Answer:
Indeed, a large number of lawsuits enter the American courts year after year. This happens for two main factors:
-First, there is absolute trust in the judicial system of the United States. The citizens trust in the absolute transparency and impartiality of the judges, with which they do not hesitate to go to them to resolve their controversies. Furthermore, the relatively short resolution and sentencing time means that this method is not seen as a waste of time.
-Second, there is a clear lack of communication when doing business. In other words, a culture of judicialization of conflicts has been generated, which means that many controversies that can be resolved privately between the parties end up being the subject of a trial, which saturates the judicial system and breaks trust between the parts.
The responsibility in this matter belongs to the entire society: it is necessary to resume the path of dialogue and joint conflict resolution, instead of going to an impartial third party to do so. The mentality must be changed to achieve a culture of communication that favors joint solutions to society's problems.
Unfortunately, this process takes years and years of education and a change in culture, so that in the coming years a significant change in the number of lawsuits filed in this country should not be expected.
Ceteris paribus, in a closed economy, if consumers become more optimistic the equilibrium interest rate should increase
.
So the answer is the equilibrium interest rate should increase
Answer:
the size of M1 can only be a fraction of checkable deposits.
Explanation:
fractional reserve banking system requires that a fraction banks receive as deposits from customers be kept as reserves with the central bank and the rest be made out as loans.
M1 consists of coins, demand deposits and currency in circulation. Banks determine the money in circulation by giving out loans. so the size of M1 can only be a fraction of checkable deposits.
Answer:
C. Joint Venture
Explanation:
A Joint Venture is a business agreement in which two or more parties agree to combine their resources in order to achieve an objective.
Companies use Joint Ventures to partner with foreign businesses in order to enter their market. This is what China is proposing in the scenario above, and it has been done in order that China might have a stake in those businesses.
<u>Advantages of a Joint Venture include:</u>
- Access to new markets.
- Pooling of resources.
- Low cost of production.
- Access to expertise ans technology, and so on.
Explanation:
1) Famous celebrities and the people with lots of money are often seen with workers round them for their household chores/tasks. Although they are paying money for the work they could have done by themselves but if we analyze closely, they are actually taking advantage of the opportunity cost. The time when they were suppose to do the household work, now they are performing other task in that time which will be giving them much greater economic benefit, taking advantage of the concept of opportunity cost. For example, Cristiano Ronaldo can focus on his workout and daily exercise instead of making daily meals for himself, so he should have hired someone to do the meal work for him while he perform his workout which will help him on the field and will earn him much money.
2) Yes, it is possible for 2 countries to benefit from trade as a whole because they can get into an agreement by allowing free trade between the countries, for example, both the countries could agree that all the trade which will be executed between them would be tax free and no duties will be paid on them. This way the trade numbers would increase and industrialization would take place to meet the export/import orders. On the contrary, trading individually can be not so beneficial because there will be no free trade agreements between individuals i.e. no free lunches, that is why it could cost individuals much more than they can make money out of it.
3) One of the main reasons to oppose policies that restrict trade among the nations is that GDP. GDP is a measure of growth in any country, therefore when there will be no trade among countries, it would result in less productions of goods and services which which lead to less industrialization, which then will result to low employment and more unemployment, ultimately resulting in very low growth for any country and since growth is the only way forward for any nation, economists oppose policies that restrict trade among countries/nations.
I hope this detailed answer of mine help the poster.
Thank You and Good Luck.
