Questions in business

Questions in business

📝 Answered - A group of companies bound together to fix prices is called a cartel.

📝 Answered - How do you make a profit when you open a business?

📝 Answered - The government has decided that the free market price of cheese is too low. Farmers complain that the price floor has reduced their total revenue. Is this possible? Explain.

📝 Answered - When do you think the Silver American Eagle will peak again, as it did in 2011? Do you think it will rise in value again, and how much do you estimate it will be worth?

📝 Answered - Consider the $50,000 excess cash. Assume that Gary invests the funds in a one-year CD. a. What is the CD's value at maturity (future value) if it pays 10 percent (annual) interest? b. What will its future value be if the CD pays 5 percent interest? If it pays 15 percent interest?

📝 Answered - Provide at least 20 examples of elastic and inelastic goods.

📝 Answered - According to marginal analysis, you should spend more time studying economics if the extra benefit from an additional hour of study: A. is positive. B. outweighs the extra cost. C. exceeds the benefits of the previous hour of study. D. will raise your exam score.

📝 Answered - The process of accumulating capital is called: A. capitalization B. loanable funds C. investment D. debt management

📝 Answered - The amount of a good that must be given up to produce another good is the concept of: a. scarcity b. specialization c. trade d. efficiency e. opportunity cost

📝 Answered - A face-saving technique in which all parties involved in an embarrassing situation ignore it and continue their conversation or interaction as though the embarrassing situation never happened is referred to as ________. A. redefining the situation B. teamwork C. studied nonobservance D. impression management