1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Yuliya22 [10]
3 years ago
14

the term economists use to describe a situation in which the economy’s overall price level is rising is

Business
1 answer:
dangina [55]3 years ago
6 0

Answer: i would guess it would be inflation, but im not sure. thats my best guess.

Explanation: if the overall pricing of things is rising its inflation

You might be interested in
Eugene agrees to finish painting Hazel’s house within two weeks of the time they agree to in the contract. A week in, Eugene rea
Yanka [14]

Answer:

Yes, Hazel needs to pay extra $700

Explanation:

As per pre-existing duty rule, a person is obligated to perform his duty at the consideration agreed upon initially. Any modification to the contract is void.

Exceptions to this rule:

  • As per new contract, if the person undertaking his duty hires another person to perform the work so as to complete it in time, then modifications are valid and enforceable.
  • Modifications are valid in case of unforeseen contingencies like war, recession, change in economic conditions and strikes.

In this case, Hazel agreed to pay $700 extra. Under pre-existing duty rule, she is not required to pay Eugene extra $700 but since Eugene took additional help exception to the rule applies and Hazel is obligated to pay $700 extra.

6 0
3 years ago
Read 2 more answers
Clem Oatley could grow wheat and barley. He could grow 75 bushels of wheat or 125 bushels of barley using the same resources on
BabaBlast [244]

Answer:

Clem should specialise in wheat production because he has higher profits there

Explanation:

Clem needs to make a decision on the product that will maximise his profits and not just the number of units of products he can manufacture.

If he produces only wheat he will have profit of 75 bushels * $2 = $150

If he produces only barley his profit will be 125 bushels * $0.80 = $100

This shows that wheat is more profitable for Clem. Even though he can produce more units of barley.

6 0
3 years ago
Read 2 more answers
How does microfinance benefit an economy?​
JulsSmile [24]

Answer:

it enables people to use money wisely

Explanation:

this is because a specific amount of money will be provided for a specific reason

3 0
2 years ago
20. The National Response Framework is a comprehensive guide to prevention, protection, response, recovery, and mitigation. A. T
Vlad1618 [11]

Answer:

Answer is option A, i.e. True.

Explanation:

The National Response Framework is a regarded as a comprehensive guide to deal with various emergencies and disasters that may threaten the normal ongoing process of a nation. This guide provides all the details regarding the prevention, protection, response,, and recovery from different types of dangerous situation that might adversely affect the well being of the nation.

8 0
3 years ago
The population of the world in 1987 was 5 billion and the relative growth rate was estimated at 2 percent per year. assuming tha
scoundrel [369]
A = Pe^(rt) 
<span>A = 5e^(0.02)(8) = 5.87 billion </span>
6 0
3 years ago
Other questions:
  • You currently manage Cody’s investment portfolio. He provided you with the following information for the beginning and the end o
    14·1 answer
  • ​Historically, stocks have delivered a​ ________ return on average compared to Treasury bills but have experienced​ ________ flu
    5·1 answer
  • The following costs result from the production and sale of 4,550 drum sets manufactured by Tom Thompson Company for the year end
    10·1 answer
  • On January 1, 2017, Garzon purchased 6% bonds issued by PBS Utilities at a cost of $40,000, which is their par value. The bonds
    9·1 answer
  • Select the correct answer from the drop-down menu.
    14·1 answer
  • As a long-term investment, Painters' Equipment Company purchased 25% of AMC Supplies Inc.'s 490,000 shares for $570,000 at the b
    9·1 answer
  • Andrew is offered a job in Little Rock, where the CPI is 80, and a job in New York, where the CPI is 125. Andrew's job offer in
    6·1 answer
  • Last year, Barnard Company incurred the following costs: direct materials, $50,000; direct labor, $20,000; manufacturing overhea
    13·1 answer
  • Why is the quality of services and standards of products provided by a domestic business, usually lower?
    9·2 answers
  • Mimi is granted a license to sell her unique Spirit Pins at local high school lacrosse games. When Mimi prices her pins at $10,
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!