Answer: In the carrot scenario, Derek is able to find carrots at the price he wishes to pay because one competitor offers a lower price. That competitor is successful in making a sale and competition causes the consumer to keep looking until the desired price is found. Likewise in the computer scenario, Melissa still searches in a number of places for the desired computer. Competition again is driving the consumer action of shopping around. However, in this case, the consumer is unable to find the desired price and ultimately decides that since all competitors are asking the same price, this must be a fair market price. In that case Melissa wants the model she wants and is willing to pay a higher price for it, but only after exhausting all of her available options by checking out many competitor prices.
Answer: Option (D)
Explanation:
Federal Reserve System is known to have a unique structure which is public and private. It is further characterized as an independent entity within the federal government instead of being completely independent of the federal government. Federal Reserve System has four main elements, these are as follow: Board of governors, Open Market Committee, Regional Federal Reserve Banks and its members.
Answer:
Science
Explanation:
The great philosopher and mathematician Bertrand Russell used to see the value of philosophy, almost from an epistemological point of view. To him, the worth of philosophy is to prove the validity of convictions and at the same time, to make the Science as solid and profound as possible.
He did that in Philosophy of Science, in Mathematics.
The answer is true. if you need anymore help msg me
It is true, because age and occupation can determine how high or low of a risk they could be.