President Hoover responded cautiously to the Great Depression because he thought <span>that the business cycle would correct itself. The correct option among all the options that are given in the question is the first option or option "A". I hope that this is the answer that has actually come to your desired help.</span>
Answer:1. Fixed Cost
...2. Variable cost
3. Farmland.
Explanation:
Fixed cost remains fixed no matter the change in output eg cost of building, whereas a variable cost change as the level of output increase e.g raw material cost.
The land is example of fixed cost to a famer which does not vary with the level of output.
Answer:
<em>Decreasing term insurance</em>
Explanation:
Decreasing term insurance <em>is renewable life insurance with a predetermined rate of decline in coverage over the life of the policy</em>.
Premiums are generally continuous throughout the agreement, and <em>there are typically monthly or annual reductions in coverage</em>.
The idea behind the insurance maintains that certain obligations and the associated need for elevated insurance rates are declining with age.
It is False When the housing market collapsed in 2007, the demand for loanable funds decreased and caused interest rates to decrease.
Because Interest rates typically decline during recessions as loan demand slows, bond prices rise and the central bank eases monetary policy. During recent recessions, the Federal Reserve has cut short-term rates and eased credit access for municipal and corporate borrowers. No price in the economy is as important as the price of money. Interest rates arguably drive the business cycle of expansion and contraction.
Interest rate is the amount a lender charges a borrower and is a percentage of the principal the amount loaned.
Recession is a period when the business and industry of a country is not successful.
Corporate is formed into an association and endowed by law with the rights and liabilities of an individual.
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