<span>The answer to this question is
importing/exporting strategy. Importing is when a product is being brought into
the country because they lack of these products or services. While in
exporting, this is when a business is increasing its market by supplying its
products and services to a different country.</span>
Answer:
b
Explanation:
Another definition:
It is the purchase price of an asset + the costs of operating the asset
Answer: D
If you add 300 + 500 + 280 and then subtract the answer from 1,970 you will get your answer.
Answer:
False
Explanation:
Igor did nothing wrong. He performed a reverse engineering process which is totally legal. A reverse engineering process happens when a manufactured object is deconstructed in order to find out how it was designed or manufactured.
This process is very similar to scientific research, only that it is carried out on man made objects.
Answer:
The income effect and substitution effect work in opposite directions and income effect is dominant.
Explanation:
In case of a normal good, both the income effect as well as substitution effect work in the same direction. A fall in the price of a product will increase the purchasing power of the consumer so its quantity demanded will increase.
The consumers will also prefer the cheaper good so the substitution effect will cause the quantity demanded to increase.
In case of an inferior good, however, income elasticity is negative. The income effect and substitution effect work in opposite directions.
A price decrease in the case of an inferior good will increase the real income and purchasing power of the consumer. This will cause the quantity demanded of the inferior good to decline as the consumer will prefer a substitute normal good.
