A home mortgage is considered a secured loan because it is backed by __________.

Answers

Answer 1

Answer: It is backed by collateral, and in this case since it is a home mortgage, the collateral is your home. That means that if you don't pay your loan monthly payments on time or don't pay them at all, then they can take your home away and you can end up on the streets. That's why it is secured, it is secured for the bank, not for you.

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What are the characteristics of a Market Economy?

Answers

In the United States, we have a market economy. A market economy is when all the resources are owned individually. Does that help?

Answer:

A market economy is when all the resources are owned individuallyExplanation:

Comparing international trade with trade among the different states of the united states shows that a. There is no need to study international trade as a special subject. b. The basic reasons for trade are equally applicable within a country or among countries. c. The logic of international trade is quite different from that of intranational trade. d. All of the above are correct.

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The logic of international trade is quite different from that of intranational trade

True or False:If the price of a product goes up by 10% and the quantity demanded goes up by 20% the product is an inferior good.

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False.

If the price of a product goes up by 10% and the quantity demanded goes up by 20% the product is a GIFFEN GOOD.

An inferior good is a good that decreases in demand if income increases. These are the goods that people opt not to buy when their purchasing power increases.

What is the term utilized when union workers refuse to work due to contractual disagreements? A. Sunshine law
B. Strike
C. Labor law violation
D. WPA Act

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B. Strike workers in a union are allowed to go on strike when there are disagreements about contracts. They are actually forced not to work and are replaced with people called s c a b s.

John developed a food additive that replaces processed sugars. He granted the right to use this additive to a major cereal manufacturer, and John now receives a $0.50 royalty for every box of cereal sold that contains this additive. What is this an example of?

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Answer: Licensing

Explanation:

John's ingredient is his intellectual property. By giving the right regarding the usage of the ingredient to another business entity and by receiving a sales volume related royalty payment for each box sold, John is involved in a licensing agreement.

Two parties are involved in each licensing agreement: the licencor and the licencee. In this example, John is the licencor and the cereal manufacturer is the licencee. Both of the parties sign the licensing agreement, which is active over a specified amount of time.

Licensing is not to be confused with franchising. It refers to a specific business model when the franchisee operates under the brand (logo and trademark) of the franchiser, but essentially keeps its independence branch-wise. Best examples are McDonald's and KFC.

Which of the following steps of the strategy development process for exports involves performing market research and interpreting results obtained from the research?a. identification of a potential market
b. match the needs of the market to the company's abilities
c. initiation of meetings
d. commitment of resources

Answers

Answer:

the correct answer is

a. identification of a potential market

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Charlotte paid $4 for a movie download. The monetary amount is the download's _____ .accounting cost opportunity cost retail price