If a product gets low supply im pretty sure the price is gonna go up
Answer:
B. Although they are generalizations, economic laws are useful because they allow us to predict and therefore influence or adjust to events.
Explanation:
Economic laws are like scientific laws which trace out a causal relationship between two or more phenomena. Simply put, they are statement of tendencies.
Answer:
avoid
settlor/grantor/trustor
reduce
Trust
Explanation:
Trusts are used to transfer assets from an estate. The contractual nature of a trust ____avoid_________ probating its assets upon the death of settlor/trustor/grantor___________ the and may __reduce________ federal estate tax. An attorney who practices _____Trust_______ law should be hired to draft the trust in order to ensure that all of the benefits of establishing a trust are realized.
Answer: Ambiguity aversion
Explanation:
In economics and decision theory in general, ambiguity aversion refers to the preference for known risks over unknown risks. This means that in a scenario in which there´s an option in which probable outcomes are unknown, people would rather choose an option in which probable outcomes are known.
No to be confused with risk aversion, which only applies to situations where each probable outcome can be established.
Answer:
False
Explanation:
Demography refers to the statistical study of human populations to determine and quantify particular characteristics in the population. It is used in economics and many other disciplines or fields such as marketing. Marketing may use it to understand the different segments of its target population and study its market thoroughly.
In the above question, the individual measures demography and this cannot or may not be directly applicable to understanding the industrialization of a country or making comparisons on this basis