Answer:
C) The invisible hand
Explanation:
Daniel here seeking to produce and increase his welfare is "led by an invisible hand" to negotiate with his suppliers and to sell goods to his neighbors in a way that everybody is better off as a result from these transactions.
This is also a clear example to what Adam Smith was referring to the invisible hand:
"in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was not part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. " Adam Smith, The Wealth of Nations, Book 4, Chapter 2
Answer: Licensing
Explanation:
John's ingredient is his intellectual property. By giving the right regarding the usage of the ingredient to another business entity and by receiving a sales volume related <em>royalty payment</em> for each box sold, John is involved in a <em>licensing agreement</em>.
Two parties are involved in each licensing agreement: the licencor and the licencee. In this example, John is the licencor and the cereal manufacturer is the licencee. Both of the parties sign the licensing agreement, which is active over a specified amount of time.
Licensing is not to be confused with <em>franchising</em>. It refers to a specific business model when the franchisee operates under the brand (logo and trademark) of the franchiser, but essentially keeps its independence branch-wise. Best examples are McDonald's and KFC.
Explanation:
<em><u>they</u></em><em><u> </u></em><em><u>are</u></em><em><u> </u></em><em><u>in</u></em><em><u> </u></em><em><u>the</u></em><em><u> </u></em><em><u>chain</u></em><em><u> </u></em><em><u>of</u></em><em><u> </u></em><em><u>distribution</u></em><em><u> </u></em>
<h2>
<em><u>channels</u></em><em><u> </u></em><em><u>of</u></em><em><u> </u></em><em><u>distribution</u></em><em><u> </u></em><em><u>are</u></em></h2>
<em><u>manufacturer</u></em><em><u> </u></em><em><u>-</u></em><em><u>-</u></em><em><u>-</u></em><em><u>agent</u></em><em><u> </u></em><em><u>-</u></em><em><u>-</u></em><em><u>-</u></em><em><u> </u></em><em><u>wholesale</u></em><em><u>-</u></em><em><u>-</u></em><em><u>-</u></em><em><u>retailer</u></em><em><u> </u></em><em><u>-</u></em><em><u>-</u></em><em><u>-</u></em><em><u>consumer</u></em><em><u> </u></em>
Answer: Increase and ad will shift right to long-run equilibrium.
Explanation: A decrease in Taxes lead to an increase in the disposable income of the consumers. This results in higher consumer spending at the given income levels. As a result the AD curve shifts to the right towards the long run equilibrium level.
Answer:
the correct is something else
Explanation:
I believe that Jon's estate complex in Entropia could classify as an intangible property.
Intangible property can be defied as property that doesn't have any physical attributes that give them value. For example, a car is a tangible since you can drive it around, but a certificate of deposit is just a piece of paper (or even a computer code) and nothing else. The same applies to bonds and stocks, you know they are valuable but their value is not provided by their physical characteristics. Other intangible property include patents, software, licenses, copyrights and trademarks.
All of these can be extremely expensive, for example Microsoft is worth hundreds of billions and it sells digital ones and zeros.
