Answer:
A narrative summary should include a brief description of the key events and plot points in a story or piece of literature. It provides an overview of the main characters their motivations and the central conflict or problem they face. The narrative summary should capture the essence of the story giving readers an understanding of the overall structure and progression of events. It typically includes the beginning middle and end of the narrative highlighting important turning points or climactic moments. Essentially the narrative summary aims to condense the main storyline into a concise and engaging overview.
c. are unemployed.
d. do not own a business.
B. Have a regular source of income
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(B) supply
(C) demand
(D) scarcity
Problem recognition stage.
This is when the consumer makes a conscious realization that they have a problem which can (hopefully) be solved by purchasing a product or service in the marketplace.
Secured credit refers to credit that is secured by a piece of security, such as a car or a house. This implies that if you mistake on your repayments, the lender has the legal right to take control of your property.
A vehicle loan, which is a loan used to buy an automobile, is an instance of this. An unsecured debt, on either hand, is something that is not secured by anything.
Because the security offers security, interest rates on secured car loans are often cheaper. Furthermore, these loans usually have set interest rates, making it easy to budget for this outlay and prevent getting behind on repayments.
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Secure credit is credit that is given with a connection to a piece of collateral, such as a car or a home. This means that, if you were to default on your payments, the lender would be legally entitled to taking possession of the collateral. An example of this is a car loan, which is a loan that is used to purchase a car. On the other hand, an unsecured loan is one that is not protected by any collateral. This means that the lender cannot immediately take your property of you default on the loan. An example of this is a credit card.
In the case of a secured car loan, interests tend to be lower because of the security that the collateral (the car) provides. Moreover, these loans tend to provide interest rates that are fixed, which means that it is easier to plan for this expense and avoid falling behind on payments. The risk for the lender is less with a secured loan, as he is able to take the property and resell it if the borrower is unable to repay the loan. On the other hand, credit card are riskier for the lender (the bank) as they are unsecured, and this means that they are unable to immediately take any property from the borrower who did not repay. Because of this high risk, interest rates also tend to be high.
The opportunity cost is that he cannot afford the game; the benefit is that he saved $45.
The opportunity cost is $30; the benefit is that he still has $20.
The opportunity cost is that he cannot afford the game; the benefit is that he has the two movies.
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