Answer:
The answers to all 3 questions are:
1. Norway
2. China and India
3. Afghanistan
Explanation:
Just completed the 2020 Edge Assignment
Answer:
The correct answer is: medium of exchange.
Explanation:
The medium of exchange function of money that helps the society in gaining the benefits of geographic and labor specialization.
The medium of exchange function means that money is an asset that is widely accepted as a medium of exchange in the transactions involving the exchange of goods and services.
The medium of exchange function of money eliminates the need for double coincidence of wants. Thus helps in labor and geographic specialization.
Answer:
The price of goods needs to be increased.
Explanation:
Excess demand occurs when the quantity demanded is higher than the quantity supplied. This happens when the price of the good is lower than the equilibrium price. This can happen naturally in the market, or can happen if the government imposes a binding price floor.
The best way to solve excess demand is to raise the price, in order to reach equilibrium. Once in equilibrium, the price will coordinate the quantity supplied and the quantity demanded so that they're roughly equal.
Answer:
$3,063,750
Explanation:
A 180 day $3,000,000 CD
Annual rate = 4.25%
Collection in 180 days = ?
$3,000,000 * 4.25% * 180/360
= $3,000,000 * 0.02125
= $63,750
Total amount to collect after 180 days = $3,000,000 + $63,750
Total amount to collect after 180 days = $3,063,750