Answer:
The answer is B.
Explanation:
The law of supply states that the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
Labor is resource in factor market. Factor market is a market where factor of production like capital, labor, land etc are sold and bought.
With an increase in minimum wage, many people will be willing to work. This means there is an increase in supply of labor which will lead to rightward shift in the supply of labor.
Some of the efforts of the United States are creating peace talks and pioneering treaties between the US and other countries. Also, their effort in the promotion of worldwide economic recovery is offering investments to other countries, without harming their own economy. Since the US Economy greatly affects the economic state of the world. These efforts were great but weren't enough to boost the peace and economy of the whole world.
CPI (Consumer Price Index) is a measure of changes in prices paid by consumers for goods and services. It is used to estimate the changes in prices.
Therefore;
Change in prices = (CPI in current year - CPI in base year)/CPI in base year
Substituting for the values given in the current problem
Changes in prices = (108-100)/100 = 8/100 = 0.08 or 8%.
This shows that prices increased by 8% in the current year compared to the base year.
There are different types of goods, and the price of a good will determine the purchase, tortilla chips and salsa are complementary goods.
What are complementary goods?
A complementary good are goods that have similar use or are related to another.
These goods can be used together at times, or used separately.
Therefore, tortilla chips and salsa are complementary goods because salsa can easily replace tortilla in case of high price.
Learn more on complementary goods here,
brainly.com/question/1268536
The term “Global Economy” is a term that refers to all of the economies of the world.
Sometimes this phrase is also used to discuss the international economy, or all economies around the world, and refers to how interdependent different countries economies are on each other.
