Answer:
Michael does not experience inflation because he only buys Tennis rackets
Explanation:
Inflation is defined as increases in price per unit price.
It is the prolonged increase in the price of goods and services caused by devaluation of currency , demand -pull or cost - push. While a certain degree of inflation can be beneficial to a thriving economy , it can become a threat if it becomes larger.
One of the direct impact of inflation is rise in price of goods and services.
As the price of rackets was not affected by the inflation , that means that Michael was not affected by the inflation.
Answer:
Command
Explanation:
Based on the information given the East Germans were living with COMMAND economy.
COMMAND ECONOMY occur in a situation where people are be authoritated, instructed or directed to do something without giving them the right to Decide and acquired what they want , desire or wish to have.
A country economy can be tend to be classified as a COMMAND ECONOMY when the government of such country are in total controlled of the economy of the country just as in the case of East Germany.
Therefore East Germans were living with what COMMAND economy.
The economy is consider to be at full employment.
Answer:
2.12, rounded up to 3
Explanation:
To solve the equation, we first need to set up an equation.
Let x represent the number of scarves. We want one side of the equation to be the amount earned and the other to be the cost
45x is how much they earn since each scarf is $45
70+12x is how much they cost for rent and production
45x=70+12x
Subtract 12x from both sides
33x=70
Divide both sides by 33
x=2.12
It says we should round up so 3 scarves to break even
