Answer:
The economy that would suffer a higher cost of inflation in this two scenarios would be the second one: "he inflation rate was 3% for two decades but just this past year rose to 10%."
Explanation:
The rate of inflation is calculated by the amout of increase and decrease of prices in economy. That means that the prices of good and services could increase or decrease. The most harm a economy suffers is when the inflation rate cannot be calculated because it is not stable.
In this case even though a 100% inflation a year is a lot and no good, to not be able to calculate how the inflation is going to go, has a more negative effect. On economics a very imporant matter is to be able to stabilize the economy. To be able to estimate the infaltion rate, is better than it changing with out knowing exactly the percentage.
People can plan better their economy when the rate of infaltion can be estimate. It helps to the banks to planify better, and for people to plan better their future.
The Southern Colonies (now known as the states from Maryland, when included with the Chesapeake Colonies, down to Georgia) were founded as privately-owned areas of land that were solely economically influenced by cash crops, such as indigo and tobacco. This is thanks to the lush soil and warm, humid climate perfect for growing. Hope this helps :)
Contagion theory views collective behavior as a process in which moods, emotions, attitudes, and behavior are quickly accepted and communicated to others, like a disease.
<h3>What is the Contagion theory?</h3>
This is the theory in the field of sociology that describes the collective behavior of people as something irrational.
The theory feels that the behavior is due to the collective environment that people may find themselves.
Read more on contagion theory here:
brainly.com/question/1409234
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Answer:
<u>agency</u>
Explanation:
<u>Agency </u>is referred to as an individual's ability to influence his or her functioning & the specific course of events by his or her actions.
<u>Individual agency: </u>The term "individual agency" is described as a process in which an individual tends to act or work on his or her behalf. An individual agency consists of a specific amount of resources and capabilities that result in some people having greater power or agency as compared to others.
<u>In the question above, the given statement represents "individual agency".</u>
