After recognizing a problem, a consumer begins an internal _______, and sometimes an external one, for relevant information.search internal extendedfound

Answers

Answer 1

After recognizing a problem, a consumer begins an internal search, and sometimes an external one. Consumers have the option to search internally or externally during the information search phase.

Consumers look for information both internally and externally. The consumer uses internal search to retrieve potential options from memory. It's crucial for marketing initiatives to make certain low-involvement products "top of mind."

A buyer's memory, knowledge of the good or service, and specific alternatives they can recall are all used in an internal search. Any external sources that a person might use to learn more about the good or service are included in an external search.

A so-called evoked set list should be available to the consumer if the information search is successful. A list of potential substitutes for the good or service the customer is considering is known as an evoked setlist. All of these procedures are used during the consumer purchasing process information search stage.

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Related Questions

Classify the economic factors according to whether or not they encourage investment and economic growth in a country.Encourage investments in physical and human capital vs.
Do not encourage investments in physical and human capital
1. Dependable Legal System
2. Property Rights
3. Trade Restrictions
4. Competitive Markets
5. Political Instability
6. Corrupt Government
Which of the following are macroeconomists most interested in encouraging in order to increase the standard of living?
a. trade-offs
b. ideas
c. inflations

Answers

Encourage investments in physical and human capital:

Dependable Legal System

Property Rights provides  investors an opportunity to invest through their properties.

Competitive Markets are very important and promote competition among buyers and sellers.

Do not encourage investments in physical and human capital:

3. Trade Restrictions are the restrictions made by the governments of the nation to provide the opportunity to the citizens of the nation.

Political Instability and Corrupt Government can lead to instability in the markets

Macroeconomists are most interested in encouraging:

a. Trade-offs (as they link to judgments on the grant of resources and issuance of income in an economy )

c. Inflation (as it acts on the all-around price level and purchasing capacity in an economy).

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for each of the regions listed in the following table, use the midpoint method to identify if the demand for this good is elastic, (approximately) unit elastic, or inelastic.

Answers

The curve between Y and Z is elastic curve as it has value of elasticity greater than one, between W and X there is unit elastic curve as it has value of elasticity equal to one and between X and Y there is inelastic curve as it has value of elasticity lesser than one.

Price elasticity measures the responsiveness of a good's quantity demanded or supplied to a change in its price. The percentage change in quantity demanded or supplied is divided by the percentage change in price.
Elasticity can be elastic or very responsive unit elastic, or inelastic and not very responsive.
Price elasticity measures the responsiveness of a good's quantity demanded or supplied to a change in its price. The percentage change in quantity demanded or supplied is divided by the percentage change in price.Price elasticity measures the responsiveness of a good's quantity demanded or supplied to a change in its price. The percentage change in quantity demanded or supplied is divided by the percentage change in price.
Elasticity can be elastic or very responsive unit elastic, or inelastic and not very responsive.
Price elasticity measures the responsiveness of a good's quantity demanded or supplied to a change in its price. The percentage change in quantity demanded or supplied is divided by the percentage change in price.
Elasticity can be classified as either elastic or very responsive unit elastic, or inelastic and not very responsive.
An inelastic demand or supply curve occurs when the price changes by a certain percentage.
Inelastic demand or supply curves occur when a given percentage change in price results in a smaller percentage change in quantity demanded or supplied.Inelastic demand or supply curves occur when a given percentage change in price results in a smaller percentage change in quantity demanded or supplied.
A given percentage change in price results in an equal percentage change in quantity demanded or supplied, according to unitary elasticity.

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completecomplete question :- For each of the regions listed in the following table, use the midpoint method to identify if the demand for this good is elastic, (approximately) unit elastic, or inelastic.

