Answer: I think Anything tight, bright, short, or sheer should absolutely be avoided.
Explanation:
Answer:
erm
Explanation:
The more supply, the less demand. The less supply, the more demand.
Answer:
C. Both a Macro Economist & Micro Economist
Explanation:
Micro Economics is the study of single individual consumer, firm, industry. Eg-Single commodity price.
Macro Economics is the study of all consumers, firms & industries - studying economy as a whole. Eg: General price level.
Impact of higher tax can be on :
- On supply, demand of that particular good on which tax is levied (concern of Micro Economics). Micro Economic Concept Eg: Supply is inversely related to tax component of 'government policies' factor.
- On aggregate demand, aggregate supply of the economy as a whole (concern of Macro Economics). Macro Economic Concept Eg : AD = C+I+G+NX, government expenditure decrease (tax increase) reduces AD.
So: Impact of higher tax can be examined by both Micro Economist & Macro Economist, depending upon the kind of study.
The statement that the people very sensitive in taking risks totally avoid risks whenever possible is a TRUE statement. Such people do not fall under the category of risk-takers.
Risk ability is referred to as the desire to take risk based upon their risk profile and factors contributing to such decision like age, financial stability, responsibilities, etc.
<h3>Risk profile </h3>
- The person who are willing to take risks and move ahead are called the risk-takers. Whereas, people who are very reluctant and hesitant in taking risks are referred as the risk aversers in business terms.
- Risk aversion is the condition in which the person might not accept the difficult and extra rewarding alternative as there is a risk involved given that factors like age, stability, responsibilities, etc. also apply.
- To explain this, it can be stated that a risky investor doesn't sell off his securities if their market value is declining, however a risk sensitive person will sell them early to avoid further losses.
Hence, the statement regarding the risk sensitive person's ability to avoid risk whenever possible is TRUE.
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