Answer:
Thiru Sandeep Saxena, IAS, Additional Chief Secretary to Government, Environment and Forests Department, Government of Tamil Nadu.
Let bank of chance deposit = x
Merchant bank deposit = 4x
Utopian deposit = 0.25*(x+4x) = 0.25*5x = 1.25x
x + 4x +1.25x = 700
6.25x = 700
x = 700/6.25 = 112
Deposit into Utopian financing account = 112*1.25 = $140
Deposit into Utopian financing account= $140
b. It discouraged the establishment of overseas colonies.
c. It encouraged trade by abolishing laws that regulated trade.
d. It was based on a belief that a nation’s real wealth was measured in its gold and silver treasure.
Answer:
D
Explanation:
Answer:
The first graph represents the housing market with rent control fully in place. In such a housing market, rent does not get out of hand before government intervention.
Explanation:
With the first graph, t the market could not reach the equilibrium point without the rent control stopping the market forces of supply and demand from exceeding a controlled price (rent). It shows the effect of price control on the market dynamics. With a control on the price (house rent by government), a certain price is imposed on the suppliers and consumers so that they do not go above the prescribed limit. This is what obtains in a controlled economy. On the other hand, in a free market, government does not intervene with control mechanisms, instead it allows the market forces to interact, enabling aggregate production and consumption of goods and services.