The answer is: A.When the price of a good decreases, sellers produce less of the good
When the price of a good decrease, the amount of profit that the sellers could made is also decreasing. Because of this, sellers would feel less motivation to sell that product and start to reduce the supply of the product and replace it with newer ones.
As per the given scenario, the Germany nation has a comparative advantage in producing corn.
<h3>What is comparative advantage?</h3>
Comparative advantage is when one country can produce a good at a lower cost in terms of other goods.
As Germany can produce 6 bushels of corn and the united states can produce 3 bushels of corn in a set period, Germany has a comparative advantage in producing corn.
Learn more about Comparative advantage here:
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Hi there! The answer is D.
A recession is a significant decline in economic acticity, which must last at least a few months. According to the IMF (International Monetary Fund), the most recent recession took place in the years 2008-2009. In their view, a global growth in real GDP of less than 3.0% equals a recession. Thus, according to this definition, the last recession took place in 2008.
Answer:
e. non of the above
Explanation:
we first find the simple interest
= p * r * t
= 10000*8%*3
= 2400
the future value
= 2400 + 10000
= 12400
we find the compound interest
= 10000*(1+r)^n
= 10000(1+7%)³
= 10000*1.225043
= 12250.43
we can see that it pays more at 12400 compared to compound interest of 12250.43
the difference = 12400 - 12250.43
= 149.57
therefore the answer is e
