Answer:
In economics, nominal value refers to the current monetary value and does not adjust for the effects of inflation
Explanation:
Answer:
The US is the largest economy in the world, but it only represents about 1/4 of the total. That means that the opportunities of earning higher profits and effectively using all their resources increases dramatically when you serve the whole world. E.g. Apple is the mot valuable firm in the world and about 60}% of its revenue comes from foreign markets. Something similar applies to most large corporations, that would be much smaller and less profitable is they only served the US market.
Answer:
Hospitality provides essential services (i.e., lodging and food) for travelers, whether they are on the move for reasons of necessity, leisure or luxury. Hospitality is a major factor in every vacation and business trip, and is thus important to individual customers and to businesses.
Answer:
D) Broker
Explanation:
A broker is a person who coordinates buyer and seller. A broker tries to improve communication between those two parties so that the transaction is successful, but he does not take part in the transaction and only charges a small comission fee.
In the question, Tony is a classical example of a broker because he does not take any equipment for himself, does not incurr any debt, and only coordinates the parties, and likely charges a small fee after the transaction is finished.
