Answer:
a. a decrease in the price of wool shirts and a decrease in the price of raw cotton
Explanation:
A decrease in the price of wool shirts would lead to an increase in demand for wool shirts and a decrease in demand for cotton shirt. Cotton and wool shirts are substitutes goods. Price would fall and quantity would fall. A decrease in the price of raw cotton would increase production of cotton shirts and the supply of shirts would increase. This would lead to a rightward shift in the supply curve. Quantity would increase and price would fall. The combined effect of this would lead to an unambiguous decrease in price.
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Answer:
E) l and III
Explanation:
Country B may be having geometry population growth rate while country A is still growing her population in an arithmetic population growth rate.
Secondly, country may have weak institutions to manage her resources effectively and efficiently which literally means resources capacity utilization and planning is very poor, resources risks are not properly assessed and managed, problem of skills mismatch
Use of resources are not optimized.
Answer:
$5,000
Explanation:
New total reserve = Existing reserve + Increase in reserve = $20,000 + $5,000 = $25,000
Required reserve still remains at $20,000 because the sale of securities does not change the checkable deposits,
Therefore, we have
Excess reserves = Actual reserve - Required reserve = $25,000 - $20,000 = $5,000
.
Therefore, level of excess reserves the bank now have is $5,000.
Answer:
B. Commercial impracticability
Explanation:
Commercial impracticabilty occurs when the actions under a contract is impractical and cannot be accomplished or achieved. It is triggered when actions or performance of a contract by a party has become impracticable and hence unfeasible or maybe just too difficult or costly to accomplish. The best defense for the florist in this case is commercial impracticabilty as the disease sweeping through the type of rose Belinda ordered has made it difficult and costly to accomplish or achieve.
