Which of the following is a characteristic of a traditional economy? . a. it encourages innovation and change.. b. it is usually based on light industrial production.. c. it has a high standard of living.. d. it revolves around the family unit

The answer for this would be D, it revolves around the family unit. A traditional economy is guided by traditions, and may barter instead of using money. Most of these economies are in third-world countries. An example of a traditional economy would be the bartering of hunted prey used by the Inuit tribes in northern Canada. 

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Z-gadgets has developed a mini-laptop that will be marketed in developing countries. it is estimated that the requirement for the new product will start out slow and accelerate as the product becomes increasingly familiar to worldwide consumers. to begin to staff the new production facilities, the company should conduct a(n):   demand forecast