Answer:
Explanation:
Some people need to drive to work in far places, and they can not afford to take public transportation every day. Others may be in High School and want a car to go to school, but they will be fine without having one.
Basic Answer
a carpenter sells furniture, whereas an automobile manufacturer sells cars.
Bussiness Answer
a carpenter sells style , whereas an automobile manufacturer sells mobility.
Answer:
For firms, Rent Seeking usually involves: <u>restricting supply in order to increase price</u>
Explanation:
An example of rent-seeking in a modern economy is spending money on lobbying for government subsidies in order to be given wealth that has already been created, or to impose regulations on competitors, in order to increase market share.
A rent seeking firm have a greater incentive to engage in rent-seeking behavior when demand is elastic because the restriction imposed on competitors will not affect the demand for the goods.
Answer:
The correct answer is letter "D": buying and selling of securities (primarily Treasury bonds).
Explanation:
The Federal Open Market Committee or FOMC is a department of the Federal Reserve Board in charge of establishing monetary policy. There are different meetings within a year they held to determine to continue with the current policy or to change it. A change in monetary policy represents the purchase or sale of government securities (treasury bonds) on the open market to stimuli the economy.
Answer:
B. value proposition.
Explanation:
The value proposition is the value of the firm's offering, as explained to the target market.
It is also a belief from the customer about how value will be delivered, experienced and acquired because it is an innovation, service, or feature intended to make a company or product attractive to customers. Promotion is responsible for communicating this value proposition via a variety of media.
