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Answer:
The correct answer is letter "B": potentially useful in forming economic policy.
Explanation:
Economic models are abstractions that try to simplify phenomena of the real world. Economic models are the assumption that economists make to understand the diverse economic events that occur. Those models could be theoretical or mathematical in some cases.
<em>Economic models can help governments establish economic policies based on facts of the environment and the variables affecting that community.</em>
Answer:
cross-coupon
Explanation:
The type of sales promotion being represented is known as a cross-coupon. This is a redeemable coupon/savings for a specific product and is given to the customer on the purchase of a different product that was made by the same company. This is usually through a tie-in with another manufacturer, in order for them to increase their sales and ultimately their profits by enticing customers to buy more products from the company.
Answer:
1. Comparability: Quality of information that permits users to identify similarities in and differences between two sets of economic phenomena.
2. Timeliness: Having information available to users before it loses its capacity to influence decisions.
3. Predictive Value: Information about an economic phenomenon that has value as an input to the processes used by capital providers to form their own expectations about the future.
4. Relevance: Information that is capable of making a difference in the decisions of users in their capacity as capital providers.
5. Neutrality: Absence of bias intended to attain a predetermined result or to induce a particular behavior.
6. Faithful Representation: Quality of information that assures users that information represents the economic phenomena that it purports to represent.
7. Free From Error: The extent to which information is accurate in representing the economic substance of a transaction.
8. Completeness: Includes all the information that is necessary for a faithful representation of the economic phenomena that it purports to represent.
9. Understandability: Quality of information that allows users to comprehend its meaning.
10. Verifiability: The annual reports of Best Buy Co. are audited by certified public accountants.
