Answer: is a seller that has the ability to control to some degree the price of the product it sells.
Explanation:
A price maker is a firm with the ability to influence the market price of its goods or services.
Features of a price makers
1. They are usually monopolies
2. They have a downward-sloping demand curve
3 The goods they produce do not have perfect substitutes,
Answer: VARIABLE-RATE OR “PAY-AS-YOU-THROW”
Explanation:
We can conclude that Michael's budget constraint will shift out but remain parallel to the old one.
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The ability of a person in spending a unit of money in purchasing a product r devices refers to the purchasing ability of that person. Purchasing power determines the quantity if goods and services that can be purchased by the individuals of an economy. The main factor that determines the purchasing power of an individual is the inflation rate.
In the given example, the ability of Michel in purchasing pizzas or submarine sandwiches is explained. When the pizza and submarine sandwiches prices gets doubled, the income of Michel triples. From this we can conclude that Michael's budget constraint will shift out but remain parallel to the old one.
Marketplace justice asserts that during a loose marketplace economic system, market forces can obtain an honest distribution of healthcare amongst people who have got the liberty to purchase the healthcare offerings they value. In market justice, healthcare is rationed by way of the willingness and potential of humans to pay for healthcare.
Social justice emphasizes treating the human beings inside the society, which includes the negative and the rich, as equals to make sure harmony in the society. marketplace justice, then again, emphasizes giving each individual taking part in the exchange of products and services an equal hazard to prevail.
“Social justice" is the view that everyone merits the same monetary, political, and social rights and opportunities. Social workers goal to open the doorways of getting right of entry to and opportunity for every person, particularly the ones in best need.” national association of Social people. “Social justice encompasses financial justice".
Learn more about Social justice here
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Answer: no. Interest rate in euro zone is lower than interest rate in the united state
Explanation:
when interest rate rises, foreign investors will be attracted which will increase the demand for domestic currency. an increase is demand for domestic currency will increase the exchange rate level which is an appreciation of the home currency.
spot rate is $1.30 and future price is $1.35, the exchange rate increase which tells us that Home currency depreciated. A decrease in Interest rate increases Exchange rate level. Since exchange rate level is expected to increase we can assume that the interest rate of Euro zone is less than the interest rate of united states
