Answer: A. True
Explanation:
The basic principle associated with the economics is that the goods, products, and services are limited and demand increases considerably to produce them. The resources used for the production also increases considerably. The scarcity principle of economics deals with the limited supply of the goods that is coupled with the increase in demand this results in the mismatch between the demand equilibrium and desired supply.
The fourth question is correct (D).
To understand this answer, one must understand the mechanism of correction of inflationary processes.
Inflation erodes the purchasing power, thus, the elderly with fixed income will be harmed and not beneficiaries in an inflationary process.
<u>The main mechanism to reduce inflation is the interest rate.</u> In this way, when inflation happens, the Federal Reserve raises the interest rate. This makes public bonds profitable and economic agents begin to use money by buying bonds, reducing the circulation of money and consequently lowering inflation.
For banks that have made adjustable rate loans, this will be a good thing, as interest on the contracts will increase along with the increase in the interest rate, which will make the contracts yield more. Therefore, banks will be the biggest beneficiaries. However, this will happen only when the rate is adjustable.
The actions of Joe in protesting that the referees made unfair calls is an example of self-serving bias because he believes his team is superior.
<h3>What is Joe demonstrating?</h3>
Joe in this scenario, is demonstrating a self-serving bias because he believes that his team is better than the other team.
This has led to him questioning the actions of others involved in the game such as the referees, because he can't fathom the possibility that his team, and himself, were not good enough that day.
Find out more on self-serving bias at brainly.com/question/1325291.
K-POP ........................................
