I would say social media. :) Hope this helps.
Answer:
b. Allow the parties to rescind the contract
Explanation:
Flo enters into a contract with Global Shipping Ltd. to insure and ship a painting from France to the United States at a certain amount mentioned in the contract. However, Global Shipping Ltd. makes a mistake in calculating the costs. As a result, a contract price is equal to the amount that is $1,000 less than the true cost. Most likely, a court would allow the parties to rescind the contract.
Option b. is correct.
Answer:
C. They buy the stuff they want in the goods and services market and sell their labor in the resource market.
Explanation:
The circular flow model describe how money moved around/distributed within society.
Every households can play the role as consumers and producers within the circular flow model.
As a consumers, households use their money to purchase goods and services from other producers. As a producers, households sell their labors to another business in exchange of salary/wage. The salary that the households receive will be circulated back when they purchase another goods/services and the cycle will keep going on.
Answer:
c) $5 million
Explanation:
The computation of expected net profit is shown below:-
For computing the net profit first we need to compute the profit which is shown below:-
Profit = $50 million - $10 million
= $40 million
Expect net profit = Probability of success × Profit + Probability of unsuccessful × Loss
= $40 × 0.3 + (-$10 × 0.7)
= $5 million
Therefore for computing the expected net profit we simply applied the above formula.
Think of competitors that sell the same thing, for example Pacific Coffee or Pretz.
