The equilibrium between possible threats and prospective compensation is known as risk/return trade-off.
Credit CARD Act
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Protects consumers from unfair credit card billing practices.
Patriot Act
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Prevents, detects, and prosecutes international money laundering
Identity Theft and Assumption Deterrence Act
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Criminalizes identity theft
Dodd-Frank Act
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Educates consumers so that they can protect themselves from unfair practices.
Answer:
Explanation:
Pizza quantity Change = 60-50 = 10
Income change = $12000 - $10000 = $2000
Mid point of Quantity of Pizza = (50+60)/2 = 55
Mid point of income = ($12000 + $10000)/2 = $11000
Income elasticity = 10*11,000/2000*55 = 110,000/110,000=1
Pizza is a unit elastic normal good, because percentage change in income = % change in pizza quantity
In pursing its own interest, an oligopoly firm will decide to increase production by 1 unit as long as the output effect is larger than the price effect. An oligopoly happens when there is limited competition because there are only a small number of producers or sellers in the market. Due to limited competition there is no need for most of these businesses to produce more unless the output is going to produce more and become sustainable for their consumers demand.
