Answer:
C). Demand-pull approach.
Explanation:
The demand-pull approach illustrates the 'demand theory' that describes how the demand influences the production and prices of goods and services in the economy.
As per the question, the given situation exemplifies the 'demand-pull approach' as the company assessed the need of parents regarding the safety of their kids and came out with the supply/solution(the device to track their children) to meet the demand. This situation would be categorized as the demand-pull because the company analyzed that such a product would fulfill the parents' need/demand and therefore, took it as an opportunity which solved the parents' concern and became a source of income for the company. Thus, <u>option C</u> is the correct answer.
In a traditional economy, economic decisions are based largely on?
Custom.
Banks don't establish government programs (answer A) - they do all of the other options - they deal with money, so they store and loan it, and they issue mortgages.
The answer is fillibuster
