Answer:
3.75
Explanation:
Given;
Price of gold = $1,200 per troy ounce
Price of silver = $20 per troy ounce
Therefore,
1200/20 = 60 pieces of silver is worth one troy ounce of gold but;
1 ounce = 0.0625 pounds
60 ounces = 60 ×0.0625
= 3.75
Therefore a 3.75 pounds of silver is worth single troy ounce of gold.
Answer:
The correct answer is C. clipping level
.
Explanation:
An IDPS is someone who is forced to leave his home, but who remains within the borders of his country. The most frequent causes for this phenomenon to be promoted are: generalized violence, armed conflicts and human rights violations. In many cases the displaced are protected by their government and in others the same government is responsible for the displacement. Globally, the number of displaced persons is close to 65.3 million people. People in this condition possess all the rights they possess as citizens, the protection of international humanitarian law and international human rights law.
Answer:
True
Explanation:
In a perfectly competitive market, all producers sell identical goods or services. Additionally, there are many buyers and sellers. Because of these two characteristics, both buyers and sellers in perfectly competitive markets are price takers. Market price is set by the forces of demand and supply.
If the seller attempts to set his own price and sets it above the market price, the seller would lose all its customers and make zero sales.
If the seller attempts to set his own price and sets it below the market price, the seller would make losses .
I hope my answer helps you.
The correct answer is Markets tend to move towards equilibrium as individuals respond to incentives.
It is so because when there is disequilibrium there is increased competition among buyers. Price rise and this motivates supply to rise. In this case, individuals are going for engineering as it is paying high returns and hence supply of engineers is increasing.
Answer:
true
Explanation:
the consumer price index measures the average prices of a basket of goods and services, it includes housing costs, food, medical care, transportation, educational expenses, etc.
The current price of the CPI basket can be used to measure inflation by comparing it to the price of last year's basket ,or if you go a little further, you can compare it to the base year's basket of goods.
