Answer:
The correct answer would be option D, Consumers.
In the game of economics, producers get information they need to determine how much people are willing to pay for a good or service from Consumers.
Explanation:
In the game of economics, consumers are the ones who will consume the products produced by the companies/producers, and they are the ones who will determine how much they are wiling to pay for a good or service.
For example, if a product's price is set at 5 dollars but no one is willing to pay 5 dollars for that product, then producers have to lower the prices to meet the customers' demands, and to sell their products.
So in this way, customers determine the prices of the products.
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Answer:
As factors of production, the reward for land is rent, capital is interest, labour is wages and salaries and entrepreneur is profit.
Structural Unemployment is one that is permanent or long lived and Cyclical Unemployment does not have enough demand in the economy.
Explanation:
Structural unemployment results with a permanent dislocations within markets and a mismatch between skills in growing company needs. When the overall goods and service in an economy cannot support full employment that results with Cyclical unemployment.
The difference between Europe and US is, US has 50 states under one country whereas Europe is a union between countries.
Krugman uses the tax savings to buy their own stock, The evidence is overwhelming.
Answer:
The answer is: The insurer should be guaranteed positive economic profits.
Explanation:
The insurer (or insurance company) like any other company in the world, is not 100% sure they will make a profit from a business transaction.
For example, a person that takes a life insurance policy for $1 million might die due to an accident, and the insurance company will lose money with that specific client.
Each van carried 11 students and each bus carried 45 students