What is statue of limitations?
о A. A procedural law which requires that the state file charges for
certain types of crime involving a certain type of person
B. A procedural law which requires that the state file charges for
certain types of crime within a certain state
C. A procedural law which requires that the state file charges for
certain types of crime involving a specific amount of money
D. A procedural law which requires that the state file charges for
certain types of crime within a certain amount of time
SUBMIT

Answers

A procedural law which requires that the state file charges focertain types of crime within a certain amount of time

Why is there statute of limitations?The purpose of having a statutory limitation period is to prevent charges from being raised that date so far back into the past that defence against the charges is difficult and expensive. Evidence might be difficult to obtain, testimony may be clouded, and the defendant may not receive a fair trial.There are two types of statutes of limitations, criminal and civil. Most statutes of limitations refer to civil cases. While crimes such as misdemeanors or petty crimes have statues of limitations, most crimes do not.The case against him was only dropped last year as the statute of limitations ran out. The lawsuits have been dropped because the statute of limitations has run out. Under the new law the statute of limitations age has been raised to 26 years old. In laymans terms, the statute of limitations is over with.

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A law that sets the maximum amount of time that parties in a dispute have to initiate legal proceedings.

What exactly is a statute of limitations?

The statute of limitations is a legal principle that establishes the maximum length of time that parties in a dispute have to commence legal action. The amount of time permitted under a statute of limitations varies based on the gravity of the conduct and the jurisdiction in question.

The statutes of limitations for certain frequent forms of legal disputes are as follows: Personal injury: Two years from the date of the injury. If the injury was not identified immediately, the time limit is one year from the date of discovery. Breach of a written contract: Four years from the date of breach.

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True or False? Supply Chain management and business Logistics are slightly different concepts but generally can be used to describe the same thing

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The quickest distinction to make is that furnish chains are responsible for the basic sourcing, processing, and transport of items to the quit customer, whilst logistics in particular focuses on shifting and storing goods between unique supply chain organizations.

Is furnish administration and grant chain administration the same?

The phrases furnish management and provide chain administration are every so often used interchangeably. But there is a difference. Supply chain management simply refers to the administration of how goods and services glide thru the manufacturing process—from raw material to completed items that cease up in the fingers of consumers.

Logistics center of attention on the efficient and good value delivery of goods to the customer. Supply chain management controls the improvement of uncooked materials into completed items that move from the supplier to producer to warehouse to shops and/or consumers. The time period logistics originated with the military.

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The table shows employment statistics for a fictional country. Use the information to answer the questions. Round your percentages to two decimal places.

Category Number of people
Employed 5505
Unemployed 452
Not in the labor force 591

What is the total labor force?
What is the labor force participation rate?%
What is the unemployment rate?%

Suppose 276 of the 452 unemployed people have been unemployed for so long that they stop looking for work.

What is the new labor force?
What is the new labor force participation rate?
What is the new unemployment rate?

Answers

Answer:

12453

Explanation:

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Employment is a partnership between two people that governs the delivery of compensated labor services.

What is employment?

Employment is a partnership between two people that governs the delivery of compensated labor services. One party, called employer, who may be a company, something not organization, a founder, or some other entity, compensates the other, their employee, in accordance with the terms of a contract in exchange for doing the job that has been allocated to them.

Workers perform work in exchange for pay, which may be made in the form of an hourly wage, piecework compensation, or perhaps an annual salary, dependent on the nature of the work performed, the industry conditions in effect, and the negotiating power of the parties. In some industries, employees could get stock options, bonuses, or gratuities.

A. 5,505 + 492 = 5,997

B. 5505 + 492 + 571 = 6,568

5,997 / 6,568 = 0.91306

91.31%

C. 492 / 5,997 = 0.08204

8.20%

D. 492 - 256 = 236

236 + 5,505 = 5,741

E. 5,741 + 256 + 571 = 6,568

5,741 / 6,568 = 0.87409

87.41%

F. 236 / 5,741 = 0.04111

4.11%

Therefore, employment is a partnership between two people that governs the delivery of compensated labor services.

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true or false when making hardware decisions, the overriding considerations of a business should be technology cost and energy.

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The statement "When making hardware decision, the overriding consideration of a business should be technology cost and energy." The correct statement is "When making hardware decisions, the overriding considerations of a business should be Speed and performance, Rege of features, storage, and mobility."

The statement above is a false statement because when we make a hardware decision we should consider the speed and performance of the hardware, the range of features, storage, and mobility of the hardware, not the technology cost and currency.

When a business makes a decision about its computer hardware they need to clearly understand current and future business requirements.

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write any five local technology is used in your village explain in brief​

Answers

Electronic, mechanical, medicinal, industrial and manufacturing, and tool technologies are five examples of different forms of technology.

