Answer:
When oil prices go up, the inverse effect can be seen on the demand as the consumers will do less investment in vehicles (less demand).
Explanation:
Demand and Supply are two inseparable parts of the economy and these two aspects affects each other. Demand is what (quantity of goods and services) which the consumers was to but at a certain point of time and at the certain available price.
The supply and price has negative relationship. When the supply of goods and services increases in the market the price decreases. Supply depends on the price, when supply increases price decreases and vice a versa.
<span>Good Morning!
The main similarities between the Chavin people and the Incas are in the religion, polytheistic with resemblance of gods and rituals. In addition, economic models resemble each other, such as the use of maize as an important "exchange currency". The structure of government is also the same, since they both operated in a theocracy. They occupied the same geographical area too.
Hugs!</span><span />
Humanism is a big role in this. Humanism is the idea of thinking more about the individual (The things people felt and created were just as important as faith and religion)
Since philosophers were now thinking with humanism influencing them, they thought more about the individual person themselves and their role in society. Unlike earlier thinkers who thought about people as a whole and the Church's role in society. People began to come up with the ideas that the Church is not the answer to everything.
Answer:
to show what there people can do
Explanation:
When calculating the Annual Percentage Rate, it is important to consider all the above.
Option d
<u>
Explanation:</u>
APR provides for a clear view of the actual cost of the borrowing that one might undertake. It gives an annualized value of not just the interest charged but also include the fee(s), if any, related to the borrowing directly, giving a holistic view of the expense related with the borrowing.
APR on different types of borrowings is calculated differently. For instance, in calculating APR for a loan, the basic formula is:
The purpose of APR is to make the choice of the borrower easier and economically more feasible between whether he/she wants to go for the borrowing with higher fee and lower rate or higher rate and lower fee.
