Answer:
The correct answer is D. Real income effect.
Explanation:
Real income is defined as the monetary income of an individual, taking into account the effect of inflation. For example, if a person's nominal salary increases by 10% in one year, and inflation is 6% in that year, the actual income will have increased 4% in that year.
The correct answer should be <span>B. The interest rate may change depending on the condition of the economy.
Fixed-rate mortgages keep the same rates as they were declared at the time of the contract signing, which can either be great for the person or the bank depending on the economy fluctuations. Variable-rate mortgages change based on the economy which means that the conditions are always kept to a certain standard.</span>
Answer:
If C were disabled, his beneficiaries would receive $70,000, less any outstanding interest charges
Explanation:
Policy loans can generally amount up to 100% of the cash surrender value of the policy, in this case C only requested $10,000 (1/3 of the cash value). This type of loan is fully collateralized by the cash value of the policy and the borrower can even miss some payments or pay on a later date because interests keep adding.
This type of loan can carry a fixed or variable interest rate, depends on the insurer.
If C surrenders his policy, he will receive the total cash surrender value minus the loan amount = $30,000 - $10,000 = $20,000
If C dies, his beneficiaries would receive the full benefits minus the loan amount = $100,000 - $10,000 = $90,000
The correct answer is- the MRP exceeds the wage rate.
<h3>How does MRP influence wage rates?</h3>
Basic economic theory suggests that wages depend on a worker's marginal revenue product MRP. (this is basically the value that they add to the firm which employs them.)
MRP is determined by two factors: MPP – Marginal physical product – the productivity of a worker.
<h3>What factors increase wages?</h3><h3>Productivity:</h3>
Wage increase is sometimes associated with increase in productivity.
Workers may also be offered additional bonus, etc., if productivity increases beyond a certain level.
Learn more about MRP and wage here:
<h3>
brainly.com/question/21252933</h3><h3 /><h3>#SPJ4</h3>
