Answer:
C. an implied contract
Explanation:
Based on the scenario being described it can be said that the chief issue is most likely to be whether these parties had an implied contract. This type of contract refers to when two parties have an agreement but there is no written contract existing regarding this agreement, instead the law enforces the contract and makes sure that the details are fair to both parties.
Answer:
national income is the income received by households less personal taxes,,
Answer: Any combination on the production possibilities frontier that brings the highest level of satisfaction to the people in the economy.
Explanation:
The Production Possibilities Frontier depicts the quantities of two goods that can be produced given that resources are limited and being used to produce the same goods.
Allocative efficiency therefore is any point on this frontier that brings the highest level of satisfaction to the people based on their needs and wants. For instance if people want more clothing than cell phones they should pick any points from B to E.
So long as it is on the PPF, there is Allocative efficiency.
Answer:
D. Provide free weekly catered meals for the homeless
Explanation:
Answer: The correct answer is B) He might have to purchase a less-expensive car.
Explanation:
Increasing interest rates make the process of borrowing money less desirable. Since people usually borrow money for major purchases, the correct answer would be that <em>Joe might have to purchase a less-expensive car.</em> People often use credit to buy a car, and since all of the other options involve much less-expensive situations, we can determine that this is the correct answer.
