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Author Question: Susan finally settles upon Valmira because it has a stable business environment. Which of the ... (Read 178 times)

jeatrice

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on: Jul 7, 2018
Susan finally settles upon Valmira because it has a stable business environment. Which of the following factors, if true, proves her decision to be a good one?
 
  A) Valmira does not enforce any product liability laws.
  B) Valmira's legal system protects individual property rights satisfactorily.
  C) The business laws of Valmira are flexible and can be interpreted according to the comfort of government officials.
  D) The government of Valmira does not allow the private sector to flourish.

Question 2

In the context of the sensitivity of demand for a product relative to changes in income, a coefficient greater than 1.0 conveys a(n) ________.
 
  A) surplus product
  B) economic equilibrium
  C) economic surplus
  D) income-elastic product


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wfdfwc23

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Reply #1 on: Jul 7, 2018
Answer to Question 1

B

Answer to Question 2

You are a life saver.


jeatrice

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Reply 2 on: Jul 7, 2018
Thanks for the timely response, appreciate it

Mochi

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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