A line of credit is similar to a credit card in that it is a flexible borrowing solution. You can draw on this revolving loan by writing a check. You are can also borrow any part of your credit line again once you have repaid it. There are no payments until you use your line.
With a personal loan, you get the whole loan when you're approved and you start paying interest right after on the full amount. You have a schedule of payments that will get smaller until the loan is paid off.
Answer:
B) Commodity
Explanation:
A recession is an economic term or period when an economy a decline in economic activities. Is a period where there is low demand for economic goods and services, pile of semi-finished and finished goods, which leads to industries laying off workers ( increased unemployment) and the use deep here emphasize the seriousness, strength, degree of the recession or economic downturn. As a result, people become more likely to accept commodity money in exchange for goods and services, because the fiat money in circulation can no longer stimulate demand, fiat money deficit and the alternative will be for people to exchange the good they have for the one they don't have and that is barter system
Relevancy ranking suggests internet search result will be placed in order of the order of the most relevant to the search query. The first item on the ranking should be the most relevant and then as the list goes down they are less related to the topic being searched for.
Answer:
Candonia has a comparative advantage in the production of <u>LEMONS</u>, while Lamponia has a comparative advantage in the production of <u>COFFEE</u>. Suppose that Candonia and Lamponia specialize in the production of the goods in which each has a comparative advantage. After specialization, the two countries can produce a total of <u>36</u> million pounds of coffee and <u>36</u> million pounds of lemons.
Explanation:
Since a lot of information was missing, I looked it up and found the attached graphs. The graphs referred to production of coffee and lemons, but I guess they are similar questions.
For every pound of lemons that Candonia produces, it will not be able to produce ¹/₂ pounds of coffee (opportunity cost of producing lemons instead of coffee).
For every pound of coffee that Lamponia produces, it will not be able to produce 1¹/₂ pounds of lemons (opportunity cost of producing coffee instead of lemons).
Answer:
d) the maximum level of total welfare is not achieved.
Explanation:
When the economic efficiency bears a loss, it is termed to be a deadweight loss. This condition occurs in the situation when the free market equilibrium is not able to be achieved. It occurs in the economy when the supply and the demand for the goods and services start to fall from being in the state of equilibrium. The resources allocated experiences a deficiency, thereby causing a deadweight loss.
