Answer:
Positive
,
A positive cross elasticity of demand means that two goods are substitutes.
Explanation:
The cross elasticity of demand for substitute goods is always positive in light of the fact that the demand for one good upsurges when the price for the substitute good increases. For instance, if the price of coffee rises, the quantity demanded for tea (a substitute brew) increases as consumers switch to a more affordable yet substitutable alternative. This is mirrored in the cross elasticity of demand formula as well. Both the numerator (% change in the demand of tea) and denominator (the price of coffee) show positive escalations.
The findings provided by the Hawthorne studies provided the impetus for the humanistic perspective, despite flawed methodology or inaccurate conclusions.
<h3>What is a Humanist Perspective?</h3>
This refers to the type of perspective that looks at the whole individual and emphasizes on concepts such as free will. Hence, we can see that The findings provided by the Hawthorne studies provided the impetus for the humanistic perspective, despite flawed methodology or inaccurate conclusions.
This is because the humanist perspective has to do with helping people fulfill their potential and maximize their well-being.
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There is a positive relationship between both the interest rate used to compound a present sum and the number of years for which the compounding continues and the future value of that sum.
<h3><u>
What is interest rate?</u></h3>
- The amount a lender charges a borrower is called an interest rate, and it is expressed as a percentage of the principal, or the loaned amount.
- Typically, a loan's interest rate is expressed as an annual percentage rate, or APR (APR).
- A savings account or certificate of deposit earnings at a bank or credit union may also be subject to an interest rate (CD).
- The interest received on these deposit accounts is measured in annual percentage yields (APY).
In essence, interest is a fee assessed to the borrower for the use of a resource. Borrowed assets may include money, merchandise, automobiles, and real estate.
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