Answer: Option (c) is correct.
Explanation:
When interest rates fall then firms want to borrow more for new plants and equipment and households want to borrow more for home building.
If there is a fall in the interest rate in an economy this will make the loans cheaper.
So, every individual wants to grab this opportunity by taking cheaper loans for various purposes such as home building, buying new plants and equipment, etc.
Hence, firms take an advantage of the lower interest rate by making investment in plants, equipment and machinery.
Whereas households also want to borrow from banks at lower interest rates for building their home. Because it will become cheaper for them to take loan at the ongoing lower interest rate.
What should be the basic goal of a firm when it sets a level of output?
The firm should make sure that it maximizes its profits. Maximizing profits means they are making the most they possibly can with the items they are selling or services that are being offered. When they make their overall goals, they need to make sure they are going to be making as much as they possibly can to acheive their long-term goals.
Answer:
<em>Quasi Contract</em>
Explanation:
A quasi contract <em>is a two-party retroactive agreement that has no prior commitments to each other.</em> A judge creates it to correct a situation where one party at the expense of the other obtains something.
The agreement is intended to prevent one party from taking undue advantage of the situation at the expense of the other party.
Answer:
Mercantilism
Explanation:
Mercantilism is a national economic policy that is designed to maximize the exports, and minimize the imports, of a nation.
<span>Retired people will be draining the U.S. economy of wealth. This is due to the quality of workers that are in the current generations to keep contributing to the Social Security System. Social security checks is given back to those who have paid in their contributions and have since retired. To keep funds available for more generations, those currently working need to contribute to the system as well. However, that is getting harder for the current generations to keep up with by either not working or not paying taxes. </span>
