Japan was a very isolationist country and didn't allow many foreigners into their borders
The word Indian came to be used because Christopher Columbus repeatedly expressed the mistaken belief that he had reached the shores of South Asia. Convinced he was correct, Columbus fostered the use of the term Indios (originally, “person from the Indus valley”) to refer to the peoples of the so-called New World.
Answer:
Option “D” Consumers become worried about job loss and buy fewer goods and services than expected, is the correct answer
Explanation:
Option “D” is correct because demand shock refers to the sudden decrease or increase in demand. However, option A, B, C represents supply shock because supply shock refers to a sudden increase and decrease of supply. Thus, in option A, B, C supply is decreasing suddenly while in option D the demand is decreasing. Thus option D is correct.
Answer:
c. include many caveats to ensure that the model is realistic.
Explanation:
- The economic model is a theoretical explanation that represents the economic process by a set of characteristics and by a set of variables and is a quantitative relationship between them. And is simply define the variable to change the been them and is used in planning and the for casing and the allocation of the economic policy.
