Correct/Complete Question:
Florida has an agreement with some other states which recognizes the similarity in education and experience requirements for licensees. What is the agreement called?
(a) Reciprocity
(b) Mutual recognition
(c) Cooperative licensure
(d) Intrastate licensing
Answer:
B, Mutual recognition
Explanation:
Mutual recognition agreement is an agreement that exists between two or more governments that has all parties agree to recognize each other's assessment results.
As regards the state of Florida in the question, it has mutual recognition agreements with other state(s) in the the area of education and licensing.This means that Florida state has a the process if licensing a real estate agent.
Cheers.
Answer:
d) The change to the equilibrium price of French chocolate souffle is ambiguous and the equilibrium quantity of French chocolate souffle falls
Explanation:
Inferior goods are those goods whose demand falls with the rise in the income of the consumer.
As per the given case, French chocolate souffle is an inferior good. When income of the consumer rises, his demand for French chocolate souffle will fall.
Similarly, when producers of such an inferior good decrease, the supply of French chocolate souffle shall fall.
With respect to the original equilibrium level, the demand curve shall experience a leftward shift i.e decrease whereas the supply curve too experiences a leftward shift i.e supply falls.
At the new equilibrium level, definitely the equilibrium quantity shall fall, but the change in equilibrium price cannot be ascertained as per the given information.
Answer:
The US District Court ruled that this case must be served by a court in Tennessee because:
- Allison was injured while working in Tennessee
- The place where Allison got involved with the defendant is Tennessee, so their relationship took place there.
If the lawsuit had been for a higher amount (at least $75,000), then the case could have been tried by a federal court.
Answer:
Drawing talent from a larger and more diverse pool allows a business to attract and retain the best talent available
Explanation:
Around half of the world's population are women, and that applies to all countries. Buffet believes that American businesses have overlooked women's talent and therefore have missed half of America's talent.
It makes mathematical sense. If you are given the opportunity to choose 5 team members from a pool of 20 people, you will have double the chance of selecting a better team than if your pool were only 10 people.
Besides that mathematical fact, women also have different views than men over most issues, and they are also half of the nation's customers. So it is possible that during the last 200 years, businesses have been addressing half of their customers the wrong way.
