Answer:
Fictitious payee rule
Explanation:
Fictitious payee rule applies when a person cause an instrument to be issued to a person(payee) who has no valid reason to receive the payment or no interest in the instrument, this ensure forgery of the payee's name will then be effective to pass the instrument to the transferees later as we can see in the case of Maria, she included the name of her maid for the purpose of using the check for herself and not for the sake of Carolyn
Answer:
A. relatively more inelastic because water is a necessity
Explanation:
Inelastic goods refers to the type of goods which demand wouldn't move that much regardless of the price change.
This tends to be the case for every products that are considered as necessity.
If let's say the price of water is $1 per bottle. We all know that every human being need to drink at least 1.5 L of it to stay alive. If all producers of water decided to raise the price into $2 ,the customers would most likely still purchase it. They have no choice.
<em>The correct answer is b. quotas. This is the a limit of quantity of a product coming into a country that a goverment imposes in order to protect domestic producers. However, quota causes an important profit lost because the goverment does not earn a tax revenue, so it is less frequently used than the tariffs. </em>
