Why Is It That You Should Not Tell the Salesperson

question 154

Essay

Why is it that you should not tell the salesperson what you want your monthly payment to be before you negotiate the final price on the car?

Analyze the impact of elasticities on tax efficiency and tax burden distribution.

Interpret economic models, including supply and demand curves, to determine the effects of taxes and government policies.

Recognize the role of government in the circular-flow model of the economy.

Comprehend the implications of different types of government expenditures.

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Definitions:

Forger

An individual who commits fraud by creating or altering a document with the intent to deceive.

Negotiable Instrument

A signed document containing an unconditional promise or order to pay a specified sum of money to a designated person or to the bearer of the document.

Maker

In terms of financial instruments like checks or promissory notes, the maker is the party that promises to pay a certain amount of money.

Bearer

A person who is in possession of a negotiable instrument that is payable to the “bearer” or “cash” or that has been indorsed in blank.