The increase in transactions caused by inflation is the correct response when it comes to the shoe leather cost effect on inflation. Therefore, choice 3 is right.
<h3>What is the cost of shoe leather?</h3>
When there is significant inflation, the shoe leather cost refers to the time and effort people spend holding less cash in order to lower the inflation tax they must pay on their cash holdings.
The extra time and convenience that must be given up to keep less money on hand than would be necessary if there were less or no inflation is a substantial cost of reducing money holdings.
In light of the cost effect of inflation on shoe leather, option 3 is thus right.
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The 4 Major characteristics of a mineral are:
1. It is formed by natural processes, not man-made.
2. It is inorganic, it's not alive, it will never be.
3. It is a crystalline solid, a definite volume and shape with a repeating structure.
4. It can be an element or compound with a definite chemical composition, made the same each time with and orderly arrangement of atoms.
<u>Answer:</u>
The correct answer option is 'does not count'.
<u>Explanation:</u>
You can afford to buy the latest HDTV, which means that it does not count for you.
According to principle, demand refers to as the consumer's desire and ability to purchase a good or a service.
So for this example, if somebody can afford to buy the latest HDTV then it surely does not count as a demand for them.
Suppose that the hypothetical country of Andesland suffers a chronic scarcity of its staple grain, quinoa.
Andesland is restrained by the resources it has to satisfy the various wants of its residents. The given statement is true.
One of the core principles of economics is scarcity. It indicates that there is a gap between the supply of an item or service and the demand for it. As a result, customers, who ultimately drive the economy, may have fewer options due to scarcity.
Given such shortages are unheard of in wealthy nations, Andesland must be a developing nation. When a country's resources are insufficient to meet all of its citizens' needs, the situation is referred to as scarcity. Even though it is less obvious in wealthy countries, scarcity still occurs.
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Answer:
Conflict Theory
Explanation:
Conflict theory as purposed by Karl Marx is a theory which states that there is permanent conflict in the right to use the resources as they scarce in the market. People tend to overrule because of the powers they have.
Similarly in the given instance Jeff sees men as ruling and being dominant in nature and that the women are not ruling and are subordinated. And because of this men exercise to dominate women for their rights, and accordingly they grab more options and use of resources. This will ultimately lead to conflict as this is a gender bias which do not hold any reason to be valid.
