Answer:
When oil prices go up, the inverse effect can be seen on the demand as the consumers will do less investment in vehicles (less demand).
Explanation:
Demand and Supply are two inseparable parts of the economy and these two aspects affects each other. Demand is what (quantity of goods and services) which the consumers was to but at a certain point of time and at the certain available price.
The supply and price has negative relationship. When the supply of goods and services increases in the market the price decreases. Supply depends on the price, when supply increases price decreases and vice a versa.
The correct answer to this question is "fulfills its promise in the social contract." The give above is an example of how government fulfills its promise in the social contract. Thank you for posting your question. I hope this answer helped you. Let me know if you need more help.
Assuming that this is referring to the same letter that was posted before with this question, the response is "(3) power of impeachment by the House of
<span>Representatives"</span>
When USA stopped selling oil and scrap metal to Japan.
Japan got slowed down in CBI.
<u>Positive Economists'</u> purpose is to create an explanation of a certain economic phenomena.
These economists use statistics in order to find out the aggregate behavior of the people because of a certain economic decisions. From this, they can developed an understanding to explain the economic phenomena.
<u>The normative economists' </u>purpose is to find out whether a certain economic decision achieve its original purpose.
They used statistic as a quantitative measurements. They determine the goals of a certain economic policy and They compared the statistic before the economic policy was implemented to the condition after the implementation .
This will help them know whether the policy achieve its original goals.
For example. if a certain policy was created to reduce unemployment, normative economists will compare the data/statistic about the number of employment before and after the policy.
