Answer:
https://www.worldatlas.com/articles/the-largest-economies-in-the-world.html
Explanation:
Answer: c. Master status
Explanation:
Master status is known to be the position which a person is identified and recognized with. It is a status which a person earns due to the characteristics exhibited by him or her and which affect how people relate with him or her. It is of great significance in the existence of an individual because it makes him or her to be aware, conscious and understand the society in which he or she lives. Furthermore, it has great impact on the social identity of an individual. Thus, master status can be based on sex, religion, race, education, age, position and so on.
The fourth question is correct (D).
To understand this answer, one must understand the mechanism of correction of inflationary processes.
Inflation erodes the purchasing power, thus, the elderly with fixed income will be harmed and not beneficiaries in an inflationary process.
<u>The main mechanism to reduce inflation is the interest rate.</u> In this way, when inflation happens, the Federal Reserve raises the interest rate. This makes public bonds profitable and economic agents begin to use money by buying bonds, reducing the circulation of money and consequently lowering inflation.
For banks that have made adjustable rate loans, this will be a good thing, as interest on the contracts will increase along with the increase in the interest rate, which will make the contracts yield more. Therefore, banks will be the biggest beneficiaries. However, this will happen only when the rate is adjustable.
The answer is D
Entrepreneurship is defined as, “The activity of setting up a business or businesses. Taking on financial risk in hope for product.”
When Margaret opens a store is sell her new invention, she is taking entrepreneurial action. Taking the financial risk to produce a product and opening a store, a business, in hopes of making profit.
Answer:
Classical economist, Keynes
Explanation:
The economist spending time in total economics and the output of the effects. It was developed by the Keynesian economists in 1930 to know about the great depression. This the phenomenon that pulls out the great economy from out of the danger called the great depression. The main aim of this theory is to obtain the performance level of the economy. This is the theory that tells about the new way of thinking.
Thus classical economist advocates Laissez-Faire. On the other hand, Keynes that prices and wages were not flexible enough to make the market self adjust and make the discretionary fiscal policy.
