The deli industry is monopolistically competitive. If some delis leave the industry, Toby's <u>demand</u> curve will shift <u>right</u>.
<u>Explanation</u>:
Monopolistic competition is similar to perfect competition in that firms in both market structure. In monopolistic competition the firms earn zero economic profits in the long run.
One of the best examples for monopolistic competition is gas station.
The demand curve is the graphical representation of the relationship between the cost of the goods or services and the quantity demand for the product for specific period of time.
Shifting of the demand curve to right shows that there is increase in demand for the product.
Answer:
Laura's lawsuit against Bolivia will most likely not prevail because of the Act of state doctrine.
Explanation:
According to this Act, a sovereign state (United States) must respect the independence of any other sovereign state (Bolivia) and, as a result, all the laws and regulations that such sovereign state sets forth. If no US dollars are allowed to enter Bolivia, US citizens traveling to such country have to change US dollars for "Bolivianos", which is the currency used in Bolivia.
In addition, a court (a US court in this case) is not entitled to hear a case where a foreign issue is involved (the fact of exchanging foreign currency). This case cannot be heard nor decided by a US court because that would interfere with the US foreign policy (with Bolivia in this case).
Answer:
The answer is A) relative motion.
Explanation:
As the name suggests, relative motion refers to the perceived velocity of a point in relation to another.
Some more instances would be the perceived velocity of a car if you're standing the next to the road (the car moves fast), if you're driving a car and moving at the same speed (the other car appears static) or if you're driving the opposite direction (the other car appars to move at double the speed).
It's important to notice that relative motion can be positve or negative.
Answer:
The correct response of the options given is Option D: It has a steady and stable monthly payment.
Explanation:
A mortgage has advantages over renting a home because it allows you to invest in an asset and accumulate some wealth in the value of the home. It is also predictable in the sense that you can negotiate a fixed-rate mortgage and know what the scheduled payments will be for the life of the mortgage loan. However, you are usually responsible to put down some down payment as an investment upfront, and as a homeowner, you are responsible for the maintenance and repairs whereas renting in most states in the United States, for example, the tenant is not responsible for major repairs to the rental property.
Answer:
: Five styles for conflict management, as identified by Thomas and Kilmann, are: competing, compromising, collaborating, avoiding, and accommodating.
