The true statement is that: <em>There is an inverse relationship between the </em><em>quantity of money</em><em> demanded and the </em><em>interest rate.</em>
In economics, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
An interest rate can be defined as an amount of money that is charged as a percentage of the total amount borrowed by a borrower from a creditor or financial institution.
On a related note, there exist an inverse relationship between the quantity of money demanded by a borrower and the interest rate charged by a creditor or lender. Thus, when the interest rate is high, the quantity of money demanded decreases (falls) while the quantity of money demanded increases (rises) when the interest rate is low.
<em>In conclusion, borrowers are more likely to demand for</em><em> money</em><em> when the </em><em>interest rate</em><em> is low and vice-versa.</em>
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Answer:
Emily's opportunity cost of producing 1 milkshake is 1 ice cream sundae.
Ben's opportunity cost of producing 1 milkshake is 0.5 ice cream sundae.
Explanation:
Both Emily and Ben own an ice cream parlor.
In an hour Emily can produce 40 milkshakes or 40 ice cream sundaes.
Emily's opportunity cost of producing a milkshake is
= 
= 
= 1 ice cream sundae
In an hour Ben can produce 20 milkshakes or 10 ice cream sundaes.
Ben's opportunity cost of producing a milkshake is
=
= 
= 0.5 ice cream sundae
We see that Ben has a lower opportunity cost of producing milkshake, so we can say that he has a comparative advantage in producing milkshake.
<span>The new student is overgeneralizing the situation by concluding that because in the first class</span><span> the people sitting in the back row answer most of the questions this means that the smartest students sit in the back.
The situation was only a coincidence, and the new student made fact of it.
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Answer:
Wacos
Explanation:
because it is apart of the group
