Answer: A. Increase / Appreciate / Depreciate
Explanation:
If disposable income increases more in South Africa than it does in the U.S., assuming the U.S. is a trading partner to SA, they will export more goods to SA because South Africans will demand more goods and services as they can afford to.
This will lead to a higher demand for the U.S. dollar which is the price that the U.S. goods will be denominated in and a higher demand for the dollar will make it appreciate.
The South Africa rand will depreciate because there is less demand for it relative to the U.S. dollar.
Answer:
The maximum interest rate which the bank needs to offer the loan is 3%
Explanation:
The maximum interest rate which the bank needs to offer the loan is computed as:
Maximum interest rate = Amount received in one year - Amount invested today / Amount invested today
where
Amount received in one year is $6,180
Amount invested today is $6,000
Putting the values above:
Maximum interest rate = ($6,180 - $6,000) / $6,000
= $180 / $6,000
= 3%
So, the maximum interest rate is 3% which is needed to offer by banks
Answer:C
Explanation: this quantity is allocatively inefficient because the marginal cost of producing the last lawnmower exceeds the marginal benefit to consumers.
Answer:
add 200 shillings to the book balance
