Answer: Option (c) is correct.
Explanation:
When interest rates fall then firms want to borrow more for new plants and equipment and households want to borrow more for home building.
If there is a fall in the interest rate in an economy this will make the loans cheaper.
So, every individual wants to grab this opportunity by taking cheaper loans for various purposes such as home building, buying new plants and equipment, etc.
Hence, firms take an advantage of the lower interest rate by making investment in plants, equipment and machinery.
Whereas households also want to borrow from banks at lower interest rates for building their home. Because it will become cheaper for them to take loan at the ongoing lower interest rate.
Answer:
The Streaming device - elastic
An elastic good is a good whose demand falls a lot, or proportionally, if the price rises. In this case, the price of the streaming device rose by 42%, and revenue fell proportionally even more, by 59%, thus, the streaming device is a very elastic good.
Cinema ticket prices - Unit elastic
A perfectly inelastic good is a good whose demand does not respond to price changes. In this case, even if the ticke prices were lowered, demand stayed the same because revenue stayed the same.
DVDs - Inelastic
The DVDs are inelastic because even if the prices were raised, demand was not affected, and in fact, it grew. An inelastic good is a good whose demand only responds to price in a limited way.
Answer:
Role of 'Beneficiary'
Explanation:
A beneficiary is a person, who is entitled to receive funds from distribution of will, trust, life insurance. The person(s)' name could be directly mentioned, or he / she could satisfy the eligibility set up as per the benefactor (the person determining).
Bob's life is insured by Insuracare (a large insurance company). When Bob dies, the death benefit will be paid to his son Jack. As mentioned, Jack will get the death benefit. So, he is the one receiving monetary funds. Hence, he is the Beneficiary
