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The statement "the quantity demanded of a product varies inversely with its price" is a definition of


The correct answer that would best complete the given statement above would be the term LAW OF DEMAND. The law of demand states that the quantity demanded of a product varies inversely with its price, as long as other things do not change. Hope this answers the question. 

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Assume the market for spiral bound notebooks is in equilibrium. All students in public schools need notebooks of some type when they attend classes. For each of the following, explain the possible effects on demand and/or supply and equilibrium price and quantity of spiral bound notebooks using a correctly labeled supply and demand graph with equilibrium price and quantity labeled. Under your hand-drawn graph, list the determinant of supply and/or demand that causes each shift as well as the change in price and quantity. a) The price of natural gas, a resource used by manufacturers throughout the United States, doubles. b) The government provides a subsidy for notebook manufacturers. c) Your income increases and spiral bound notebooks are an inferior good.

 a) If energy prices go up, manufacturing costs go up, which ultimately increases the price of the notebook. This will also most likely lead to a decrease in quantity, as the manufacturing cost per unit is higher. This is a supply determinant. 

b) In theory, the subsidy reduces the cost per unit to the manufacturer, which increases supply and often reduces price, again being a supply-side determinant. In reality, it creates an incentive for notebook manufacturers to keep doing what they are doing, disincentivizing cost-saving developments and alternatives. Why innovate when you can get free government cheese? 
Anyway, supply determinant. 

c) The price of an inferior good increasing tends to push some demand for superior goods, especially when the income to cost of good ratio remains the same for the inferior good but gets better for the superior one. Demand determinant. 

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Standards of performance, or "performance goals" are used to? A. Communicate nonverbally B. Determine a worker's attitude C. Measure effectiveness but not efficiency D. Measure Productivity

I think the correct answer from the choices listed above is option D. Standards of performance, or "performance goals" are used to measure an employee's performance against established standards. This process assesses employee job traits and/or behaviors.

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Apples are part of which factor of production?

Apples are part of which factor of production?(Land)

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Select the true statement about standards for weights and measures. Sales of products or services impacted by weights and measures laws in the US represent a small proportion of output. A pound of flour from the Fluffy Flour Company will be the same weight as a pound of flour from another company. Companies owned by private individuals do not have to follow the standards. Standards often wind up discouraging the exchange of goods in the economy.

The answer is: A pound of flour from the Fluffy Flour Company will be the same weight as a pound of flour from another company.

In the before standard for weight and measures were created, commodities such as flour was sold using 'bags' as standard of measurement. This cause a lot of problems among buyers because many sellers put very little amount of flour inside one bag in order to obtain many profit

Because of such problems, Standard for weight and measures were invented so the sellers would not be able to cheat the buyers by less amount that they suppose to.

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In a capitalist system, what are the goods and tools that are used to make products?

Human labor is used in a Capitalist system in order to make products. 

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How can entrepreneurs avoid getting caught up in the hype surrounding their product or service?

Entrepreneurs can avoid getting 'caught up in the hype' surrounding their product or service by always maintaining a level head and not obtaining an ego. 

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Consumer products such as furniture and appliances are typically distributed using what kind of distribution

Consumer products such as furniture and appliances are typically distributed using selective distribution. Selective distribution uses only a preferred group of the available retailers in an area and by doing this is helps ensure producers of quality sales and service. The other two retail distribution strategies are Intensive distribution: . Intensive distribution and Exclusive distribution.

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A demand curve shows how changes in quality affect price. quantity affect price. quantity affect income. quality affect elasticity.

A demand curve shows how changes in quantity affect price. The demand curve is a graph that will have a good or service and how the quantity purchased is related to the price point the item is set at. Overall, the relationship between demand and price are directly related and depicted on the graph.

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A _____ is a document that outlines specific information about your proposed business, including product, location, and marketing information. a. financial plan b. franchise agreement c. partnership contract d. business plan

A business plan is a document that outlines specific information about your proposed business, including product, location, and marketing information. They are very common in today's business world!

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Name the three factors of production and two payment types in the circular flow model. You may draw a diagram and label the necessary components if you wish.

