A) True
Shortages and scaracity in products that are needed can bring human misery and suffering if the shortages are just as severe to human's needs.
Explanation:
Stern et al. (1999) and Stern (2000), define this variable as those general visions about the world, reflected in the beliefs that people express about their relationship with the environment and nature.
a. Approximate real rate of interest 4.23%
b. Exact real rate of interest 2.78%
a. Calculations to determine the approximate real rate of interest in percent.
Using this formula
Approximate real rate of interest=Risk free rate - Inflation rate
Let plug in the formula
Approximate real rate of interest = 9.44% - 5.21%
Approximate real rate of interest = 4.23%
b. Calculations to determine the exact real rate of interest in percent
Using this formula
Exact real rate of interest= (Risk free rate-inflation) / (1+inflation)
Let plug in the formula
Exact real rate of interest= (9.44% - 5.21%) / (1 + 5.21%)
Exact real rate of interest=4.23% / 1.521%
Exact real rate of interest= 2.78%
Inconclusion:
a. Approximate real rate of interest 4.23%
b. Exact real rate of interest 2.78%
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A. Labor to grow cash crops and the Indians were poor workers
A sundial... is what they built. have a good day