Answer:
The correct answer is: fad products.
Explanation:
Fad products are the kind of goods or services that have very short life cycles. It is caused because those goods were spread quickly and gained popularity but, consumers lost interest in them at the same speed. Usually, the main problem with those goods is the lack of innovation and diversity.
In "thinking like an economist," the section "the role of economic theory" states that many economists believe that useful insights into our behavior can be gained by assuming that we act as if governed by the rules of rational decision-making.
It is possible to define rational decision-making as a decision-making process that incorporates reasoning at every stage. It is founded on the use of impartial knowledge. The first step in making a reasonable decision is to identify the issue that needs to be resolved, followed by the collection of all relevant data.
The next step is to examine every outcome that might result from each potential solution. The decision-making process that follows comprises weighing all viable options and selecting the best one based on reasoning.
Rational decision-making examples include:
● A student chooses what to study in his post-secondary education.
● A commercial choice regarding what to buy for the company.
To know more about decision-making refer to:
brainly.com/question/1249089
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Which three factors make starting a business a highly risky investment? My answer would be points B, C and E.
Answer: Option B
Explanation: The branch of economics that studies the economy as a whole is called macroeconomics. Macroeconomics tries to understand and inter- relate the factors that affect the whole economy and not just a particular sector or community.
The area of concern in macroeconomics are inflation or deflation rate, interest rate, unemployment etc.
Thus, from the above we can conclude that the unemployment and general price level since 1990 is related to macroeconomics.
Answer:
$458,822
Explanation:
The formula to compute the future value is shown below:
Future value = Amount (1+i)^n -1 ÷ i)
where,
Interest rate = 8% ÷ 12 months = 0.6666%
And, the number of months = 35 years × 12 months = 420
Now put this value to the above formula
F = $100 × (1 + 0.6666%)^420 - 1 ÷ 0.6666%
After solving this,
the answer would be $458,822
