Answer:
an offer and an acceptance
Explanation:
Here, in this particular case, the valid contract will require an agreement i.e. an offer and an acceptance which is further backed personally by the legally adequate consideration that is made by the individuals or groups that tend to have legal competence to embark into a contract, and thus the legal ambition.
Question Completion:
Domestic Market for Steel, Alpha
Qs P Qd
60 5 10
40 4 20
30 3 30
20 2 40
10 1 50
Domestic Market for Steel, Beta
Qs P Qd
80 5 20
70 4 30
60 3 40
50 2 50
40 1 60
Answer:
Assuming that Alpha and Beta are the only two nations in the world, at the equilibrium world price:
Beta will export steel and Alpha will import steel.
Explanation:
a) Data and Calculations:
Domestic and World Market for Steel
Alpha Beta World Market
Qs P Qd Qs P Qd Qs P Qd
60 5 10 80 5 20 140 5 30
40 4 20 70 4 30 110 4 50
30 3 30 60 3 40 90 3 70
25 2.50 35 55 2.50 45 80 2.50 80
20 2 40 50 2 50 70 2 90
10 1 50 40 1 60 50 1 110
b) In the world market, equilibrium will occur at a price of $2.50, when the quantity supplied and demanded will be 80. At this equilibrium price of $2.50, Alpha will supply 25 units, and Beta will supply 55 units. Alpha will demand 35 units, and Beta will demand 45 units. This implies that Beta will supply more than its demand for steel, while Alpha will supply less. Therefore, Beta will export steel and Alpha will import steel.
The maximum fine for a first non-driving alcohol-related offense of possession or consumption of alcohol by a minor is $500. Option C
This is further explained below.
<h3>What is
minor?</h3>
Generally, A person who has not yet reached the age of majority is considered a minor under the law. While the legal age of the majority varies by country and context, it is typically 18 years of age.
An amount that must be paid as restitution for an infraction The driver was required to make a monetary payment for the speeding ticket. Furthermore, forfeiture or penalty is paid to an injured party in a civil lawsuit where that party was found to be at fault. it may also be: a settlement reached in a made-up lawsuit that serves as a method of transferring property ownership.
In conclusion, Option C imposes a maximum punishment of $500 for a first offense of underage alcohol possession or consumption that does not include driving.
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Answer:
The statement is: False.
Explanation:
Employees are highly motivated when their work is recognized, even if minimal. Managers must find ways to set a scheme of rewards among their teams so they best performers will receive an extra incentive for their dedication. That reward does not necessarily has to do with providing more money in their paychecks but could be recognition, promotions or assigning them more complex duties to make them feel important.
<em>The more the benefits they perceive, the higher the commitment and motivation of the employees.</em>
