Answer:
The correct answer is b. either a rise in output or a fall in the rate at which money changes hands.
Explanation:
The quantitative theory of money is an economic theory that aims to explain the causes of inflation, that is, the variations in prices and the value of money in a country.
To explain inflation, the quantitative theory of money relates the money supply to the general price level. The money supply is the amount of money that exists in the economy. It can be estimated since it is the central banks that control the liquidity of the economy.
Answer: $6289.07
Explanation:
Monthly mortgage = $1,850
Car payment = $500
Student loan = $350
Note : 43% is the maximum debt to income ratio under FHA
Therefore calculating Hope's total monthly debt ;
(Monthly mortgage + car payment + student loan)
$(1850 + 500 + 300) = $2700.
Therefore Hope's minimum monthly income in other to afford the loan can be calculated by dividing her total monthly debt by the maximum debt to income ratio under FHA
$2700 ÷ 0.43 = $6,279.069
=$6279.07
Answer: Option (d) is correct.
Explanation:
According to the comparative advantage, a nation has a comparative advantage in a production of certain good if the opportunity cost of producing that good is lower than the other country.
Here, Germany both exports and imports watches. This is because of the difference in the opportunity cost of producing two kind of watches that are High-end and low-end watches. So, it is possible that Germany has lower opportunity cost of producing high-end watches than the other countries, therefore, it exports high-end watches. Hence, it has a comparative advantage in producing high-end watches.
Alternatively, it is possible that Germany has higher opportunity cost of producing lower-end watches than the other countries, therefore, it imports low-end watches.