Market disequilibrium - Study guides, Class notes & Summaries

Peregrine Exam #3 Questions with Correct Answers Franchising - Answer-A contractual agreement between a franchisor and a franchisee that allows the franchisee to operate a business using a name and format developed and supported by the franchisor. Standardization strategy - Answer-When a company decides to ignore different segments, and produce a standardized product for the average consumer. multidomestic strategy - Answer-when multinational firms enable individual subsidiaries to comp...

Social Studies 7-12 PACT Questions and Answers Rated A+ Free Trade the ability for one country to trade with another without hindrance so that all goods can be produced with the greatest efficiency Sole Proprietorships a business where a single person acts as the owner and operator of the business with no distinction between the person and the business Comparative Advantage the ability to produce a good at a lower opportunity cost than another producer Market a space in which goods are exchan...

International Finance Final Exam 2022 with complete solution What's unique about international finance? -foreign exchange risk -political risk -market imperfections -expanded opportunity set What is foreign exchange risk? -foreign currency profits may decrease or evaporate in dollar terms due to unanticipated, unfavorable exchange rate movements -doesn't exist in a domestic setting What is political risk? -sovereign governments have the right to regulate the movement of goods, capi...

International Finance Final Exam 2022 with complete solution What's unique about international finance? -foreign exchange risk -political risk -market imperfections -expanded opportunity set What is foreign exchange risk? -foreign currency profits may decrease or evaporate in dollar terms due to unanticipated, unfavorable exchange rate movements -doesn't exist in a domestic setting What is political risk? -sovereign governments have the right to regulate the movement of goods, capi...

Microeconomics correct answers A branch of economics that deals with the behaviour of individual economic units. Economic Model correct answers The interacting relationship between two or more economic variables. 3 Fundamental Questions of Economics correct answers 1. What to Produce 2. How Much to Produce 3. For Whom to Produce Emergence of Price correct answers The interaction between consumers and producers interacting on the market. The Market is in Equilibrium correct answers ...

Definition of opportunity cost Correct Answer the cost of the next best opportunity forgone The effects of opportunity cost on workers Correct Answer specialization The production possibility curve represents Correct Answer the maximum combination of products that can be produced in an economy How can a country be on its PPC? Correct Answer All resources are used; there is efficiency (in the use of resources) A movement along the PPC results in Correct Answer opportunity cost in o...

A teacher tells her students, "When you do your math homework assignments, you must use white lined paper. Please, no tear—outs from spiral notebooks—I won't accept them under any circumstances! Divide each page with a vertical line, always putting the problem on the left side and your solution on the right side. Use a number two pencil—nothing lighter, and definitely no ink! I expect all erasures to be thorough and clean." Which one of the following basic needs is the teacher most like...

Chapter 3—Supply and Demand: Theory MULTIPLE CHOICE 1. The law of demand states that price and quantity demanded are a. directly related, ceteris paribus. b. inversely related, ceteris paribus. c. independent. d. positively related, ceteris paribus. ANS: B PTS: 1 DIF: Easy NAT: Analytic LOC: Supplyanddemand 2. Which of the following illustrates the law of demand? a. Jorge buys fewer pencils at $2 per pencil than at $1 per pencil, ceteris paribus. b. Chen buys more ice cream at $4 per...

hat is the point at which supply and demand intersect? - (A) equilibrium point The price of a product has greatly dropped greatly, and store owners do not have enough of the item to meet the demand. - Excess Demand Demand for a new truck is beginning to increase, but car dealerships still have too many of these trucks on their lots. - Excess Supply The price for a popular holiday toy has risen too high, and consumers are not purchasing items in stock at stores. - Excess Supply Match each ...

AP Macroeconomics Exam Review Q&A with accurate Solution economics - the study of how people, firms, and societies use their scarce productive resources to best satisfy their unlimited material wants scarcity - the imbalance between limited productive resources and unlimited human wants. Because economic resources are scarce, the goods and services a society can produce are also scarce. trade-offs - scarce resources imply that individuals, firms, and governments are constantly faced wit...