Answer:
- Supply reduces and supply curve shifts left.
- Price increases
Explanation:
The Middle East supplies a significant amount of the world's oil which means that conflict there could disrupt the movement of oil in the world.
In this scenario there is a conflict. This conflict would cause the supply of oil to reduce which means that the Supply curve will be forced to shift left to show that it has dropped.
This new supply curve will then intercept with the demand curve at a higher equilibrium price thereby leading to a price increase.
The reason why skin is relatively waterproof is because of
the component it has which is the keratin. The keratin serves as a protector as
this protein prevents cells of the skin to be damaged, such as making the skin
to be water proof as it is exposed with water.
Answer:
Novation.
Explanation:
In this scenario, Shannon and Rene are sisters who enter into a contract to buy an income property. The sisters get into a dispute, and Shannon wants out of the deal. However, their uncle Jerry wants to replace Shannon on the contract. Shannon agrees to the substitution so they go ahead and do it. This is an example of novation.
Novation can be defined as the process or an act of legally replacing a party in a contract with another, adding an obligation to engage or replacing a contractual obligation to perform with another based on the consent of all involved parties.
Answer:
The correct answer is:
A) monetary policy is very expansionary.
Explanation:
In this case the Taylor Rule states that the Fed must increase rates as the target of the inflation is up the Gross Domestic Product. Therefore, according to the expansionary policy, the central bank employs certain mechanisms in order to look with favor on the economy. The main idea of this strategy is to be able to lower the interest rates and also to increase the aggregate demand.
Answer:
She should pay $22,819 for this investment.
Explanation:
A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity.
Formula for Present value of annuity is as follow
PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]
Where P = Annual payment = $5,000
r = rate of return = 12%
n = number of years = 7 years
PV of annuity = $5,000 x [ ( 1- ( 1+ 0.12 )^-7 ) / 0.12 ]
PV of Annuity = $22,818.78
