I think the answer us purchase
200 is the amount paid for insurance coverage. 700 is the amount you pay if you make a claim (have an accident)
Answer:
but in recent times has depended on government subsidies in order to compete with the highly subsidized agricultural sectors of the European Union (EU) and the United States.
Explanation:
It is important to note that Canada is one of the largest agricultural producers and exporters in the world.
Some examples of these subsidies includes:
1. AgriInvest Program
This program provides matching contributions to producers (private producers) who make annual deposits to an AgriInvest account, to help them manage risks or improve market income.
2. AgriInsurance Program
Provides farmers with insurance against natural hazards in order to minimize the financial implications of production losses.
The amount of money needed now to begin the perpetual payments is
P = A/I =15,000÷0.05=300,000
The amount that would need to have been deposited 25 years ago is
P=A÷(1+r)^t
P=300,000÷(1+0.05)^(25)
P=88,590.83
Answer:
The correct answer is letter "A": be driven to a lower price.
Explanation:
Typically, when there is a producer to producer competition, the competing companies tend to <em>lower </em>their product prices. This happens because of the belief consumers are mainly price driven at the moment of discriminating in choosing to buy one good over another. Though, it allows consumers to at least have a couple of sources from where to choose at a fair price.
