Answer:
This statement is describing demand pull inflation.
Explanation:
If the aggregate demand increases the demand curve will shift rightwards. But if the increase in demand is higher than increase in supply this will lead to an increase in the price level. The output level will increase but constant increase in price will cause inflationary pressures. This is referred toa as demand-side inflation.
Answer: True
It is true that foresters may work in private companies or firms and so with government agencies and offices. However, it is believed that foresters in government agencies have better benefits compared to foresters working in special and private firms.
Answer:
Capital income is income generated by an asset over time, rather than from work done using the asset.
Explanation:
Capital income is the income generated through the possession of wealth, such as rental income, gains from selling an asset, dividend income, certain interest income, proceeds from a life insurance contract, and the share of profits of an investment fund.
Answer: Four years
Explanation:
I just took a test over this
Answer:
C
Explanation:
The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.
As more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
If the PPF is a straight line, it means there is a constant opportunity cost no matter the point one is on the curve
