Answer:
rises the greater the time frame considered.
Explanation:
Since in the question, it is given that the rubber price increased up and they are made up of synthetic materials. Due to an increase in the price of the rubber, there is a large decline in quantity demanded
So this represents that if the price elasticity of demand increased the more the time period is relevant
The answer is c. 10-20 seconds
respond predictably.
People are most likely to react predictably if they exhibit the appearance of consistently pursuing their own self-interest.
<h3>Is it advantageous to act in one's socialized self-interest?</h3>
The pursuit of socialized self-interest serves as the foundation for a calm, orderly society where most people can generally pursue happiness in their own way. It's not a world where greatness, bravery, or nobility are desired or necessary, and it's not a world where people are expected to achieve great things.
<h3>Why not define "self-interest"?</h3>
The definition of self-interest is making choices that will benefit oneself the greatest. Adam Smith, the father of modern economics, contends that individuals often act in ways that will result in the greatest economic benefit for all parties involved.
What are the benefits of self-interest in economics?
It refers to the premise that unanticipated gains are produced for society as a whole when parties act or interact, making judgments based on self-interest. This serves as the conceptual underpinning of Smith's main argument for the significance of self-interest in economics.
Learn more about self-interest:
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Answer:
The correct answer is:
- Conduct monetary policy;
- Ensure that the financial system is stable;
- Provide banking services to commercial banks, depository institutions, and the federal government.
Explanation:
A central bank is the apex monetary authority in a country. It plays several crucial roles in the smooth working of the economy.
- A central bank issues currency on behalf of the government.
- It formulates monetary policy on behalf of the government.
- It acts as a banker for the government.
- It acts as a banker for commercial banks.
- It supervises all financial institutions.
The role of providing services to businesses and consumers is played by commercial banks. Fiscal policy is formulated by the government. The responsibility of ensuring the growth of the economy also falls with the government.
Answer:
d.Cost, residual value, and service life
Explanation:
The depreciation of an asset is the systematic allocation of cost for the use of the asset over its useful life.
Depreciation is usually computed using the formula below
Depreciation = (cost - salvage value)/useful life
The difference between the cost and salvage value is the depreciation base of the asset over its entire useful life.
As such, the right option is d.Cost, residual value, and service life
