Which of the following is consistent with the law of supply:
1. The price of a good falls and its supply decreases.
2.The price of a good rises and its quantity supplied decreases.
3.The price of a good rises and its supply increases.
4.The price of a good rises and its quantity supplied increases.
As the price of a product goes down, the quantity supplied goes up. As the price of a product goes up, the quantity supplied goes down. As the price of a product goes down, the quantity supplied goes down. As the price of a product goes up, the quantity supplied stays the same.
Answer:
The correct order of events
a1) Taxes are lowered
a2) Consumers and investors have more money
a3) Businesses prosper
a4) Businesses expand
a5) The economy grows
Explanation:
Supply side economics is an economic theory that suggested that lowering the tax to corporate, government will help in create interest in investing more to industry that will help in enhancing productivity and create jobs and eliminate inflation by slashing down prices.
This idea is an enormous piece of Ronald Reagan's financial arrangements during his administration. This turns into a focal point of "Reaganomics." He utilizes this strategy to drive the American economy during his 8 years of presidency.
The correct order of events
a1) Taxes are lowered
a2) Consumers and investors have more money
a3) Businesses prosper
a4) Businesses expand
a5) The economy grows
Answer:
Norway, Switzerland, Australia, Ireland and Germany topped the index, which ranks countries according to their progress in health, education and income. "We cannot talk of human development without taking into account 50 percent of the population," said Selim Jahan, lead author of the Human Development Report.
Probably better defense systems or training people in the army.
