Answer:
Deflation; 10%
8; 9 basket of goods
rises
Explanation:
Given that,
Price of a basket of goods in year 1 = $10
Price of the same basket in year 2 = $9
There is a fall in the price level from year 1 to year 2, hence, this is known as the deflation in an economy.
Deflation rate:
= [(Price of a basket of goods in year 1 - Price of the same basket in year 2) ÷ Price of a basket of goods in year 1] × 100
= [($10 - $9) ÷ $10] × 100
= 10%
In year 1,
$80.00 will buy:
= $80 ÷ Price of a basket of goods in year 1
= $80 ÷ $10
= 8 baskets of goods
In year 2,
$80.00 will buy:
= $80 ÷ Price of a basket of goods in year 2
= $80 ÷ $9
= 8.9 or 9 baskets of goods
Therefore, this example indicates that as the price of the goods falls then as a result the value of money rises because with the lower price level, a person can purchase more quantity of goods.
It could be slavery or a Volunteer, it depends if it is willingly. I am pretty sure it is volunteer.
Answer:
d. People face trade-offs
Explanation:
Since maria has 20 hours training in a week and the training consist of swimming, biking and running also she is not able to do three at the same time so for approaching these 3 different time she will engaged i.e. she trade off the time between these three things.
So, she sacrifice some time for each kind of the activity therefore the correct option is d.
Answer:
I would say B or D sorry if its wrong
Answer: b. payment of premium.
Explanation:
The Consideration clause is the condition set by the Insurance company for its coverage of a person. In other words, it is what the person is expected to do for the Insurance company to enable it to discharge its responsibilities of being able to cover a client.
In general, this is the payment of premiums along with the statements made by the applicant about themselves in the application to the insurance company.
If premiums continue being paid, the company will cover the person all else equal.
