A basic economic model that is used across the world is that of real GDP per capita.
<h3 /><h3>What is the real GDP per capita?</h3>
This is found by dividing the Gross Domestic Product of a nation by its total population.
The point of this is to show the productive capacity of each person in the country on average.
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The answer would be that resource owners are a group of people that live in a single residence (a family for example). These are also consumers of products and services. Meanwhile firms are explained as an organization that creates a good or a service, through the use of resources such as capital. They create goods and services out of factors of production.
ANSWER: Correct Option is (C) [that he or she is getting what he or she has paid for].
EXPLANATION: An express warranty refers to a written or spoken agreement by a seller to a potential buyer of a product or services for a specific time frame. Hence, the express warranties are often included in the seller’s contract.
However, buyers rely on these guarantees (such as product’s; nature, performance, purpose, quality, state and etc) before purchasing the product.
Furthermore, express warrantues can also be created by a simple statement on an advertisement and sometimes signed in a stores.
Lastly, this agreement guaranteed the buyers of getting what they paid for.
