Answer:
The different adminstrative units under federal System are
- central unit
- state unit
- local unit
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The purpose of an economic model is to explain the behavior of the issue being examined.
c) explain the behavior of the issue being examined.
<u>Explanation:</u>
The thesis of the economic behavior that can be tested is obtained through an economic model. The economic model describes reality in simplified manner.
Economists generally rely on economic theories or models to study the issues in real-world. The economic models propose the economic ideas that will be helpful for the individuals, company or the government to make decisions. The economic model explains the behavior of the issue that is examined, and helps economist to make predictions about the real world.
Economists use economic models to answer questions.
Answer:
precipitate
Explanation:
A precipitate is a solid product that forms from a reaction and settles out of a liquid mixture. The formation of a precipitate may also indicate the occurrence of a chemical reaction
Answer:
- <em>At an exchange rate of 1.05 euro per dollar the cost of a latté would be the same in the euro area as it did in the United States.</em>
<em></em>
Explanation:
The contidion is that the two prices are equal:
- <em>exchange rate </em>× $2.8 = Euros 2.93
Solve for the <em>exchange rate</em>:
- <em>exchange rate</em> = Euros2.93/$2.80 = Euro 1.05/$
Thus, at an<em> exchange rate</em> of 1.05 euro per dollar <em>the cost of a latté would be the same in the euro area as it did in the United States.</em>