggggggggg

5 0
2 years ago
A​ check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks
BaLLatris [955]

Answer:

Forecast for the month of July = 41,600,000 Checks

Explanation:

The question is determine the forecast for the month of July for the Check Processing Center

first, what is the forecast for June= 42 Million Checks also called Fjune

Actual checks received in June = 40 million checks also called Ajune

The smoothing constant is 0.2

Hence, the forecast for July known as the Fjuly

= a x Ajune + (1-a) x SFune

=  0.2 x 40,000,000 + (1-0.2) x 42,000,000

= 8,000,000 + 33,600,000

Forecast for the month of July = 41,600,000 Checks

3 0
3 years ago
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