A service contract is an agreement between a business and a consumer to cover the repair costs of a product. Also extended warranties, not are not warranties. For a fee, they insure the buyer against losses due to the cost of certain repairs. What are some of the pros and cons of service contracts? Include a personal example, in which you have purchased or declined a service contract.

A substantial initial response comprising a minimum of 100 words is required. Your initial response must be formatted using APA format standards and it must contain at least one reference.

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. During the Second World War, Germany’s factories were decimated. It also suffered many human casualties, both soldiers and civilians. How did the war affect Germany’s production possibilities curve?

Q. 2. What assumptions about the economy must be true for the invisible hand to work? To what extent are those assumptions valid in the real world?

Q. 3. Are differences in geography behind the differences in absolute advantages?

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