Name the three factors of production:
1. land 
2. labour
3. capital
 Though sometimes entrepreneurship is included and occasionally land is excluded.
 The payment for goods and services is the price, the hiring of factors is usually called wage or rent depending on whether we are discussing labor or capital.  

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Harry recently raised his employees' wages, which has increased production costs. Which factor did the salary hike affect? A) fixed cost B) marginal cost C) sunk cost

Its A-Fixed Cost.

( business costs, such as rent, that are constant whatever the quantity of goods or services produced.)


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How would a strong U.S. dollar impact the trade of grain produced in the United States? U.S. grain exports decrease U.S. grain exports increase U.S. grain imports decrease U.S. grain imports stagnate Two countries produce milk and dairy products efficiently. Neither has an absolute advantage. However, Country A exports milk to Country B, and Country A imports cotton from Country B. Which of the following is inferred? The opportunity cost of producing milk is lower for Country A. The opportunity cost of producing cotton is higher for Country B. Country A has a natural resource advantage in cotton. Country B has a natural resource advantage in milk.

When a country has a strong currency, generally its export decreases - this is the answer to the first question.

Imagine, a tone of rice costs 100 dollars, that is 100 pounds. With a strong dollar, it's 120 pounds now - the British will be able to afford less of US rice now!
About the second question - I think that if neither has an absolute advantage, this also likely means that neither has more natural resources.

now, country A exports milk to country B, which means that it's cheaper to produce milk in the country A. Therefore, the answer "The opportunity cost of producing milk is lower for Country A" is correct.


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_______ is a tool used to communicate the distinct attributes of a product; it can be used as a slogan or a theme and often becomes a snapshot of the entire advertising campaign.

Unique selling proposition is a tool used to communicate the distinct attributes of a product; it can be used as a slogan or a theme and often becomes a snapshot of the entire advertising campaign. It is also called value position. Hope this answers the question.

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In order for information to be meaningful, a firm’s accounting processes and procedures should be certified as accurate by acceptable accounting standards. companies hire ________ to provide unbiased opinions about the accuracy of a firm’s financial statements.

Here is the correct answer that would best complete the given statement above. In order for information to be meaningful, a firm’s accounting processes and procedures should be certified as accurate by acceptable accounting standards so companies hire BOOKKEEPER PRIVATE ACCOUNTANTS to provide unbiased opinions about the accuracy of a firm’s financial statements. Hope this is the answer that you are looking for. 

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Hill’s science diet markets high quality dog and cat food. on its website is a link to its community connect web page where pet owners can sign up for its pet chat e-newsletter, subscribe to its youtube channel, and click on a link that goes to hill’s facebook page where they can find out the latest news about or comment on hill’s products. this is a description of a website with a strong __________ design element.

Usability

The most important people involved in the design of a great website are your clients, the end users. We make sure that our sites are easy to navigate, have minimal load time, and provide visitors with a plethora of useful resources and information. We keep usability in mind in every aspect of our work from brainstorming to design and development to follow up and site maintenance. 

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Every night at 9 p.m., the phone rings with calls from companies you have never heard of asking you buy their products. You have asked them to stop calling you, but they refuse. Which agency can help you with this problem? A) Federal Communications Commission b) federal trade commission c) food and drug administration d) national highway traffic safety administration e) transportation security agency

I believe the answer is: A. Federal Communications Commission

The federal communications commissions has the right to  regulate interstate communications through television, wire, radio, satellite, and cable. They can give a punishment for companies who conducting an harassment or violation of privacies like mentioned in the case above.

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What is an example of a federal government regulation that influences disease prevention by deterring tobacco use? Flavors being added to tobacco products Laws against selling tobacco products to minors No smoking areas in restaurants and hotels Stores that decline to sell any tobacco products

Answer: Laws against selling tobacco products to minors

Explanation:

A federal government can control tobacco use by enforcing law that prevent the selling of tobacco to minors.

Other options are not valid as flavors being added will induce more use of tobacco. No smoking areas in restaurants and hotels is not a government regulation.

So, the only possible option of a government regulation can be binding law against tobacco selling.

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