Most couples get engaged to marry before they actually get married. At one time, such an agreement to marry was considered a legally binding contract and if the engagement was broken without lawful justification, the person responsible could be sued for damages for breach of promise
Answer:
a. Private Property Rights
b. Political Stability and Rule of Law
c. Open and Competitive Market
d. Private Property Rights
Explanation:
a. By defining private property Rights and giving people a chance to own resources, Individuals will strive to own more and more of such rights and so will produce as much as they can so as to afford such rights.
b. When a nation is Politically stable and respects the Rule of Law, investment payoffs are easier to predict than in a country where instability can threaten to degrade investments such that the payoffs will be lost. For example, think of all the Western firms that lost money when the Shah of Iran was overthrown by the Ayatollah.
c. Specialization is more likely to occur in nations with Open and Competitive Market. An Open Market means that goods can come in from the outside easily. This will have the effect of the country being able to import goods that cost a lot to produce locally and instead focus on producing those goods that they are well adept at producing. This is Specialization. Also as a result of competition, companies will strive to find better ways to make profit above competitors and come up with more efficient ways of Production as a result.
d. The Xiaogang Agreement refers to an agreement by farmers in Xiaogang to subdivide their lands in secret so that they would each own a small part of it. As a result, the farmers had an incentive to produce for themselves as they now owned resources that they could benefit from. This right to Private Property led to a huge boom in Agriculture.
Answer: A. Controlling inflation
Explanation: It controls inflation to avoid a recession.
Nineteen-year-old Devon can tell to his parents on giving the disapproval of credit card that He needs a credit card if he wants to make any online purchases.
<h3>What is credit card?</h3>
A credit card is one that is offered to consumers and applied to make acquisitions with the thought that the cardholder will eventually return to the card issuer.
This return eventually for the cost of the things purchased, as well as any agreed-upon fees and interest, if any.
In the above case, Nineteen-year-old Devon wishes to acquire a credit card, but his parents feel it is not a smart idea.
What fiscally sensible argument can Devon present should get his parents to require a credit card if he intends to make any online transactions.
Therefore, option C is correct.
Learn more about the credit card, refer to:
brainly.com/question/27350251
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