<span>The supply and demand for any rooms varies from city to city. In the case for Detroit, a major breakdown in government and stability affected a large amount of real estate and business industry. With job loss there was no longer a need for people to rent apartments, which fueled the price cut as well as the demand for a 2-bedroom apartment.</span>
Answer: Plainly put, extreme income inequality, such as the kind found in Sub-Saharan Africa and South Asia, cause economic inefficiency. The relatively wealthy tend to save a much higher proportion of their income than the poor. In order to grow economically, a society must have robust rates of consumption. However, if most of the wealth of a country is owned by a very small percentage of its population, that wealth is saved, not spent. These savings are then invested by individuals and financial institutions.
Explanation:
Answer:
Cross-sectional analysis is a type of analysis where an investor, analyst or portfolio manager compares a particular company to its industry peers. Cross-sectional analysis may focus on a single company for head-to-head analysis with its biggest competitors or it may approach it from an industry-wide lens to identify companies with a particular strength. Cross-sectional analysis is often deployed in an attempt to assess performance and investment opportunities using data points that are beyond the usual balance sheet numbers.
Answer:
4) when resources are scarce, people face tradeoffs
Explanation:
All resources are scarce, but some are more scarce than others. For example, the day of the richest or poorest person in the world last exactly the same, 24 hours. You cannot buy more time per day. Even the richest person in the world has a limited amount of money, he/she cannot own all the money in the world. Some countries are rich in natural resources, but do not have capital. This leads to the concept of opportunity costs, which are the benefits lost or extra costs associated with choosing one alternative action or investment over another one. If Ken buys the new pair of sneakers, his opportunity cost is the pair of designer pants.
Liable to the insured for the loss
There are different kinds of insurances available--health insurance, home insurance, car insurance, life insurance, etc.
Specific types of insurances relevant to the given situation (above) are health, injury and illness, and personal accident insurances to name a few. Health insurances cover certain medical costs, and personal accident insurance covers accidental death and disability. Illness and accident insurances protects a person against the economic repercussions brought about by certain mishaps and gives relief to the ill or injured person or a dependent.
