Your 15-year-old brother comes home with the great news that he has decided to buy his first car and has just agreed to give $10,000 to a complete stranger. he signed the contract and just needs to pay the stranger and pick up the car. your dad is upset and calls the stranger to tell him your brother will not be buying the car. the stranger can:

In this case the stranger should disregard the contract.

The key piece of information in this question is that the purchaser is only fifteen years old. In order to enter into a contract both parties must be 18 years old. Since the signer in this case is not 18 the contract is not valid.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

fractionally backed paper money

fiat money

paper money

metallic money