Revolving credit is open.
<span>Most credit cards are unsecured.
The answer should be OPEN AND UNSECURED
</span>
<span>A person using an unsecured credit card is not spending his own money right away whenever he uses the credit card. Instead, he is borrowing money from his/her bank; more like he/she takes out a loan whenever the card is used, which he is expected to pay back so as to maintain a trustworthy credit history.</span>
Answer: a. True
Explanation:
The desirability function method is used in industrial sectors in order to make multiple response processes efficient. It is solely due to the idea that a product has multiple quality characteristics and one of them could be outside desired limits which is completely unacceptable. The method provides the desirable response value.
On the desirable curve, the desirability score of some responses/ consequences are plotted. When these are connected, other possible responses/consequences desirability curve is shown.
In long-run equilibrium, monopolistically competitive firms will have excess production capacity.
What is Monopolistic Competition?
When a large number of businesses provide competitive goods or services that are comparable but imperfect substitutes, monopolistic competition exists.
A monopolistic competitive industry has minimal entry requirements, and decisions made by any one firm do not immediately affect those of its competitors. The price and marketing choices made by the competing companies serve as their points of difference. Between a monopoly and perfect competition, monopolistic competition exists, combines aspects of both, and comprises businesses with comparable but distinct product offerings. Industries with monopolistic competition include those in restaurants, hair salons, household goods, and clothes.
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Answer: (D.) The Iberian economy is going through a period of deflation.
Explanation:
Real interest rate can be denoted using the following formula. i.e.,
Real interest rate = Nominal Interest rate - Inflation.
∴ In this particular case the Real interest rate will rise only if the economy is going through a period of deflation and deflation rate is larger than fall in interest rate.
Answer:C.TINSTAAFL Rating
Explanation:
