The CORRECT answer would be "B"
"This process of increasing the amount of capital per worker, called capital deepening, is one of the most important sources of growth in modern economies." (econ gradpoint 2019)
Answer:
false
Explanation:
False, in a competitive market firms are price takers, production decisions by an individual firm will not affect the market price.
False, An individual firm in a competitive market cannot change the market price by altering its own production level. This is because in a competitive market, firms are price takers and their individual production does not significantly sway the market supply.
The statement 'A firm in a competitive market can change the market price by changing its own production level' is False. In a highly competitive market, individual firms are price takers, meaning they have no control over the market price. Changes in their own production levels do not affect the market price because such changes are relatively small compared to the total market supply. For instance, even if one firm decides to drastically cut production, the market price won't change significantly because there are many other firms in the market capable of filling the supply gap.
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Answer:
The correct answer is higher costs for students.
Explanation:
The disadvantage of adding a salad bar to a school lunch menu would be that it would increase costs for students. This is due to increased school lunch expenses, and although healthy food intake will increase because salads are healthier and healthier, the cost of lunch will be higher.
Have a nice day!
b. ethical
c. legal
d. fiscal E.economic
The option (c) is correct.
Mortgage loan offers the lowest interest rate.
Further explanation:
Mortgage loan:
Mortgage loan is a type of loan where the asset is used as a collateraland then the loan is disbursed. Mortgage payment remains constant. The issuer of the loan specifies the amount of the mortgage payment and the time interval of the payment. So the amount of mortgage payment remains same for all the installments. The loan is secured by the asset therefore, there is very low risk as the asset can be used in case of default. The low risk nature of the mortgage loan results in the low-interest rate.
Therefore, mortgage loans have a low rate of interest.
Justification for the correct and incorrect options:
a.
Payday loan: This is an incorrect option.
Payday loan has the highest rate of interest.
b.
Car loan: This is an incorrect option.
Car loan has the higher interest rate than mortgage loan,
c.
Mortgage loan: This is the correct option.
Mortgage loans are guaranteed by assets therefore, has the lowest rate of interest.
d.
Credit card: This is an incorrect option.
Credit card charges a high rate of interest on the amount borrowed.
Learn more:
1. Learn more about the collateral loans
2. Learn more about loaning the money
3. Learn more about the mortgage payment
Answer details
Grade: Senior School
Subject: Business Studies
Chapter: Bonds & Debentures
Keywords: loans, typically, offer, lowest, interest rate, payday loan, car, loan, mortgage, credit card.