You can expect them to bring their promises to fruition
The effect that a drop in price will most likely have is increase the quantity demanded of goods.
If something becomes cheaper than it used to be, people are going to buy more of it because it is cheap now. Thus, the demand for that particular good will rise.
Hello there, the correct answer is:
B.
Answer:
The answer is: B) Contracts under seal, letters of credit, and also implied-in-law contracts
Explanation:
Only 10 states allow contracts under seal. A contract under seal does not require consideration and has the seal of the signer attached to it.
Letters of credit are legal contracts between banks and the sellers of goods (LC are usually related to export and import activities).
Implied contracts are contracts that are not written but they are valid based on the parties' actions.
Answer: Four times.
Explanation:
Based on the information given, the government expenditure multiplier in this case goes thus:
K = ∆Y/∆G = 1/1-MPC = 1/MPS
For the first country with a MPS of 0.05, K = 1/MPS = 1/0.05 = 20
For the first country with a MPS of 0.2, K = 1/MPS = 1/0.2 = 5
Therefore, 20/5 = 4.
Therefore, the answer is four times.