3 key economic ideas - Study guides, Class notes & Summaries

MGT 103 Midterm 1 DeMill questions and answers 100% correct 4 P's of Marketing Product, Price, Place, Promotion Question Marks Low share of high-growth market Stars High share of high-growth market Cash Cows generates large amount of cash Dogs Low share of slow-growth markets SWOT analysis strengths, weaknesses, opportunities, threats product features, brand name, packaging, service, warranty price list price, discounts, allowances, cred...

scarcity Correct Answer-a situation in which unlimited wants exceed the limited resources available to fulfill those wants economics Correct Answer-the study of the choices people make to attain their goals, given their scarce resources economic model Correct Answer-a simplified version of reality used to analyze real-world economic situations market Correct Answer-a group of buyers and sellers of a good or service and the institution or arrangement by which they come together to trade ...

mgmt principles of managements Canadian - test banks, Chapter 2 Organizational Environments and Cultures MULTICHOICE 1. What are the two types of external organizational environments? (A) general and specific (B) public and private (C) global and national (D) organizational and interpersonal Answer : (A) 2. Which of the following environments affects all organizations? (A) the global environment (B) the national environment (C) the general environment (D) the formal environment Answer :...

Politics - Answer The process that determines what government does. 3 Key Ideas of Politics - Answer Politics is conflictual, the political process matters, and politics is everywhere Free Market - Answer An economic system based on competition among business without government interference Economic Individualism - Answer The sovereignty of individuals to manage their own financial decisions without government interference

US HISTORY All Challenges History (With Answers)Unit 1 Challenge 1 1. Which of the following statements is true? a.) Historians have a responsibility to merge their own experiences into historical narratives. • b.) The writing of history is influenced by the cultural environment in which it is written. c.) History is best determined through the lenses of politics and economics. • d.) Historical interpretations of past events rarely change over time. 2. Consider the following research qu...

3 Key Economic Ideas correct answers 1. People are rational 2. People respond to incentives 3. People make optimal decisions at the margin People are rational correct answers Consumers use all available information as they act to achieve their goals; weighing the benefits and costs, deciding when the benefits outweigh the cost People respond to incentives correct answers Consumers respond to economic incentives such as cost and benefit analysis People make optimal decisions at the mar...

scarcity Ans: a situation in which unlimited wants exceeds the limited resources available economics Ans: the study of the choices people make to attain their goals, given their scarce resources economic model Ans: a simplified version of reality used to analyze real-world economic situations market Ans: a group of buyers and sellers of a good or service and the institution or arrangement by which they come together to trade What are the three key economic ideas? Ans: 1.People are rat...

Scarcity correct answers - Unlimited wants exceed limited resources available to fulfill those wants Scarcity leads to choices - Choices result in tradeoffs Economics correct answers - The study of choices people make to attain their goals, give their scarce resources Three key economic ideas correct answers 1. People are rational 2. People respond to economic incentives 3. Optimal decisions are made at the margin Opportunity cost correct answers - Highest valued alternative that m...

WGU - D265 - Critical Thinking - Reason and Evidence Latest Update (2022/2023) Already Passed PROPOSITIONS Are statements that can be true or false NON-PROPOSITONS Are sentences that are not statements about matters of fact or fiction. They do not make a claim that can be true or false. SIMPLE PROPOSITIONS Have no internal logic structure, meaning whether they are true or false does not depend on whether a part of them is true or false. They are simply true or false on their own. (Example: Har...

Globalization - the process through which an increasingly free flow of ideas, people, goods, services and capital leads to the integration of economies and societies How do major international institutions facilitate globalization? - help transmit information, enforce contracts/property rights, promote market competition Why is it important for political leaders and institutions to be transparent in responding to global competition? - social unrest leading to political instability, ineffect...