Answer:
A. A married person with children
Explanation:
That person would be the head because he would be in charge.
Answer:
It distorts relative prices, causing a misallocation of resources.
Explanation: Inflation is an economic term used to describe a situation in a country's market when there is a sudden rise in commodities sold in the market. Inflation can be as a result of an increase in demand of commodities sold in the market.
It has a negative effect, when the prices are distorted and the purchasing power is not properly allocated to the buyers.
Answer:
The correct answer is option D.
Explanation:
The income and interest rates are inversely or negatively related in the goods market.
An increase in interest rate would lead to increase in the cost of borrowing.As a result the capital investment will fall. This would further contribute in a decline in the production. This ultimately causes income level to decline.
In the money market though equilibrium levels of income and interest rate are positively related.
The equilibrium in the money market is determined by the intersection of demand for money curve and supply of money curve.
The demand for money depends on transactionary and precautionary motives. When there is an increase in income, the transactionary demand for money will increase as people will spend more. The increase in demand would cause the interest rate to rise.
In this way, income and interest rate arepositively related in the money market.
Answer:
mining
Explanation:
Based on the information provided within the question it can be said that the industry that managed to accomplish this was the mining industry. This industry was the main push on bringing the west into the global economy, as the west mined precious metals such as gold which since there is only a fixed amount it is considered a very valuable commodity which would give those who had it a large capital. Also in order to mine the gold and other precious metals the companies needed a large number or laborers.