Answer: A hire purchase is a system by which one pays for a thing in regular instalmentsinstallments while having the use of it.
A credit sale is a purchases made by customers for which payment is delayed.
Answer:
As the class cost $750 Adie will only take one class because she is not willing to pay $750 for the second, third or fourth class. Also because she is willing to pay $800 for the first class her consumer surplus will be $50(800-750)
Explanation:
Answer: the process by which unions and firms agree on the terms of employment.
Explanation:
Collective bargaining is the negotiation that takes place between the employers and the workers in order to reach an agreement regarding the wages or salaries, benefits, sworking conditions, and other rights for the employees.
Therefore, collective bargaining is the process by which unions and firms agree on the terms of employment.
This is true because any hard skill is teachable if one is willing to learn the skill by learning the skill and learning the way to use the skill one can learn it.
Answer: For absolute purchasing power to hold, the products must be identical in all markets.
Explanation:
Purchasing power parity (PPP) measures the prices in different sectors using a particular product to differentiate the absolute purchasing power that exists between currencies. Purchasing power parity produces an inflation rate which equals the price of the basket of products at a location divided by the price of basket of products at a different location. In PPP, the products compared must be identical.
Purchasing power parity (PPP) is a theoretical rate of exchange that allows an individual to buy the same quantity of goods and services in all countries. According to purchasing power parity, two currencies are in equilibrium when a basket of goods has the same price in two countries, with the exchange rates taken into account.
