Answer:
Survival of the fittest
Explanation:
Survival of the fittest, term made famous in the fifth edition (published in 1869) of On the Origin of Species by British naturalist Charles Darwin, which suggested that organisms best adjusted to their environment are the most successful in surviving and reproducing. Darwin borrowed the term from English sociologist and philosopher Herbert Spencer, who first used it in his 1864 book Principles of Biology. (Spencer came up with the phrase only after reading Darwin’s work.)
Answer:
100 bushels of oranges
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
for Greece
opportunity cost of producing oranges = 20 / 100 = 0.2
opportunity cost of producing tomatoes = 100/ 20 = 5
For turkey
opportunity cost of producing oranges = 30 / 40 = 0.75
opportunity cost of producing tomatoes = 40 / 30 = 1.33
Greece has a comparative advantage in the production of oranges. If it specialises in the production of oranges, it would produce 100 bushels
Answer: Decrease, decrease
Explanation: Substitute goods are those goods that are used in place of each other. When the price of a substitute good falls, it becomes more attractive to the consumers. Here, wood planks and wood beams are substitutes to each other. So, when price of wood plank falls, demand for wood beams will decrease, shifting the demand curve to the left. As a result, of this the equilibrium price of wood beams and the quantity of wood beams will also decrease.
Question Completion with Options:
2.5 percentage points
1.5 percentage points
3.5 percentage points
6.5 percentage points
Answer:
Sandra's creditor must determine if the APR for the loan exceeds the average prime offer rate by:
1.5 percentage points
Explanation:
The first mortgage loan principal should not exceed the conforming loan limit for the area where Sandra lives at the time that she secures the loan approval. It behooves on Sandra’s creditor to determine if the annual percentage rate (APR) for the mortgage loan exceeds the average prime offer rate (or the sample rate that is a representative of the APRs charged by creditors for mortgage loans that have low-risk pricing characteristics) by 1.5 percentage points.
