<span>the exclusive possession or control of the supply or trade in a commodity or service.</span>
Answer:
moral hazard
Explanation:
Banks reduce the risk of moral hazard when they monitor and supervise how their clients are using the loans and credits made to them.
Some types of credits do not require any type of monitoring or control, e.g. a credit card which a client can use basically however he/she wants to. But other types of credit that are taken for purchasing assets, e.g. a mortgage, must be used by the bank's client to specifically carryout the intended activity.
In economics, moral hazard refers to the tendency that an economic party can engage in unusually risky activities because the capital (money) that they are investing is not theirs and the negative effects of a potential loss will be suffered most by other parties.
I would see the process ends with the receipt of the goods. I used to work for a large open pit mine and go to the purchasers for buying materials for drilling etc and there would be first the requisition, then the purchaser would contact the seller or client and order the goods, then they would be purchased with the right account and finally received.
If you are 20 minutes early to interview it shows that you can be early for things but sometimes too early to be able to do anything
Answer: The correct option is B. an increase in quantity supplied of laptops.
Explanation: Supply is the amount of goods and services that a given firm is willing and able to sell to the market, at a given price and at a given point in time.
Factors that affect supply include:
- Price
- Cost of Production
- Technology
- Transport Conditions
- Government's Policies
- Prices of Related Goods, and so on.
In the scenario given in the question above, if an improved technology is being used to manufacture laptops, this will cause production costs to decrease, and cause output level to increase, thereby leading to a lower price of the laptops.
At this price, consumers will demand more of the laptops, and an increase in demand will definitely lead to an increase in the quantity of laptops that will be supplied to the market.
