Answer:
An allocation of labor (L) and capital (K) between two firms that makes the firms' isoquant curves tangent in an Edgeworth box ( C )
Explanation:
A contract curve is a curve on which the various final allocations of two goods or service between two people are represented and this could be mutually beneficial as well. hence the best description of a point that lies on an input contract curve is An allocation of labor (L) and capital (K) between two firms that makes the firms' isoquant curves tangent in an Edgeworth box
Answer:
This scenario best describes a Sales Promotion
Explanation:
Sales promotion is a strategy that involves reducing the price of products to clear out inventories, attract traffic, and to lift sales temporarily.
It could also be used as a medium to introduce a new product,
Same applies when a large rug store, decide to have a sale.
To achieve the aim of sales promotion, the store manager works with the advertising department to make the public aware of the sale.
A proactive manager also makes provision for enough salespeople to handle the increased customer traffic, and ensure that the manufacturers of the product is able to meet expected consumer demand.
Answer:
This is because a change in autonomous expenditure changes income and sets off further changes in induced expenditure.
Answer:
Health reimbursement account
Explanation:
The health reimbursement account is a type of health benefit plan which is funded by the government of the US.
In this benefit plan, the government reimburses the medical expenses that have been paid by the employer from his earnings.
Also, in some cases, the government pays the premium of the health insurance.
Answer:
D. is concerned with the expansion and contraction of the overall economy.
Explanation:
Macroeconomics -
It is the sub branch of the economics , which deals with the economy as a whole complete unit , is referred to as macroeconomics .
The study includes the factors like deflation , inflation , national income , rate of economic growth , gross domestic product etc.
It includes the global economy , national as well as regional economy .
The study helps to deal with problems of economy , evaluation of any economic policies .
Hence , from the given question ,
The correct option is D.
