Answer:
A) a product's performance characteristics and attributes for which customers are willing to pay.
Explanation:
Only customers can assign value to a product. A manufacturer can set a product's price, but if the customers do not accept that price and assign a lower value to the product, then they will not purchase it. This applies to every single market situation (except for command economies) including monopolies, free markets, monopolistic competition, etc. Customers value a product depending on its performance characteristics and attributes, e.g. sports cars are value for being fast, Volvos for being safe, compared to other similar products. Customers do not value unique one of a kind characteristics, they value relative characteristics, i.e. the best product has a higher value.
The administrator or executor is representative of an estate which has the capacity to sue and be sued on behalf of the estate.
In bankruptcy, the administrator or executor is the representative whose responsibilities is to possess the asset, pay creditors and distribute the remaining assets or other beneficiaries of the bankrupted company.
Usually, the administrator and executors are appointed when the bankruptcy of a business is declared and ascertained.
Therefore, the administrator or executor acts as representative of an estate which has the capacity to sue and be sued on behalf of the estate.
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Answer:
The answer is: This tax follows: "The benefits-received principle"
Explanation:
There are two principles of tax fairness raised in the question:
+ The ability to pay principles: stating that people should pay amount of tax in accordance with the level of wealth and income they possess.
+ The benefits-received principles: stating that the amount of tax a taxpayer has to pay should be in accordance with the level of consumption of government's goods and services.
By re-visiting two concepts above, we come up with "The benefits-received principle" as the answer.
It is because the resources dedicated to building public clinics specializing in helping alcoholics reduce their alcohol consumption is funded from liquor consumers which is the majority group of people which will consume the services of these clinics.
The long range predictors in the question are:
- Relative monetary growth
- relative inflation rates
- nominal interest rate differentials
The short range predictors in the question are:
- psychological factors
- investor expectations
- bandwagon effects
<h3>What are long range indicators?</h3>
These are the indicators that are able to provide a prediction for the way that an economy would be in the future.
<h3>What are short range indicators?</h3>
These are the instruments that are used periodically to check the economic trends whioch happenly usually more than once in a year.
Read more on economic indicators here: brainly.com/question/903754
