Rebecca contracted Matthew Properties Inc. to repair her apartment for $20,000. On completion of repairs, Rebecca observed that the garages and the attic had not been repaired. Although the contract stated that Matthew Properties will repair the garage and the attic thoroughly, Rebecca did not raise the issue. She instead made a full payment for the services rendered. In this scenario, Matthew Properties Inc. has been discharged from obligations of repairing the garage and the attic by a(n):

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

How do communism and socialism differ in terms of the role that government plays in the economy ?

In the fall of 2008, aig, the largest insurance company in the world at the time, was at risk of defaulting due to the severity of the global financial crisis. as a result, the u. s. government stepped in to support aig with large capital injections and an ownership stake. how would this affect, if at all, the yield and risk premium on aig corporate debt?