Laws in macroeconomics - Study guides, Class notes & Summaries

MIE 201 Exam 1 Questions and Answers 100% Pass business - Correct Answer ️️ -any profit-seeking organization that provides goods and service designed to satisfy customers needs revenue - Correct Answer ️️ -money a company brings in through the sales of goods and services business model - Correct Answer ️️ -a clearly stated outline of how the business intends to generate revenue profit - Correct Answer ️️ -money left over after all the costs involved in doing business have...

Principles of Microeconomics Exam Questions And Answers (Verified And Updated) Scarcity - answera situation in which unlimited wants exceed the limited resources available to fulfill those wants shortage - answera situation in which the quantity demanded is greater than the quantity supplied microeconomics - answerthe study of how households and firms make choices, how they interact in markets, and how the government attempts to influence their choices macroeconomics - answerthe study o...

TLI 152 Midterm Exam | Questions with Verified Answers Adam Smith believed that one's self-directed gain would eventually create prosperity for many, and called the process the invisible hand Which business environment determines whether people believe they can afford to take a financial risk and start a business? economic and legal The global economic trend has been for _____ countries to move toward _____ capitalist; socialism Which person is a stakeholder for a business? Customer Profit is...

TLI 152 Week 1 - 8 Quizzes | Questions and Answers The global economic trend has been for ________ countries to move toward ________. Capitalist; socialism The way in which a country's resources are utilized to produce goods and services and the way those goods and services are distributed among those who desire to have them depends upon the Economic system under which the country operates. What is the term for the periodic rises and falls that occur in economies over time? Business Cycles Wh...

In economics the pleasure, happiness, or satisfaction received from a product are called __________. correct answers Utility An __________ ___________ is the cost associated with the alternative that was sacrificed to do or acquire something else. It is the cost associated with the foregone opportunity. correct answers Opportunity cost The study of economics is primarily concerned with what? correct answers Choices that are made in seeking to use scarce resources efficiently. The ______...

BUS 6600 Final Exam Questions With Revised Answers Revenue - answerTotal amount of money a business takes in during a given period by selling goods and services Businesses are part of an economic system that helps CREATE A HIGHER STANDARD OF LIVING and quality of life for everyone - answer Standard of living - answeramount of goods and services people can buy with the money they have Quality of life - answerThe general well-being of a society in terms of its political freedom, natural e...

PESTEL model A framework that categorizes and analyzes an important set of external factors (political, economic, sociocultural, technological, ecological, and legal) that might impinge upon a firm. These factors can create both opportunities and threats for the firm. political factors process and actions of government bodies that can influence the decisions and behavior of firms economic factors largely macroeconomics, affecting economy-wide phenomena sociocultural facto...

MIE 201 TEST 1 (Chapters 1-4)Revenue - correct answer money a company brings in through the sale of goods and services Business - correct answer any profit seeking organization that provides goods and services designed to satisfy customer's needs Business Model - correct answer a concise description of how a business intends to generate revenue Profit - correct answer money left over after all the costs involved doing business have been deducted from revenue Competitive Advantage - ...

Gace Elementary Education Test 1 Questions with Answers – Latest | Verified. Preconventional correct answers Kohlberg's stage of moral development in which rewards and punishments dominate moral thinking post conventional correct answers Kohlberg, whats right or wrong based on some higher moral reasoning, full internalization, adulthood if ever, not many reach it Conventional correct answers Kohlberg's stage of moral development where interpersonal accord, conformity(social norms), aut...

Economics UNIT 2 Questions and Answers Graded A+ *LESSON 6* *ECONOMICS* What is a characteristic of a need? A need is something you cannot live without, such as water. Read the sentence. When society does not have enough resources to produce all of the things people want, it is known as _[blank]_. Which correctly completes the sentence? scarcity Characteristics of Microeconomics examines how much is produced and the consumers' willingness to buy deals with the prices of goods and services ...