D Bc it is d is why it is d is correct
I believe it is C, hope this helps!!
Answer:
The correct answer is letter "D": explains most of the differences in the standard of living across countries.
Explanation:
Productivity is an economic term that describes the relationship between output and inputs needed to produce those outputs. It measures effectiveness. The total production of a country given a period is calculated in its Gross Domestic Product (GDP).
When the GDP is divided by the total population of a country it is called GDP per capita which reflects the average expenditure of individuals. This metric allows having an idea of what the lifestyles of those people are. Usually, <em>smaller wealthy countries such as Switzerland have higher GDP per capita showing a better quality of life.</em>
Taxing a good with relatively less elastic demand, helps government to raise more revenue with lower welfare loss.
Answer:
Franchise
Explanation:
This is a business arrangement where the owner of a successful business gives the right (through special business and legal arrangement) to another, to run such business in a specified location using his brand name in accordance with agreed terms and conditions. Under this arrangement, technical support and training are always provided by the franchiser.
The franchisor charges the franchisee a fee for the right which in most cases is periodic. The franchise is renewable.
