Answer:
The answer is 1. quantity demanded exceeds quantity supplied.
When the quantity demanded exceeds the quantity supplied, this makes room for a shortage of goods in the market a day and excess demand. Because of this, the price of existing products increase as a lesser number of goods has to be distributed among many people.
When such scenarios happen, the government can take actions such as importing goods from abroad.
Explanation:
A) standardized product I think
Answer:
Interpretation between the auto insurance preniums in Michigan and the National average is that In 2017, the average cost of a personal injury protection claim in Michigan was more than six times the national average. Costs are increasing nearly twice as fast, according to the Insurance Research Council.
Explanation:
The rates of auto insurance Premiums in Michigan are most expensive in America. This is due to Michigan's non-fault insurance system, which provides crash victims unlimited lifetime coverage of medical bills.
Concentration banking Drafts resemble checks, but differ in that they are payable by the firm issuing them rather than payable by a bank
Explanation:
Concentration banking drafts resemble checks in that they are drafts payable to a firm guaranteed an amount of money by one firm directly to them but in the case of they are issued directly by the firm and given directly to the firm supposed to take the money.
In the other case it is the bank that processes the amount for the two firm which makes the process little slower than the demand draft wherein the money is transferred to directly.
Answer:
Beta Corp.
A. Arnold = Agent (Arnold exercises significant power on behalf of the Beta's Board of Directors).
B. Carol = Agent-Employee (Carol does not exercise significant power on behalf of the principal (the Board of Directors of Beta). Instead, she is subject to Beta's control)
C. Dave = Agent-Employee, just like Carol. He is a mere employee subject to Beta's control.
D. Fred = Independent Contractor because he controls and directs the result of his work, though he does not decide the work or how it should be done.
Explanation:
Principal = a person who assigns the agent to act on her behalf.
Agent = a person who the principal authorizes to exercise significant power on her behalf.
Agent-employee = an employee of a company. The employee does not exercise the right of control and direction of the results of her work.
Independent contractor = a person who exercises the right of control and direction for work result, and not how and what is done.