Mobile devices, laptops, automobiles, and washing machines are a few examples of technology.

Which 5 local technologies are there?Plough. A plough is a farming implement that utilizes the strength of an ox, bull, or buffalo.Watermill. The watermill engine operates on the kinetic energy to mechanical energy conversion principle.Water pump (Dhiki pump).An apparatus for breaking oil seeds (Kol)

What are the applications of local technology and how important are they?

The ability of local technology to be tailored to a user's demands is its significance. It enables the user to benefit from the available technology. Localized technology is therefore more cost-effective because it can be tailored to a company's or organization's demands.

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which of the following is among the 13 competitive factors that affect each company's branded footwear sales volumes and market shares in each of the 4 geographic market regions?
a. the number of discount-price sales promotions on athletic footwear that each company's footwear retailers have annually
b. the length of the warranties covering defective materials or workmanship that each footwear maker elects to provide on each branded pair purchased by buyer
c. the percentage of footwear-maker's models/styles that have retail prices under $100
d. the size of the percentage price discount off the standard retail price that footwear companies offer people shopping for athletic footwear at their websites
e. the number of retailers stocking each company's footwear brand and the number of weeks each company takes to deliver orders to retailers

Answers

The length of the warranties covering defective materials or workmanship that each footwear maker elects to provide on each branded pair purchased by buyer affects the company's branded footwear sales volumes and market shares in each of the 4 geographic market regions

Market refers to a place or platform where goods and services are bought and sold.

When it comes to determining the success of a company's branded footwear sales and market share, there are 13 competitive factors to consider.

These factors impact the company's performance in different geographic market regions, meaning that the company's success may vary from one region to another.

One of these factors is the number of discount-price sales promotions on athletic footwear that each company's footwear retailers have annually.

This factor is important because sales promotions can attract customers and increase the company's market share. The mathematical expression for this could be represented as follows:

Market share = (Number of sales promotions) / (Total number of sales promotions in the market)

Based on this fact, the correct option is (b).

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which of the following professions require substantial or extensive database skill and knowledge? advertising manager financial planner human resource manager economist

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The correct option is D. Economist professions require Substantial or Extensive database skills and knowledge.

The monetary Database in GFD presents facts on employment and the labor force, production and output, money aggregates, worldwide liquidity, the financial zone, and fee indices (consumer, wholesale, and manufacturer). other GFD databases blanketed are trade fees, authorities & Debt, and country-wide bills.

Information has come to be a key input in current monetary manufacturing alongside land, capital, hard work, and oil. It feeds synthetic intelligence algorithms whose predictions power applications from driverless cars to drug testing to credit provision to advert concentrated on. financial records provide an empirical foundation for monetary research, whether descriptive or econometric. information records also are a key input for assessing the replicability of empirical findings and to be used in selection-making as to financial coverage.

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Complete Question:

Which of the following professions require Substantial or Extensive database skills and knowledge?

a. Financial Planner

b. Human Resource Manager

c. Advertising Manager

d. Economist

indicate in which part of the statement of cash flows each item would appear: operating activities, investing activities, or financing activities.

Answers

The classification of items in the statement of cash flows depends on whether they are related to operating activities, investing activities, or financing activities. Here all options are correct.

Operating activities refer to the day-to-day activities of a business that generate cash inflows and outflows, such as the sale of goods or services and the payment of expenses.

Examples of items that would appear in the section on operating activities include cash received from customers, cash payments to suppliers, and cash payments for salaries and wages.

Investing activities refer to transactions that involve the purchase or sale of long-term assets, such as property, plant, and equipment. Examples of items that would appear in the section on investing activities include cash received from the sale of investments, cash payments for the purchase of long-term assets, and cash payments for the acquisition of other businesses.

Complete question:

indicate in which part of the statement of cash flows each item would appear:

A - operating activities

B - investing activities

C - financing activities.

