standard of living correct answers the quality and quantity of goods & services available to a population.
e-commerce correct answers business transactions conducted online, typically via the internet
quality of life correct answers an overall sense of well-being experienced by individuals or...
BUS 100 Exam 1 || with Errorless Solutions 100%.
standard of living correct answers the quality and quantity of goods & services available to a population.
e-commerce correct answers business transactions conducted online, typically via the internet
quality of life correct answers an overall sense of well-being experienced by individuals or a group.
Relationship Era correct answers in the history of business, this is the era we are in today where companies try to figure out what consumers want and create that product to meet their needs.
Microeconomics correct answers the study of smaller economic units such as consumers, families, or businesses.
fiscal policy correct answers the government's efforts to influence the economy through taxation and spending.
GDP (Gross Domestic Product) correct answers a measure of the total value of all goods & services produced within a nation's physical boundaries.
Capitalism correct answers an economic system based on private ownership of business, profit retention, private property, free choice and fair competition.
oliogopoly correct answers soft drinks and gasoline are products where are only a few sellers and
its market is hard to break into because of high start-up costs.
demand correct answers the quantity of products that consumers are willing to buy at different prices. Consumers will usually buy more if the prices drop.
In the past, the government allowed the telephone and cable companies to operate under a type of competition where there is a single producer completely dominating the industry. While it is primarily illegal now, what type of competition is this called? correct answers monopoly
CPI (Consumer Price Index) correct answers the government uses a "market basket" of items like
housing, transportation, etc. as a measure of inflation that evaluates weighted-average price of goods/services that the average consumer buys each month.
If you want to know how much the U.S. economy can produce with available resources (relationship of inputs to outputs), what number would you look for? correct answers productivity
If the FED (Federal Reserve) raises Reserve Requirement, what would happen to the money flow
in the economy? correct answers the money flow would decrease
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