Answer:
A) Free-market
Explanation:
The free-market economic system primarily relies on prices for allocating resources and goods. In a free-market system, individuals and businesses are free to make their own economic decisions, and prices are determined by the interaction of supply and demand in the market. This price mechanism serves as a signal for resource allocation, as prices adjust according to the scarcity or abundance of resources and goods. As a result, resources are allocated based on consumer preferences and the willingness to pay, leading to a decentralized and efficient allocation of resources.
Free-market economic systems primarily rely on prices to allocate resources and goods, using the forces of supply and demand to signal and guide producers and consumers.
The economic system that primarily relies on prices for allocating resources and goods is the Free-market system. In this system, prices are determined by the forces of supply and demand, without any government intervention. These prices, in turn, guide producers to allocate resources efficiently, and they also signal consumers about the cost and value of goods and services. An example of a country that predominantly uses the free-market system is the United States, although it also includes certain mixed economy elements.
economic freedom?
Answer:
The benefit are
1. free markets,
2. rule of law,
3. protection of private property,
and
4. open trade—
that boost prosperity and reduce costs
Explanation:
Please mark me as brainlist answer
Answer:
E) cross-fertilization of diverse cultures
Explanation:
Cross-fertilization of diverse cultures refers to several cultures mixing together and the result of that mix is that the best qualities or characteristics of each culture are absorbed by the other cultures.
This is a similar concept to the melting pot theory in the US, where diverse immigrants interacted together and they were able to get the best out of each other's culture.
The correct completion for the characteristics of globalization would be 'cross-fertilization of diverse cultures'. It reflects how globalization blends different cultural experiences through increased interaction and exchange.
The question 'Successive waves of globalization include characteristics such as the expansion of trade, the diffusion of technology, extensive migration, and _____.' asks for an answer that completes the statement. The correct option that represents a characteristic of globalization is the cross-fertilization of diverse cultures.
Globalization not only entails the growth of international trade and the spread of technology but also includes the blending and exchange of different cultural experiences, ideas, and values as people and products move around the globe.
Technological globalization has been propelled by technological diffusion, which has led to greater communication and information sharing, hence fostering cross-cultural interactions.
Additionally, the improvement in transportation and the establishment of international agreements have made it easier for people from different cultural backgrounds to interact and merge their cultural practices, leading to greater cultural diversity and the cross-fertilization of cultures.
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A patent is good for 20 years from the filing date of the application in the United States. However, this does not match the options you provided (5 years, 7 years, 10 years, 17 years). Please double-check the options and let me know if there are any updates or corrections.
Whoever invents or discovers any new and useful process, machine, manufacture, or composition of matter, or any new and useful improvement thereof, may obtain a patent therefor, subject to the conditions and requirements of this title. There are three types of patents: utility, design, and plant. A U.S. utility patent, explained above, is generally granted for 20 years from the date the patent application is filed; however, periodic fees are required to maintain the enforceability of the patent. The term for which a utility patent is valid is generally 20 years from the date of filing, and the term for which a design patent is valid is generally 15 years from issuance. However, this does not match the options you provided
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Payday loans payment method typically charges the highest interest rates, which charge interest rates of 391% APR or more.
Hence, the answer is D.
Payday loans typically charge interest rates of 391% APR or more. This means that if you borrow $100, you will pay back $391 in interest over the course of the loan.
Credit cards typically charge interest rates of 16% to 25% APR. Prepaid cards and cashier's checks do not charge interest.
Here are the interest rates of different payment methods:
Payday loans - 391% APR or more
Credit cards - 16% to 25% APR
Prepaid cards - 0% APR
Cashier's checks - 0% APR
It is important to be aware of the interest rates associated with different payment methods before you borrow money. Payday loans are a very expensive way to borrow money, and they should only be used as a last resort.
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Option (d) is correct. Payday loans typically charges the highest interest rates.
Further Explanation:
Payday loans:
Payday loans are short-term in nature and has a high interest rate. These loans are granted in a very short period of time and the borrower pays when he/she gets his/her next paycheck. These kind of loans charge high interest rate because they are granted very quickly. The loan amount does not exceed the salary of the borrower.
Justification for the correct and incorrect options:
a.
Credit card: This is an incorrect option.
Credit card charges interest but their rate of interest is lower than the payday loans.
b.
Cashier's checks: This is an incorrect option.
Cashier’s check does not charge interest but charges a small amount of fee.
c.
Pre-paid cards: This is an incorrect option.
Pre-paid cards does not charge interest.
d.
Payday loans: This is the correct option.
Payday loans charges high interest for a short-term loan.
Learn more:
1. Learn more about the money owed to the credit card company
2. Learn more about the common credit card fee
3. Learn more about making an on-time minimum payment of credit card
Answer details:
Grade: Senior School
Subject: Business Studies
Chapter: Money and Banking
Keywords: payment, method, typically, charges, highest, interest, rates, credit cards, cashier's checks, pre-paid cards, payday loans.
Liabilities.
Owners' equity.
Contra receivables.