Answer: "The rise in the price of a pair of running shoes will increase the supply of running shoes".
This statement is <u><em> false</em></u> because <em><u>a decrease in demand for running shoes does not increase the price of a pair of running shoes and an increase in the price of a pair of running shoes does not increase the supply of running shoes. </u></em>
This occurs as the price of a pair of running shoes increases,therefore decreasing the demand and thus the supply will not increase.
Answer:
True or False
True - explanation below
Explanation:
The congress has been able to prevent the widespread stoppages because they have the power to enforce the emergency board recommendations. These recommendations were viewed by the parties to be very valuable and could definitely serve as the grounds for the resolutions of disputes that may arise.
A one-day rail strike that happened in 1991 was resolved by the congress by enacting PUB L.102 -29 which was said to have the effects of imposing many of the recommendations of Presidential Emergency Board ( PEB) 219
Answer:
b. Used to estimate how fast prices will double using a given annual inflation rate
Explanation:
Rule of 72 is a fast statistical method to determine how long an investment will double given annual interest rate.
Simply divide 72 by the annual interest rate.
Alternatively it can be used to calculated annual rate of return required to double investment.
Alternatively it can be used to calculate annual rate of return required to double an investment.
For example if $1,000 is to be doubled in 5 years.
Years to double= 72/ Interest
Interest= 72/5= 14.4%
Answer:
Economics
Explanation:
Economics is the study of the activities that individuals and society undertake to satisfy their unlimited wants using scarce resources. Economics involves analysis of the production of goods and services, their distribution and consumption in a country. It involves the study of how individuals, firms, and the government allocates scarce resources to meet the need of society.
Economics is categorized in microeconomics and macroeconomics. Microeconomics concentrates on the key economic indicators such as demand, supply, and income and how they affect an individual, firm, or product. Macroeconomics studies the economic conditions in a country as a whole. It is concerned with issues such as inflation, Unemployment rate, and GDP