B) High-directive–low-supportive
C) Zero-sum
D) Win–win
Answer:
The answer is: D) Win - Win Scenario
Explanation:
In a win - win scenario every actor (both Mark and Emergo Systems) will "win" or gain from a situation. It´s the type of situation where both parties gain more by acting a certain way than what would have won by acting differently.
Mark is very motivated to finish his sales daily target so that he can go to his piano practice lessons. So he probably works harder than usual and completes his job early (Emergo Systems wins). By doing so he also gets a prize. Both win, Emergo Systems sells their product and Mark plays the piano.
Answer: voluntary trade
Explanation:
Answer:
Inferior goods
Explanation:
If during the recession, despite falling income levels, the fast-food chain Subway experienced increased sales; then the increase in demand for Subway sandwiches despite the decline in income indicates that Subway sandwiches are considered inferior goods.
Income elasticity is an economic principle which states that 'normal goods have their demand increase when the income of consumers increase while inferior goods are those goods that have their demand increase when income falls'
It suggests that consumers could not afford healthy meals during the recession because of their decrease in income, hence, they had to eat more of affordable Subway sandwiches.
ANSWER: There are many ways how entrepreneurs benefit the economy. Few of them are
1) Create Jobs: Entrepreneurs create jobs in the community. When someone opens a new business or expands his new business, he will need human resource to help him to do his works.
2) Wealth Creation: Entrepreneurs pool in their own money and attract investment from lenders, banks and other investors. This mobilizes public wealth.
3) Exports: Entrepreneurs after growing in their businesses will want to export their products as a part of extending their market. This will help gain foreign currency in the country.
Answer: $150
Explanation: Opportunity cost can be defined as the cost of loosing profits by not choosing the second best alternative over the best alternative. Every resource can be used for different alternatives and when an individual chooses one of those many alternatives, the potential loss of gain from the rejected ones is opportunity cost.
In the given case, the individual is holding the money in cash for use but if he had deposited it in a bank he could be eligible for interest. The amount of interest that he looses is his opportunity cost.
Thus, the amount of opportunity cost is $ 150.