How does a country's GDP help you determine if its economy is strong or weak?

Answers

Answer 1

Answer: The GDP means gross domestic product. When it increases then it means the economy is getting stronger or is already strong. If it decreases then it becomes weaker or is already weak.

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Blank______ constrain a firm's ability to export its products by raising the price of the exported product, which could put the firm at a competitive disadvantage with domestic firms in that country. Multiple choice question

Structural unemployment is caused bya. temporary layoffs in industries such as construction.
b. shifts in the economy that make certain job skills obsolete.
c. short-term changes in the economy.
d. the impact of the business cycle on job opportunities.

Answers

Answer:

B) shifts in the economy that make certain job skills obsolete.

Explanation:

There are three types of unemployment:

Structural Unemployment (involuntary): the skills of the worker do not match the skills required by employers.
Cyclical Unemployment (involuntary): slow economic growth or economic contraction cause that employers require less workers.
Frictional Unemployment (voluntary): someone quits his/her job voluntarily because they are searching for a better job, or new workers enter the labor force.

Which phrase describes the substitution effect?A.) buying cheaper alternatives when a product becomes expensive
B.)replacing existing producers in a market with new producers
C.)replacing existing products in a market with higher-quality products
D.)substituting existing technology with a new technology to produce more goods

Answers

I believe the answer is: A.) buying cheaper alternatives when a product becomes expensive

Substitution effect refers to a situation when a change of component on a product would influence consumers to replace that product.
Factors that could cause a substitution effect could include things such as prices, availability, changes in material, etc.

The correct answer to the question that is being stated above is letter A. buying cheaper alternatives when a product becomes expensive.

Buying cheaper alternatives when a product becomes expensive is an example of an action which best describes the substitution effect.

Typically investors purchase stocks or bonds through all of the following except

Answers

The one that is not commonly contacted by Typical investors to purchase stocks or bonds are : REALTORS

The investors will approach realtors if they want to invest their equity on properties such as land, houses , or apartment

Realtors was correct

True or False A firm in a competitive market can change the market price by changing its own production level.

Answers

Answer:

false

Explanation:

False, in a competitive market firms are price takers, production decisions by an individual firm will not affect the market price.

Final answer:

False, An individual firm in a competitive market cannot change the market price by altering its own production level. This is because in a competitive market, firms are price takers and their individual production does not significantly sway the market supply.

Explanation:

The statement 'A firm in a competitive market can change the market price by changing its own production level' is False. In a highly competitive market, individual firms are price takers, meaning they have no control over the market price. Changes in their own production levels do not affect the market price because such changes are relatively small compared to the total market supply. For instance, even if one firm decides to drastically cut production, the market price won't change significantly because there are many other firms in the market capable of filling the supply gap.

Learn more about Competitive Market here:

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In the Classical Theory, it is the price-wage-interest rate _____________ that restores the economy to full employment if Household or Business spending declines..

Answers

Answer:

flexibility

Explanation:

According to classical economists, the price-wage-interest rate flexibility refers to a combination of flexible factors that maintains economic stability:

Flexible interest rates keeps the money markets (loans) in equilibrium.
Flexible wages keeps the labor market in equilibrium.
Flexible prices keeps the goods and services markets in equilibrium.

Therefore, if spending declines, the economy will self-adjust using flexible interest rates (interest rates should lower), flexible wages (wages should lower) and flexible prices (prices should lower) until the economy rebounds.

Give an example of a business operating in a monopolistic market in South Africa

Answers

Answer:

Diamond sales by De Beers's Central Selling Organisation (CSO) and SA Breweries' (SAB) production of beer.

Explanation:

That is one I honestly think.

:D HOPE THAT HELPS, GOODLUCK!

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A communist country decides to give its people more economic freedom in an attempt to improve its failing economy. What outcome is the government most likely worried about in this case?A.)People will want to leave the country. B.)People will want more political freedom. C.)People will want to spend more for necessary items. D.)People will want to move to rural areas.

At the beginning of January 2022, a company reported inventory of $4,000. During the month, the company made purchases at a total net cost of $17,800. On January 31, 2022, a physical count of inventory reported $4,200 on hand. Find the cost of goods sold for the month.A. $17,600B. $18,000C. $17,800D. $21,800

Classified ads are printed only in newspapers. True False