A plastic card containing magnetic strips with data regarding the value of the card is typically known as a smart card. It is a card which has a microprocessor that is built-in the system. It is typically being used for personal identification and for financial transactions. It is also called as an ICC or integrated circuit card.
Answer:
increased measured GDP by the full value of the restaurant meals.
Explanation:
Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.
GDP calculated using the expenditure approach = Consumption spending + Investment spending + Government Spending + Net Export
Some items are not included in the calculation of GDP. Some of these items are :
1. Services rendered to ones self
2. Intermediate goods
3. Illegal activities
4. Transfer payment by government.
Households cooking at home is an example of services rendered to ones self and it is not included in the calculation of GDP.
While services rendered by resturants are included in the GDP through consumption spending by households.
So if families decide to eat more at resturants, GDP is increased by the full value of resutrant meals.
I hope my answer helps you
Answer:
Option (a) is correct.
Explanation:
This is a case of third degree price discrimination.
There are three types of price discrimination are as follows:
(a) First degree price discrimination
(b) Second degree price discrimination
(c) Third degree price discrimination
In a third degree price discrimination, a company or a firm can charge different prices for different groups of people but charge the same price within the group.
In our case, Dry cleaning companies charge more prices from the women than from the men but they can charge the same price from all the women.
Answer:
Dissociative Fugue
Explanation:
Dissociative Fugue is a situation whereby an individual cannot recall a part or all of his past. It is a form of dissociative Amnesia. It is caused by extreme psychological trauma as opposed to a physical trauma, illness or other medical conditions. It is commonly found in people who experiences dissociative identity disorder. Since Mr Jones said he could not remember any information, he is said to be most likely suffering from dissociative amnesia with fugue.