Answer:
1. Bankruptcy law is primarily state law. b. False
2. The <u> </u><u>federal </u> government is given the power to establish bankruptcy laws in Article I, Section 8 of the <u> U.S constitution</u>. The purpose of bankruptcy law is to protect the <u> debtor </u> by giving him or her a fresh start and to ensure <u>equitable</u> treatment of the <u> </u><u>creditors</u>.
Fill in the blanks with words that would best complete the passage.
equitable federal debtor perfect state assets state constitutions creditors U.S. Constitution
3. Bankruptcy proceedings are held in <u> federal bankrupcy courts</u>.
4. Title <u> 11 </u>of the United States Code contains the Bankruptcy Code.
5. The Bankruptcy Code has several chapters. Chapter <u> 7 </u>provides for liquidation proceedings, Chapter <u> 11 </u>governs reorganizations, and Chapter <u>13</u> provides for an adjustment of debts for individuals with regular income.
6. In order to obtain bankruptcy relief a debtor must be insolvent, or unable to pay his debts. b. False
7. Consumer-debtors are those whose debts result from the purchase of goods for <u> personal</u> use. The Bankruptcy Code<u> </u><u>requires</u> that court clerks provide additional<u> information </u>to consumer-debtors when they file for bankruptcy.
Employment is the act of working in exchange for an income.
Employment is a relationship between two parties,
usually based on a contract where work is paid for, where one
party, which may be a corporation, for profit, not-for-profit organization, co-operative or
other entity is the employer and the other is the employee.
The study of an agent's or individual's decisions is known as decision theory. The official decision-making process concludes with evaluation. Evaluating the consequences may assist the decision-maker in learning lessons that will help her make better decisions in the future.
- Loss aversion is the correct answer because the general notion of the "loss-aversion" theory is that if an individual is provided with two equal alternatives, one of which is presented in terms of prospective profits and the other in terms of potential losses, the former option will be chosen.
- Loss aversion is a cognitive bias or psychological phenomenon that explains why the agony of losing is twice as powerful psychologically as the pleasure of winning.
Therefore, representativeness, cognitive bias, and overconfidence are not factors relative to an arbitrary decision distortion. So, Loss aversion is the correct response to the question.
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Answer:
1-Shortage
2- fall
Explanation:
Shortage (there will not be enough goods available to meet the demand for them)
Fall (when supply exceeds demand, prices fall until equilibrium is reached, and demand equals supply)
Although total world grain production is increasing, per capita production remains flat. The factors that have contributed to this situation are the increasing population of humans, climatic conditions, quality of land cultivation, and the energy to plant and harvest the grain.
In 2019, the USA populace changed to 328 million, even as its financial output turned into valued at $21.43 trillion. To calculate GDP in step with capita, we get the full GDP and divide via the whole population. In this example it is: So in 2019, the GDP per capita of the USA becomes $ 65,335
.
According to per capita production intake, the every year use of goods and offerings by using all and sundry is derived through dividing the number of products and offerings utilized by the full populace. This variable serves as a right-away measure of personal monetary well-being. Per capita consumption is stricken by (Jain et al., 2012):
GDP in line with per capita production is the sum of gross cost introduced with the aid of all resident producers within the financial system plus any product taxes (much fewer subsidies) not blanketed within the valuation of output, divided by using mid-yr population. boom is calculated from constant price GDP data in nearby forex.
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