Answer:
savings account
deposit
Explanation:
Interest is the money earned when deposits or savings stay in a financial institution for some time. Financial institutions such as commercial banks pay interests to encourage the public to save and keep deposits in their bank accounts. Interest earned is determined by the amount of deposit or saving, the interest rate offered, and the duration of time the money stayed in the bank.
A high-interest rate is attractive to the public as it earns more interest. Financial institutions compete for deposits and saving by offering better interest rates.
Answer:
The correct answer is option C.
Explanation:
Market failure refers to the situation when the market is not able to efficiently allocate resources and the government has to intervene. Market failure generally happens because of the presence of externalities.
When the marginal social cost is greater than the ability and willingness to pay, the market will fail to optimally allocate resources. The government, as a result, will intervene.
The government will use vouchers which will cause the marginal private benefit curve to shift upwards by the size of the per-unit voucher.
An example of the information effect is when bmw gained in-depth information about visitors to a popular chinese social media site, and used that information to determine which visitors were likely to be luxury car buyers and targeted advertising toward them.
The information effect can change a persons perception or idea in a good or bad way depending on the information that is shared with them. They are able to tailor information to their audience and can build up or tear down expectations depending on their overall goal of the advertisements. A good advertiser knows their audience and tailors advertisements to fit their wants and needs.
Answer:
D. go on vacation to the beach
