Answer:
B. Surplus and the price level will fall
Explanation:
If at a particular price level the real domestic output from producers is greater than real domestic output desired by purchasers it means that supply has outstripped demand and price has not changed.
If supply is greater than demand, there would be a surplus and prices would fall.
An increase in supply is shown by a rightward shift of the supply curve.
Answer:
1. 48 dollars
2. 30 dollars
Explanation:
The yearly premium on their homeowner's insurance policy is $600 for the coverage they need.
Their insurance company offers a discount of 8 percent if they install dead-bolt locks on all exterior doors.The couple can also receive a discount of 5 percent if they install smoke detectors on each floor.
1. What discount will Dave and Ellen receive if they install the dead-bolt locks?
discount for deadbolts =
Discount % x Premium
0.08 x 600 = 48 dollars
b. What discount will Dave and Ellen receive if they install smoke detectors?
discount for deadbolts =
Discount% x Premium
0.05 x 600 = 30 dollars
C) table ..
hope it helped
In recent years, new mp3 and digital technologies have replaced compact disks. This is an example of creative destruction.
Creative destruction is an economic concept most closely identified with the Austrian-born economist Joseph Schumpeter since the 1950s. Schumpeter derived it from Karl's work on Marx and popularized it as the theory of economic innovation economics. Sometimes called a Schumpeter storm.
According to Schumpeter, a 'creative destruction storm' is a process of industrial mutation that is constantly transforming the economic structure from within, constantly destroying the old and always creating the new. ”.In Marxist economic theory, the concept more generally refers to the interconnected processes of wealth accumulation and destruction in capitalism. We owe the first use of these terms to German sociologist Werner Sombart in his book War and Capitalism (1913).
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The main purpose of a business is to make profit. A businessmen will feel secure to operate his business activities in a country where he feels himself and his business activities secure.
When the shops and malls are looted in a country, the businessmen will have feeling of insecurity and so they will shut down their business activities because whatever profits they make from running business, it is looted by robbers.
There is always some social responsibility of the citizens that even in case of emergency situations they should not be unethical activities and indulge in criminal activities.
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