They are using Nonworking spouse method to determine their life insurance needs.
Answer: Option A
<u>Explanation:</u>
Non-working spouse methods refer the method which can use when there is a single earner in the family. Since there is formula where eighteen is the minimum age required to declare oneself as a major, the non-working spouse method can be used when one can get enough financial support until the children are eighteen years old. So concluding, this is the method that can be used to determine Jeff’s and Erica’s life insurance needs.
The answer is ex post facto. This is a law where in it
changes retroactively in terms of consequences that are considered to be legal.
With this, it allows convicted criminals to have no increase in their sentences
because of this law.
Answer:Your Human Rights Are Protected by Law. Everyone has the right to an effective remedy by the competent national tribunals for acts violating the fundamental rights granted him by the constitution or by law.
Explanation:
Answer:
Prices are often volatile due to inelastic demand. e.g if there is a ‘good harvest’, supply will increase and there will be a fall in the price of primary products. However, because demand is inelastic, this would lead to a fall in revenue.
coffee-supply-price-growers
The volatile price of coffee – can make planning difficult.
Supply can also be volatile due to weather and disease. For agricultural crops, there is always a risk of crop failure, which could cause economic hardship in one particular year.
Limited resources. One day developing economies may run out of its finite primary products, e.g. precious metals could become scarce. Without diversification, this would leave the economy with a void.
Discourages investment in other aspects of the economy. Concentrating on primary products does not always help the long-term development of an economy because it can contribute towards a lack of investment in other aspects such as education and industrial production. Comparative advantage can change over time. It’s important to not just look at the present comparative advantage, but prospects for next 10 or 20 years.
There is a low-income elasticity of demand for primary products. With a rise in global income, there is a proportionately smaller percentage rise in demand for primary products. (agricultural products tend to be income inelastic). Therefore, if you produce primary products, you may see lower rates of economic growth than countries who produce manufacturing goods – which are more income elastic. The Prebisch-Singer hypothesis suggests that countries who concentrate on primary products are vulnerable to a declining terms of trade.
There are 5 points
Hope it helps!!!
