Answer:
The correct answer is a collateralized loan.
Explanation:
A collateral is a type of property or other assets that a lender accepts from the borrower for the purpose of security against a loan. The lender can seize the collateral if the loan is not paid back. The value of collateral must be either equal to more than the loan amount.
The example given here is an example of a collateralized loan where a real estate property is used as security.
Other examples of collateral are cars, bank saving deposits, investment accounts.
The three conditions that contribute to
democratic progress in a nation are:
Stable economy or an open market, if this is
the condition it will lead to progress. Democracy, political strength and economic
growth are all related to each other.
Individuals and their rights, as democracy is
the rule of people so if all individuals have their rights it will lead to
democratic progress.
<span>Fair judicial system, it will allow
individuals to give their rights and thus it strengthens the nation.</span><span />
One thing the speaker has in common with the lambs and the lambs creator is that all are participants in the reality that has been created on earth
The correct answer is the following: "substitution effect and income effect".
The demand function represents the quantity of a certain good or service that consumers are willing to purchase in the market at different price levels. The law of demand states that there is an inverse relationship between price and quantity demanded (ceteris paribus, hence, given that the rest remains equal). <u>Therefore, when the price charged increases, the amount that consumers are willing to offer decreases.</u>
The variation of the quantity, due to the price variation, takes place because of the joint incidence of two effects: the effect of the variation of the relative price if compared to other goods (<u>substitution effect</u>) and the effect on the consumer's income as, if the price of a desired or purchased product has increased, the consumer's available income will decrease (<u>income effect).</u>
