Answer: Unilateral contract
Explanation: A Unilateral contract is a form of contract where a promise is made by one party to another, this contract is normally on a condition that the receiver of the promise in the contract would complete some task(s), in order to receive the promise.
Mark made a promise to his staffs in the newspaper newsroom to be fulfilled, if the task was accomplished by anyone. Of which Anna completed the task and claimed the promise by the editor.
Answer: option C. side-effect
Externality is an economic term, used to refer the damage or benefit that an individual or community experience, due to the activity of other agents who are pursuing other objective.
For example, when a enterprise burns fuel to produce energy, the increase of CO2 is an externality.
Answer:
acquisition of resources
Explanation:
The strategy that this corporation is using would be considered the acquisition of resources. This is what every multinational company does in order to cut down costs as much as possible. By pursuing and obtaining cheaper labor in a foreign country, the company is cutting down its overall costs. This can be done by also importing other resources from locations in which that resource is abundant meaning it is therefore much cheaper.
Answer:
The answer is: Not reliable because consumers know less than suppliers about used car quality.
Explanation:
Predictions using the supply and demand (S&D) model are reliable when:
- companies sell identical products,
- everyone involved (suppliers and consumers) has full knowledge
- about the price and quality of the products or services being offered,
- both the suppliers and consumers are price takers (have no control to dictate prices), and
- the costs of trading are low
If one or more of these conditions are not met, then the S&D model wouldn´t work properly. In this specific case, the suppliers had much information about the quality of the used cars than their customers.
