Answer:
Peer pressure.
Explanation:
Peer pressure: It is a common cause of employee resistance to change. This emotion is created by someone we already know to act in a certain way. The changes are influenced by an individual by a peer. Peer pressure brings changes to the attitude, behavior, values, taste, preference, etc. Even marketing companies use this influential pressure on the customer to make a purchase of particular goods available in the market.
In the given case, Min was influenced by her peer Tyler, who is direct getting affected by the change in product approval system, therefore, Min speaks out against the new system.
According to Prof. St. Clair, allowing Lehman Brothers to fail in 2008 breached the Fed's primary mandate, and worsened the financial crisis of 2008.
<h3>What caused the Lehman Brothers' failure?</h3>
The main cause of the failure of Lehman Brothers Investment Bank was its involvement in the subprime mortgage market.
Lehmann Brothers recorded unprecedented loss due to the 2008 subprime mortgage crisis.
The investment bank held onto large positions in subprime and other lower-rated mortgage tranches when securitizing the underlying mortgages.
Thus, according to Prof. St. Clair, allowing Lehman Brothers to fail in 2008 was a terrible decision because its failure breached the Fed's primary mandate, and worsened the financial crisis of 2008.
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Those decisions should be based on COSTS AND BENEFITS.
In making decision on which course to follow, the decision made will be based on the costs of the products involved and the benefits that each one of them has to offer. The product with the lowest cost and the highest benefits should be chosen.
Answer: d. income elasticity of demand for that good.
Explanation:
A good is a normal when an increase in income leads to an increase in demand for the good and inferior when an increase in income leads to a decrease in demand for the good. Thus, to determine whether the good is normal or inferior we use income elasticity of demand for that good. If income elasticity is positive the good is a normal good. If income elasticity is negative, the good is inferior.