Answer: A land contract.
Explanation:
A land contract is a method of property sales where, the seller of the property, finances the sales of his property to the buyer, but keeps possession of the property until the buyer has completed payments on the property's purchase.
Land contract involves the buyer paying by installments for the property until full payment is made.
Answer:
A. Italy has a comparative advantage over the United States in producing wine.
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared with other countries. A country should specialise in the production of the good for whuch it has comparative advantage in and import goods for which it doesn't have comparative advantage in its production.
If Italy has comparative advantage in the production of wine and the US doesn't, Italy should produce wine and export to the US. While, US should produce pasta and export to Italy, if has a comparative advantage in the production of pasta.
A country has absolute advantage in the production of a good or service if it produces more quantity of the good when compared with other countries.
I hope my answer helps you
The importance and benefits of valuing and promoting cultural diversity in work with children and young people are the following:
1. It promotes equality with the rest of the cultures.
2. It creates awareness of the different cultures of other races. With the awareness, children would gain respect for other races.
3. It creates a positive working environment.
The decision to build the park or not would be based solely
on the cost – benefit relationship of this project. Since there is no other
factor considered in this problem, you only need to see if the benefit of
constructing the park would exceed its cost. In this problem, the cost to
construct the park is $20,000 while the marginal benefit would be $24,000
($8,000 x 3 families that can benefit from this project). Therefore, you can
say that the benefit has exceeded its cost. As a conclusion, the neighborhood
park should be built because it benefits the families living in that area more
than its cost.
Answer:
market economy
Explanation:
A market economy refers to the system in which supply and demand regulations direct commodity and service development. Supply involves natural, capital and labor. Demand involves customer, corporation, and government procurement.
In other terms, a market economy refers to the economic system in which innovation, manufacture and distribution choices are driven by the market mechanisms generated by market forces powers. The main feature of a market economy is really the presence of variable markets which play a leading role in allocating capital and output factors.
