Answer:
Oral Employment Contract
We shall assume that Schwartz Inc. changed its mind some period before the May 2021 Johnny's graduation date.
We can argue that the contract is voidable by Schwartz because it was an oral contract. The protections accorded a written contract are missing. And the conditions for voiding the contract are not clearly enumerated as in a written contract.
The contract duration favors Johnny more than Schartz, Inc. because it is for a year and no more.
Therefore, since the employment contract is for a year, it is legally enforceable by Johnny.
Explanation:
But if Schwartz were to void the contract in May 2021 when no opportunity would be given to Johnny to enter into another contract immediately, we could conclude that to void the contract was unconscionable. Contracts are not voidable with a change of mind, most especially if the other party would suffer some damages as result. Contracts require legal reasons for voiding them.
Answer:
FALSE
Explanation:
Credit card borrows money from your credit card company. But you have to pay back the money in some interest. Basically, "buy now, pay later". Debit card pulls money from your checking account.
Answer: Greater the MPC
Explanation:
The Marginal Propensity to consume refers to how much Economic consumption increases or decreases due to a change in income.
The formula for MPC is;
= Change in Consumption/Change in Income.
Consumption is a major component of GDP so it has a direct influence on Economic output. In other words, the larger the level of consumption, the higher the higher the output.
As evident from the equation, if the change in consumption is higher than the change in income, the MPC will be larger. A larger MPC therefore corresponds to a higher Consumption.
If a higher Consumption leads to a larger output and a larger MPC corresponds to a higher Consumption then that means that a higher MPC leads to a larger output.