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Someone who donates $10 to Amnesty International might be persuaded to donate a much larger amount when properly approached because that person may decide that he or she is the kind of person who makes such charitable donations. This demonstrates the basic premise of the ________.
A) door-in-the-face technique
B) consensus technique
C) foot-in-the-door technique
D) attribution technique
E) dual mediation technique

Answers

This demonstrates the basic premise of the foot-in-the-door technique

The foot-in-the-door method, often known as FITD, is a technique for convincing individuals to take action. It is based on the theory that if a respondent agrees with a little initial request, they will be more likely to agree to a larger subsequent request than they would have been if the request had been made fully evident. According to the foot-in-the-door influence strategy, you should ask someone to do a tiny favour for you in exchange for a larger one. The ability of the foot-in-the-door to transition from a little, reasonable request to a huge, onerous one is what gives it its strength.

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Andrea had reservations at a hotel but, because it overbooked, she was forced to stay elsewhere. The only hotel in town with vacancies was more expensive. Rather than return home, Andrea took a room in that hotel. For which of the following is the first hotel liable to reimburse Andrea?

Answers

The first hotel is likely liable to reimburse Andrea for the additional expenses incurred as a result of being forced to stay elsewhere due to overbooking reservation.

This is known as "involuntary displacement" and is a common scenario in the hotel industry. In such cases, the hotel has an obligation to provide alternative accommodations that are of equal or better quality than the original reservation, and to cover any additional expenses incurred by the customer as a result of the inconvenience. This can include the cost of the new room, transportation expenses, meals, and any other related costs. Andrea can present her receipts and other documentation to the first hotel and request reservation for the additional expenses incurred as a result of being involuntarily displaced.

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Does free cash flow include interest expense?

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Free cash flow does not include interest expenses.

Where does interest expense go in the free cash flow?

In the statement of cash flows, interest paid will be stated in the section entitled cash flows from the operating activities. Because of most companies use the indirect method for the statement of cash flows, the interest expense will be kept in the corporation's net income.

Free Cash Flow (FCF) confirms profits excluding the non-cash or non-liquid expenses recorded in the income statement, and consists of expenses related to equipment and assets, and variations in the working capital. Free cash flow also does not consist of interest payments.

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Which of the following does implementing changes to a project typically require?a. Adding new team membersb. Reducing the scopec. Adjusting governanced. Realigning resources

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Implementing changes to a project typically requires D: "realigning resources".

When changes are made to a project, such as adjusting the scope or adding new requirements, the resources originally allocated for the project may no longer be sufficient to complete it as planned. Realigning resources involves adjusting the allocation of budget, time, or personnel to ensure that the project can still be completed within the desired constraints.

For example, if the scope of the project is expanded, additional budget may be needed to hire additional team members or purchase additional equipment. Alternatively, if the timeline of the project is shortened, resources may need to be reallocated to prioritize tasks and ensure that the project can be completed on time.

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True/False: An example of global outsourcing is seen when gap, inc uses low-cost caribbean labor to cheaply produce its clothing, and then finishes off and sells its clothing in the united states.

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The given assertion " An illustration of  global outsourcing is seen when hole, inc utilizes minimal expense Caribbean work to economically create its clothing, and afterward polishes off and sells its clothing in the united states." is true because  

Global outsourcing is the point at which an organization sends occupations to areas across the globe, where they can pull off employing a larger number of laborers and paying them short of what they would need to in America.

Global outsourcing is a term held for moving to an outsider based beyond your nation and is frequently ordinarily alluded to as offshoring. They exploit the absence of work regulations and common freedoms.

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ashley bakes bread that she sells at the local farmer's market. if she purchases a new convection oven that reduces the costs of baking bread, the

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If Ashley purchases a new convection oven that reduces the cost of baking bread, this would likely result in an increase in her operating income.

Operating income represents the revenue generated from a business's main operations, after deducting the operating expenses. In Ashley's case, her main operation is baking and selling bread.

If the new convection oven reduces the costs of baking bread, Ashley will have lower operating expenses, which will increase her operating income. This increase in operating income would be reflected in her income statement, which is a financial statement that shows a company's revenue, expenses, and profit or loss over a period of time.

It's important to note that while the new convection oven may reduce Ashley's costs and increase her operating income, it may also have an impact on her overall cash flow.

The purchase of the oven would be an outflow of cash, and Ashley would need to ensure that the increased operating income from the reduced costs of baking bread would be sufficient to cover this outflow of cash and still allow her to maintain a positive cash balance.

