The answer to the question above is FALSE. It is not Fraud by Enticement but rather, Fraud by Concealment. This happens when one party takes a certain action to hide or conceal a material fact from another party. For example, when one company decides to purchase a material from the other and that the first company decides not to show all of the details of the product, which would then later on discovered that it is not brand new or have been repaired several times, they can sued for fraud by concealment.
Answer:
D. The number of highly-skilled workers migrating from Adelphia to foreign countries has fallen.
Explanation:
If the decrease in the working population of Adelphia was caused by workers migrating from Adelphia to other nations, then if the rate of emigration has fallen (probably because the local economy is improving), the total working population of Adelphia should either remain the same or increase.
A lot of people that emigrate away from their home countries do it because they are seeking better job opportunities and a better living conditions. If Adelphia's economy is growing then the living conditions in the country should improve, so less people have to emigrate the country seeking a better life. For example, if living standards had been great in Europe during the last 3 centuries, then the US would have a very small population and there would be much more Europeans (and Latin Americans, Chinese, etc.) in their home countries.
Answer:
Forey competes in a Monopolistic Industry.
Explanation:
An industry wit high degree of competition reflects either a perfectly competitive market structure or a monopolistic competitive one. The company in question operates in competition with many other firms in an industry where entry has been easier to allow many firms to enter and operate.
The four-firm concentration ratio and Herfindahl-Hirschman Index are small which suggests absence of concentration.
Rothschild Index for this industry is significantly greater than zero which indicates that this industry cannot be perfectly competitive.
Therefore, the market structure that best characterizes the industry in which Forey competes is a MONOPOLISTICALLY COMPETITIVE one.
This answer should be true
Economic Growth and Tax Relief Act law signed by President George w. bush, allowed for more economic freedom amongst different kinds of businesses on the 401(k)
A standard definition of economics might describe it as a social science focused on the satisfaction of needs and desires through the allocation of scarce resources with alternative uses. Economics can be said to be the study of scarcity and choice.
In its simplest and most concise definition, economics is the study of how societies use their limited resources. Economics is the social science of producing, distributing, and consuming goods and services.
Example: When the corn crop increases, the farmer reduces the price of the crop so that the product can be sold. When supply exceeds demand, meaning too much corn is needed to feed the people of the country, the produce is forced to waste and farmers lose production costs.
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