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Tema [17]
4 years ago
5

Modernization theorists argue that third world nations are underdeveloped because of

Social Studies
1 answer:
faust18 [17]4 years ago
5 0
They are likely to reason out that the third world nations are undeveloped because of their lack of modern economic activities and they are not well introduced to new techniques or machines that have made them to lack and to be underdeveloped than other world nations.
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Over time, with changes in the demand for loanable funds and the supply of loanable funds change the real interest rate will occur. The interest rates will increase with the increase in demand and decrease with increase in supply.

Loanable funds is the sum total of all the money people and entities in an economy have decided to save and lend to borrowers as an investment rather than personal use.

Interest rates can determine how much money lenders are willing to save and invest. When the demand for the loanable funds increases it pushes the rates up, and when the supply of the loanable fund decreases it pushes the rates lower.

Central banks can manipulate the interest rates to influence the economy.

To learn more about Loanable funds here

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2 years ago
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Which statement best describes the context of this excerpt?
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Light-rail systems have been tried all over the country, and they've failed. The system the city proposes won't work, either. People enjoy their cars too much to endure inconvenience for the sake of the environment. And I don't blame them. As the owner of Jake's Used Cars and Trucks, I have seen the joy and freedom car ownership brings people. Americans will never abandon that feeling for the sake of being slightly better citizens. I believe it is far more responsible to purchase a high-quality car with good fuel efficiency. Building an entire light-rail system will be wasteful if few people use it — plus, it will take years to build and cost taxpayers millions of dollars. I encourage all city residents to vote against the light-rail system on May 1.

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