Answer:
Raises ;
C. A drought in Kansas is not significant enough to affect the worldwide price of grain.
Explanation:
Drought is a situation where there is shortage of water due to prolong absence of rainfall.
This is because, when Kansas has a drought, purchasers or buyers can substitute wheat from other places for Kansas wheat.
But, when the whole world has a drought, purchasers or buyers have no other suppliers of wheat to substitute. This means that, no area will have wheat so that the buyers can buy, because every area will be affected by the drought.
In this case,the demand for wheat is inelastic in the short run.
Equilibrium wage means that it is the wage paid on employees where supply and demand are equal.
All persons looking for work at the going wage will be able to find jobs in an equilibrium setting.
an increase in the unemployment rate will result to a decrease on the equilibrium wage.
There has been a study that has conducted of hazing should
be a part or not in organizations with the greek students. Almost all of the
people that have surveyed and participated had agreed to have hazing as not a
part of the organizations which led to a result of 79.4%, while the remaining
12.8% has agreed that hazing is an essential part of the organization.
Answer:
A strong exchange rate
Explanation:
strong exchange rate is often considered to be a sign of economic strength. It can become a symbol of national pride. Often politicians are worried if they see a ‘weakening’ in the exchange rate. They will point to a strong exchange rate as a symbol of economic success. In the long-term, a strong (appreciating) exchange rate tends to occur in countries with low inflation, improving competitiveness and a strong economic performance. For example, Japan and Germany saw a sustained rise in their exchange rates in the post-war period because they had a good economic performance. Often a devaluation (fall in the value of the exchange rate) can cause a boost to economic growth. A lower exchange rate makes exports cheaper and increases demand for UK goods. This can provide additional demand which increases economic growth. A devaluation may cause inflation:
But, if demand for exports and imports is relatively elastic and there is some spare capacity in the economy, then there should be an increase in economic growth. Exchange rates are determined by factors, such as interest rates, confidence, the current account on balance of payments, economic growth and relative inflation rates. In general terms, a weaker currency will stimulate exports and make imports more expensive, thereby decreasing a nation’s trade deficit (or increasing surplus) over time.
Given that a small hair styling salon had revenues of
$150,000 in a given year. The owner spent $10,000 on utilities, $60,000 on
supplies, and $50,000 on equipment, including maintenance. The total profit of
the salon should 150,000 –( 10,000 +
60,000 + 50,000) = $30,000. The owner could have earned more if he work at
another salon.