Providing the customer a choice between a refund or a replacement
Answer:
C. The federal government controls fiscal policy.
Explanation:
Fiscal policy are policies enacted by the government using its spending or taxes to stabilise the economy. There are two types of fiscal policy, expansionary and contractionary fiscal policy.
1. Expansionary fiscal policy is a policy that increases the money supply in an economy. They include :
A. Reduction of taxes - this increases disposable income and increases consumer spending which increases money supply.
B. Increased government spending- this is when government increases its spending usually on public projects.
2. Contractionary fiscal policy are policies that reduces the money supply in an economy. They include:
A. Increase in taxes- an increased tax reduces disposable income and money supply in an economy.
B. Reduced government spending - reduced government spending reduces money supply.
Monetary policy is policy controlled by the Federal Reserve.
I hope my answer helps you.
Answer:
A
Explanation:
Sunk cost is cost that has already been incurred and cannot be recovered. It should not be considered in making future decisions.
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives. Opportunity costs are costs associated with "the road not taken".
An example of opportunity cost : you quit your job where you ern $50,000 to start your business. the opportunity cost of starting your business is $50,000 - your salary that you would be forgoing to start your business
Answer: price-discriminating firms charge more price from the group that has less price elasticity of demand than the group that has more elastic demand
Explanation:
Means, the group that does not decrease their demand as the price goes up. Price discriminating firms charge more price from such groups. Let me explain more that what price discriminating firms are.
These are the firms that charge different prices for similar and identical good from different groups.
