The introduction of maximum prices in the petrol industry will not be an ideals decision for the country's economy because
a) if the maximum price is less than the equilibrium price, then it will cause a shortage in supply.
b) Petrol is essential for daily lives, without maximum pressure some people may not be able to buy the product.
<h3>What is Economy?</h3>
An economy is the large set of inter-related production, consumption, and exchange activities that aid in determining how scarce resources are allocated. It is defined as the management of financial matters for a community, business or family.
The economy of a country or region is the system by which money, industry, and trade are organized.
Learn more about economy here,
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Don't completely understand the question, but i'm pretty sure it's TRUE. I think thi sbecause you shoul dalways think about what you are going to post or say because once you do it is there forever. Even if you delete a tweet someone most likely screenshotted it or saved it and could have sent it to countless people for all you know... again not sure if this helped or not, but good luck
Answer: b. $8,518.9 billion.
Explanation:
Nominal GDP is calculated with current prices which means that the effects of inflation are present.
Real GDP removes this effect by basing the GDP calculation on the prices of a previous period:
Real GDP = Nominal GDP * 100/ Price level
= 8,800 * 100/ 103.3
= $8,518.877
= $8,518.9 billion
Answer:
you can get money to further your education, also engage in stem activities.
Explanation:
Answer:
a.equity method investments where a company has holding of less than 20 %
