Please find article attached
Answer and Explanation:
1. East Asia
2. Economy of Europe
1. the article suggests countries near industrialized and rapidly growing economies tend to tap from the economic success of their neighboring countries just like west coast USA taps from East Asia rich economy
2. The economy of Europe if stagnating will in contrary cause stagnating growth to East Coast USA as opposed to the west which is closer to Asia
Answer:
Economic reasoning is based on the premise that: all decisions or actions have a cost associated with them.
Explanation:
Economic reasoning is a way of thinking in which all the actions are presented and analysed using economic principles to determine their economic viability. Some of the principles that form a basis for economic reasoning are;
1. People face trade-off's: every person has to engage in trade at one point or another since resources will always be limited and human needs are infinite. Therefor there will always be a scarcity that needs to be fulfilled.
2. People economize: people will always make decisions on something based on what they perceive as the best economic decision in terms of benefits over costs.
3. All choices involve costs: every choice even if it doesn't involve money or a business transaction has a cost. Even doing nothing has a cost since there is an opportunity cost of another alternative activity.
4. The consequences of choices lie in the future: decisions are often made without knowing what is to come. Humans however try to use their knowledge to predict the future. The future holds the consequences on the choices made now.
5. People respond to incentives: incentives can be either rewards or punishments. These incentives determine how people will react and can be used to model behavior.
6. Voluntary trade creates wealth because both parties expect to gain value from the exchange.
7. Markets facilitate exchange: these institutions encourage people to engage trade depending on their individual perceptions.
8. Governments can some times improve market outcomes
9. The standards of living, both individual and national all depend on the ability to produce goods and services.
It should be noted that a company's market share serves as the percentage of the total target market for the product that belongs to the company.
Market share can be regarded as the percentage of the total revenue that is been made in a particular market or in a business.
This serves as the amount of money that the company is able to make off the market.
Therefore, option B us correct because company's market share serves as the percentage of the total target market for the product.
Learn more about market share at:
brainly.com/question/4934175
Answer:
Premium
Explanation:
Kelly's kitchen in offering kids meal with every purchase of its luxury meal pack; this is an effective method to attract customers and to improve overall sales. The method which Kelly's kitchen has opted for is known as premium. The kitchen is offering a premium or an incentive to every customer who buys their luxury meal pack. Premium is an incentive which is offered in this example.
Answer:
budget surplus of $2 million
Explanation:
When income or receipt increases from the outlay, then budget surplus arises. Whereas when outlay increases from the income or receipts the budget deficit arises.
Revenue Collection for the year = $15 million
Government outlay for the year = $13 million
Budget Surplus / Deficit = $15 million - $13 million = $2 million budget Surplus