When the economy is slow - Study guides, Class notes & Summaries

Because people's wants are unlimited but resources are scarce, Ans: choices must be made In economics, capital is define as Ans: the natural, unskilled abilities of people The labor market is an example of a Ans: resource market In macroeconomics, we analyze Ans: the overall performance of the economy as a whole An economic model Ans: is a simplification of the real world The basic purpose of economic models is to Ans: provide explanations for, and predictions of, economic events Ec...

FBM201 Exam Questions With 100% Correct Answers. The four systems operating within a food service operation are: A: food production, beverage production, service process, customer sequence B: food production, beverage provision, service sequence, customer process C: food service, beverage production, service sequence, customer sequence D: food service, beverage production, service production, customer sequence - answerB The experience economy refers to: A: Creating meal experience for th...

DMS 301m Full Test Bank | Verified with 100% Correct Answers Innovation is viewed as a critical element in the success of a product's development. According to the lecture video, which firm's innovation strategy is different from the others? Apple Coca-Cola Google Netflix Coca-Cola uses incremental innovation. Coke has been very successful in introducing a number of extensions to its cola line through such products as Diet Coke (or Coke Light), Coke Zero, and Cherry Coke. Strong brands have ...

Business 5101 Praxis Practice TEST 100% Pass Command Economy Govt. Controlling Prices & Production Security&Exchange Commission(SEC) responsibilities: Regulate securities, investigate insider trading, process applications for initial public offerings(IPO's) Customer's desire for product and ability to obtain product Product demand is directly influenced by: Sarbanes-Oxley Act of 2002 Fight corporate & accounting fraud Buyer's Market Product availability exceeds demand Maslow's hierarchy...

Fiscal policy correct answers Government decisions about the level of taxation or government spending AD= correct answers C+I+G+NX Government can affect AD by correct answers - changing G - changing taxes an increase in government spending shifts AD.... a decrease in government spending shifts AD.... correct answers out/to the right in/to the left Multiplier effect and crowding out indirectly effect correct answers C and I components of AD Tax policy directly effects AD thr...

Assets correct answers Things that you own Liabilities correct answers Things that you owe shareholders equity correct answers Assets - Liabilities = shareholders equity Competitive Advantage correct answers -some aspect of a product or company that makes it more appealing to its target customer -(what is the strength of the company that makes it more attractive than others) Revenue correct answers Money that a company brings in through the sale of goods and services Business Mod...

Primavera Economy Unit 5 Workbooks and Checkpoints Questions and Answers Already Passed Read the sentence. The gross domestic product (GDP) shrunk by 2 percent over a 12-month period. What can you infer about the economy? The GDP indicates an economic contraction. Read the sentence. To calculate [blank], the quantity of final goods and services are multiplied by the price. Which best completes the sentence? Gross domestic product. What is included in the consumer price index (CPI)? A sampling...

Which driver weakened the Swiss franc? (C) - ANSWER a) A surprise change in net export expectations b)A surprise change in interest rates expectations c)A surprise change in inflation expectations d)A surprise change in valuation expectations How accurately do GDP portray the economy and why? - ANSWER Inaccurately because the scope of GDP measurements can change. Consider the formula GDP = C+I+G+(X-M). A country is undergoing a boom in consumption of domestic and foreign luxury goods. I...

Tangible Personal Property - Answer-personal property that can be moved (ex. gold bar, jewelry) Probate Estate - Answer-the property of a decedent that is subject to administration by the executor or administrator of an estate Under joint tenants with rights of survivorship, when one tenant dies which of the following best describes the result? - Answer-Her share passes to the surviving joint tenant regardless of what her will says In cutting down a tree, which of the following occurs? - A...

Economics Final Exam Questions and Answers Already Passed Which is the most effective solution when planning for retirement? Start as soon as possible to maximize savings The marketing mix, also known as the Four Ps of Marketing, consists of product, price, promotion, and _[blank]_. Place Which type of expense can change based on use or volume? Variable Joe works full time as a carpenter and brings home $3,000 per month. He owes a total of $1,500 in fixed expenses every month, which includes ...