Answer:
Private Savings = $4 Trillion
Explanation:
Given that
GDP = Y = 15 Trillion
Taxes = T = 1 trillion
Consumption = C = 10 trillion
Recall that
Private Savings = Y - T - C
Therefore,
Private savings = 15 - 1 - 10
= $ 4 Trillion
Explanation:
I would say may 6th because Sam didn't know Ralph was going to revoke until May 5th and that only makes it half final because Ralph wouldn't know in anyway except through a letter that Sam has received his letter and agreed or disagreed.
May 6th is when he gets the confirmation. So both people know on May 6th.
If this is too confusing ( like it was for me I had to read it 6 times ) then think about it this way. if you make a deal with a fisherman to buy fish on Wednesday and you send him a lettering sunday that arrives a day later, the fisherman won't know until a day later (Monday) and on that day he receives it you don't know if he got it. That's why it's half official. when he send a letter that arrives the day after he got your letter (tuesday) then you know that he understood you won't make it on Wednesday making it fully official.
does this make sense? if so hope it helps.
Explanation:
Classifying of each situation with the correct combination of change in price and quantity:
a. On a hot day, both demand for lemonade and supply of lemonade increase - Pp? Q increase
b. On a cold day, both demand for ice cream and the supply of ice cream decrease - Pp? Q decrease
c. When Hawaii's Mt. Kilauea erupts violently, the demand on the part of tourists for sightseeing flights increases but the supply of pilots willing to provide these dangerous flights decreases- P increase Qq?
d. In a hot area of Arizona where they generate a lot of their electricity with wind turbines, the demand for electricity falls on windy days as people switch off their air conditioners and enjoy the breeze. But at the same time, the amount of electricity supplied increases as the wind turbines spin faster - P decrease Qq?
Answer:
Explanation:
They are hurt because cotton is one of their exports and a developing nations needs to be able to make money from them so if a big country takes away one of their main exports it will hurt their economy.
Laissez-Faire Economics?
It's an economic system where the free market exists without government intervention.
