Answer:
Price level may increase or decrease and output decreases.
Explanation:
The price level is determinated bu the money supply and demand. A single price, in this case oil, cannot determinate prices or we end up in a loop.
So this is insufficient information to determinate the price level.
While the income decrease at a worldwide level will make the output of the economy even lower.
Answer:
Internal auditor
Explanation:
An internal auditor is a trained professional that has the responsibility of providing concise and precise evaluations on the financial and operational activities of an organization.
The job of an internal auditor involves the following:
1. review an organization's business processes.
2. evaluation and assessment of risk management procedures that are currently in place in the organization.
3. protect the organization and its finances against fraud and theft of the organization's assets.
From the above stated functions of an internal auditor, it can be seen in the question also that risk information can only be gotten from the internal auditor.
Answer:
The correct answer is d. risk aversion.
Explanation:
Risk aversion is an investor's preference for avoiding uncertainty in their financial investments.
Due to this attitude towards risk, this type of individuals directs their investment portfolio to safer financial assets even though they are less profitable.
The phenomenon of risk aversion implies by definition a certain level of risk rejection by a person who invests in financial markets. A person may face a risk aversion situation, be risk neutral or be risk prone.
Answer:
a. 9 pounds of fish per pound of cheese.
Explanation:
The gain from trade would arise at the time when the price of the cheese with respect to the fish is more than 5 and less than 10
So according to the given option the first option is met the criteria
The 9 is more than 5 and less than 10
And, the other options does not met the criteria
So, the first option i.e. a is correct
And, all other options are wrong
