Supply is inelastic and demand is elastic for land.
Answer:
According to Darwin and William James
Explanation:
Darwin and William James has suggested that the face of a person is not only a billboard that displays their feelings but it also feeds their feelings. This means that if a person is feeling down and is stressed or sad and decides to smile and meet someone with a smile than it is likely that the person will also start to feel happier. This is what the theorists have meant by feeding the feelings that when a person smiles they feel happier even if they were not happy before. Although, other researchers have presented different point-of-views in this regard as well and this topic is still being researched.
International trade with free markets encourages the overthrow of tariffs for the free movement of goods and services between countries. According to Trade Theories, countries have peculiar characteristics that give them relative or absolute advantages. Thus, a country can specialize in a commodity and export it and import other commodities.
It is also important to emphasize that countries seek to export more than import, ie to increase their surplus in the trade balance. If a country exports more than it imports, more money gets.
Answer:
The correct answer is option c.
Explanation:
In the 1990’s Ireland made unemployment benefits less generous. This provided an incentive to workers to find a job quicker as the employment benefits were reduced.
This would further cause the frictional unemployment rate to decline.
Frictional unemployment is the unemployment caused because of shifting from one job to another.
The natural rate of unemployment includes both structural unemployment and frictional unemployment. A reduction in frictional unemployment will cause natural unemployment to decrease.
