What are the following options
Using the Fisher equation, which shows the exact
relationship between nominal interest rates, real interest rates, and inflation
is:
The solution would be:
(1 +R) = (1 +r)(1 +h)
R= (1 + .031)(1 + .019) – 1
= (1.031)(1.019) – 1
= 1.050589 – 1
=0.050589 or 5.059%
The easier it is to maintain a working product or fix a broken product, the more serviceable that product will appear. This also makes sense when you think about the different products which you have used in your life where they each have had different levels of serviceability.
Answer:
<em>The invisible hand concept</em>
Explanation:
The invisible hand concept is a metaphor which describes the actions of a person who performs certain tasks for his own benefit but his actions also lead to being a help for the public or a society.
In the scenario, mentioned in the question, Sergio wanted to earn a nice amount of profit for himself by setting up a consulting business. In his effort to do this, he benefited the society by helping them with their computer problems. Hence, this is an example of invisible hand concept.
