Answer:
D. Contingency fee
Explanation:
A contingent fee is any fee for services provided where the fee is payable only if there is a favourable result. Although such a fee may be used in many fields, it is particularly well associated with legal practice
and generally Contingency means something that could happen or come up depending on other occurrences. An example of a contingency is the unexpected need for a bandage on a hike or something that depends on something else in order to happen.
Price elasticity is the measure of change in the demand of quantity to the price change.
<u>EXPLANATION: </u>
Price Elasticity can be divided as elastic, inelastic and unitary, depending on the relation between quantity and price.
Elastic demand: When the demand changes but is greater than the change in price, then the product is elasticity in nature. The goods that are not of basic necessity are usually elastic.
In-elastic demand: When the demand change is lower than the change in price, then the product is in inelastic demand. Products that are of basic necessity are inelastic ones.
Unitary demand: A product is in unitary demand when the price change doesn't change the product's demand. An example of Unitary demand is medicines.
The Legislative branch embodies two important constitutional principles namely separation of powers and checks and balance. The Legislative branch which includes the House of Representatives and the Senate embodies the principle of separation of powers because it has certain powers that the Executive and Judiciary branches do not have. Example of such is that both the House of Representatives and the Senate have the power to create and pass laws. Another thing is the Senate has the power to approve treatise. In so doing, it is in the separation of powers that the principle of check and balance applies because if all the powers have been vested in one branch like the executive branch then the President and the Vice-President will have the tendency to control everyone and do things according to their whims. For one thing the House of Representatives and the Senate have the power to impeach government officials who is proven guilty of going against the law.
The correct answer to this open question is the following.
Yes, rapid change now outpacing the capability of governments to manage the global economy.
In modern-day societies, rapid changes are demanding almost immediate reactions on the part of governments. However, the reaction capacity of governments is too slow in comparison to the velocity of changes and the frequency of change. Practically, no government office or department is ready to face the changes in technology, modern society demands, trade issues, and economic transition like the one we are facing right now.
One simple example could be the pandemic. No single government saw it coming and most of them faced or are facing serious problems due to the lack of health systems that could attend the pandemic. Indeed, public health systems in most countries were passed by far, creating a complex public health issue.
