Answer: (D) Fairness and honesty
Explanation:
The fairness and the honesty are the two main business ethics that helps in providing the various types of attributes such as integrity and the honesty with the customers regarding the products and the services.
These are the moral standard that helps in the decision making process by reducing the discrimination, mis-representation and also the coercion.
According to the given question, the business people are not providing any harm to the client, customers and also the competitors, this is the practicing of fairness and the honesty concept.
Therefore, Option (D) is correct answer.
Answer:
monopolistically competitive industry.
Explanation:
this Asian restaurant is likely operating a monopolistically competitive industry. This kind of market structure is a combination of monopoly and competitive market. as it offers products and services which one similar. Also the question says that it has some barriers to entry, which is a characteristic of monopolistically competitive industry. Also goods are similar but not differentiated
Answer:
The correct answer is option c.
Explanation:
A consumer price index measures the change in the price level of weighted average of a basket of goods and services purchased by the consumers.
GDP deflator measures the change in the price of all domestically produced goods and services.
A change in the price of domestically produced industrial robots will be included in the GDP deflator as it includes the prices of all domestically produced goods and services.
But it will not be included in the CPI as the industrial robots are not purchased by consumers in households, they are not consumer goods.
Answer:
The basic objective of planning is to exercise control over the private sector of an economy. ... When the economic resources of the country are rationally arranged with a predetermined purpose, it is called economic planning. It usually refers to planning by the State.
hope it helps
