100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Business 101_ Chapter 2. Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution CA$11.47   Add to cart

Exam (elaborations)

Business 101_ Chapter 2. Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

 4 views  0 purchase
  • Course
  • Institution

Business 101_ Chapter 2. Questions with 100% Actual correct answers | verified | latest update | Graded A+ | Already Passed | Complete Solution

Preview 1 out of 4  pages

  • June 19, 2024
  • 4
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
avatar-seller
Business 101: Chapter 2
Budget deficit - ANS-Shortfall that occurs when expenses are higher than revenue over
a given period of time.

Budget surplus - ANS-Overage that occurs when revenue is higher than expenses over
a given period of time.

Business cycle - ANS-The periodic contraction and expansion that occur over time in
virtually every economy.

Capitalism - ANS-An economic system—also known as the private enterprise or free
market system— based on private ownership, economic freedom, and fair competition.

Commercial banks - ANS-Privately owned financial institutions that accept demand
deposits and make loans and provide other services for the public.

Communism - ANS-An economic and political system that
calls for public ownership of virtually all enterprises, under the direction of a strong
central government.

Consumer Price Index (CPI) - ANS-A measure of inflation that evaluates the change in
the weighted-average price of goods and services that the average consumer buys
each month.

Contraction - ANS-A period of economic downturn, marked by rising unemployment and
falling business production.

Deflation - ANS-A period of falling average prices across the economy.

Demand - ANS-The quantity of products that consumers are willing to buy at different
market prices.

Demand Curve - ANS-The graphed relationship between price and quantity from a
customer demand standpoint.

Depression - ANS-An especially deep and long-lasting recession.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Hkane. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$11.47. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79650 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$11.47
  • (0)
  Add to cart