Answer:B
Explanation:
This is because as one's income increases his aggregate demand also increases as they both have direct relationship with each other.
<u>Answer:</u> Production possibility curve
<u>Explanation:</u>
Production possibility curve (PPC) is a graph which represents the various combinations of output that can be made with the given resources and technology. PPC can also be called as Production possibility Frontier. PPC can be used to find the maximum possible production capacity of the firm.
PPF is utilized by the government to make efficient production as it produces only products and services it is best qualified to produce. The resources which are the inputs such as raw materials, labor, skills etc can be efficiently used with PPF.
Answer:
In this scenario, the following options are correct:
c.To avoid creating legal liability for your company.
e.To make the receiver understand the bad news.
Explanation:
- In our case, the options c and e are correct because if we are in a agreement with the shipping company then we have to fulfill the legal requirements and other obligations so that we don't have to face the legal issues in this case.
- Moreover, the letter will make the company full aware of the situation that why we are terminating our business relationship with them so that all the things remain clear.
- All other options are not valid in our scenario, like option a because we don't want to continue more correspondence with them due to their bad services. Similarly, the letter is intended to make them understand we don't want more business with them. We don't want the company that we are angry as it is not enough rather we do want to understand the whole scenario that they are not doing good business as well as we are going to end business with them.
Answer:
A lack of skill in business may have many negative socio-economic impacts, both at the societal level, and at the individual level.
Explanation:
At the societal level, this lack of business skills may produce a society in which entrepreneurship is low, which causes the private sector have poor dynamic, and economic growth to be sluggish. This can create an array of negative socio-economic issues from unemployment, to poverty, to income inequality.
At the individual level, lack of business skills represents a handicap for individuals who would like to become business owners, but are thus unable to do so effectively. Their business may fail very quickly, leaving individuals in debt, or they may simply not start businesses at all, and be employees all their lives.