Answer:
The term “free market” is sometimes used as a synonym for laissez-faire capitalism. When most people discuss the “free market,” they mean an economy with unobstructed competition and only private transactions between buyers and sellers.
hope this helps
Answer:
$211,971.
Explanation:
he will have earned in $115,971 in interest.
Answer:
d. more consumer goods can only be produced at the cost of fewer capital goods.
Explanation:
The production possibility curve is a curve that shows the two combinations of goods and services produced in an economy when its resocurces are fully employed.
To increase the production of one good, more quantity of the other good has to be given up.
The opportunity cost of production increases as more quantity of one good is produced.
In this question, to produce more consumer goods, fewer capital goods would be produced.
I hope my answer helps you
Answer:
Amount which is earned from bank B will be $7444.21
Explanation:
We have given principal amount P = $7500
Rate of interest r = 9 %
We have to find the interest after 8 years
Total amount after 8 year is given by
So the amount which he earn more = $14944.21 - $7500 = $7444.21
