Answer:
The primary way that banks make money is interest from credit card accounts. When a cardholder fails to repay their entire balance in a given month, interest fees are charged to the account. ... When a retailer accepts a credit card payment, a percentage of the sale goes to the card's issuing ban
Explanation:
This economy is on its balanced growth path when an exogenous permanent increase in the depreciation rate occurs, there will be an immediate growth effect.
Recall that population growth in the Solow model does not contribute to per capita income growth, which depends solely on the growth of (exogenous) technology. in Romer's model, population growth could be the source of her per capita income growth.
In the short run, increased savings and investment boost national income and output growth. Solow analyzes how increased savings and investment affect long-term economic growth. In the short run, higher savings and investment lead to higher national income and output growth in the short run.
The Solow growth model is an exogenous model of economic growth that analyzes changes in an economy's output levels over time as a result of changes in the rate of population growth, savings, and technological progress.
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Higher because there is reduction in the list price of tickets for football games.
There are four parts to property rights are namely the right to use the good, the right to transfer the good to others, the right to enforcement of property rights, and the right to earn income from the good
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Option C
<u>Explanation:
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Property rights are abstract and legally regulated legal buildings for deciding which property or economic goods are used and held. Property rights may be owned by (and therefore belong to) individuals, organizations, collectives. This characteristic comprises four wide elements and is frequently called a bundle of rights.
- The right to make use of the good
- The right to earn an income from the good
- The right to transfer the good to someone else, change it, give up it or destroy it (the right to cease ownership)
- The right to implement property rights.
Throughout economics, the land is normally considered to be owned by an asset or good (rights on the income obtained from property). In fact, several economists argue that ownership rights must be fixed and relations between other parties represented in order to be more efficient
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Option C
Costly to imitate criteria for sustainable competitive advantage
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Explanation:</u></h3>
Sustainable competitive advantages are business assets, properties, or skills that are hard to replicate or exceed; and render a higher or complimentary long term situation over competitors. A company must produce distinct goals, plans, and methods to create a sustainable competitive advantage.
It needs huge expenditure in time and money to create a brand. It demands very limitedly to destroy it. A good brand is precious because it prompts customers to favor the brand over competitors. A unique product or service increases customer support and is less suitable for a competitor to imitate.