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when the marginal benefit of an activity equals the marginal , there is no incentive to either increase or decrease the level of the activity performed.

Answers

The answer is true, when the marginal benefit of an activity equals the marginal , there is no incentive to either increase or decrease the level of the activity performed is true.

How does economics define a marginal cost?

The expense that would be incurred to produce or serve one additional unit or customer is referred to as the marginal cost. Added cost is another name for it.

The definition of a marginal cost formula

Marginal cost is determined using the following formula: Cost fluctuation is equal to the quantity fluctuation times the cost. Example: In order to determine the marginal cost, consider the following information: presently generated units.

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the term _________ refers to all raw materials, components, completed or partially completed products, and pieces of equipment a firm uses.

Answers

The term Inventory management  refers to all raw materials, components, Finished or semi-finished goods and equipment used by the company. Inventory management is the process of ordering, storing, and using a company's inventory (raw materials, parts, and finished goods).

Inventory refers to the goods and products of a company that are ready for sale together with the raw materials used in their manufacture. Inventory can be categorized in three different ways: raw materials, work in process, and finished goods Inventory is considered a current asset in accounting because companies typically expect to sell finished goods within a year. Inventory valuation methods include Last In First Out (LIFO). first-in first-out (FIFO); and weighted average method. Imagine a seasonal fashion retailer like Zara. Fast fashion sales force Zara, like other fashion retailers, to sell inventory quickly. Zara products are an example of end-of-life inventory. On the other hand, cloth and other crafting materials are considered resource forms of inventory.

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PLEASE HELP!!

Which situation is most likely an indicator that an economy has reached a peak???

A. After months without any change, the gross domestic product fell for two months in a row.

B. After months of consistently falling, the gross domestic product stayed the same for two months in a row

C. After months of consistently falling the unemployment rate stayed the same for two months in a row

D. after months without any change, the unemployment rate fell for two months in a row

Answers

A peak occurs when unemployment is low, inflation is high, and business activity achieves a temporary maximum. Recessions occur when overall output declines, unemployment increases, and inflation decreases.

Of the following, which is an illustration of an economic indicator?

Numerous indices, earnings reports, and economic summaries are used to measure the economy, including the unemployment rate, quits rate (quit rate in American English), housing starts, consumer price index (CPI), inverted yield curve, consumer leverage ratio, industrial production, bankruptcies, and gross domestic product.

Which of these is an economic indicator that reveals the state of an economy?

Since it tells us about the size and health of an economy, GDP is important. Real GDP growth rate is frequently utilised.

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Which of the following emanate from laws, customs, and practices, and from unwritten attitudes, values, and norms that influence how people interact with each other? a. Professional ethics b. Chain ethics c. Business ethics d. Societal ethics

Answers

Societal ethics come from unwritten attitudes, beliefs, and conventions that affect how people interact with one another as well as from laws, customs, and practices. Here option D is the correct answer.

Societal ethics refers to the set of moral principles, values, and beliefs that are accepted and upheld within a particular society. These ethics are shaped by a number of factors including laws, customs, and practices, as well as unwritten attitudes, values, and norms.

The principles of societal ethics influence the way people interact with each other, and they play a crucial role in shaping individual and collective behavior.

They are often deeply ingrained and are seen as an expression of the unique character and culture of a society. Businesses operating within a society must be aware of these societal ethics and align their operations with them in order to be considered responsible and ethical.

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Because of a recession, the inflation rate expected for the coming year is
only 3%. However, the inflation rate in Year 2 and thereafter is expected
to be constant at some level above 3%. Assume that the real risk-free rate
is r* 5 2% for all maturities and that there are no maturity risk premiums.
If 3-year Treasury notes yield 2 percentage points more than 1-year notes,
what inflation rate is expected after Year 1?

Answers

The inflation is expected after Year 1 is 6%, under the assumptions of PEH and considering as Treasury Bonds.

What is the inflation rate?

Inflation is the amount that prices rise over a certain period of time. The term "inflation" is used to denote a rise in consumer spending on goods and services. The rate at which these prices fluctuate is used to compute it. While prices frequently rise over time, they can also fall, a scenario known as deflation. A nation's cost of living increase or the overall increase in prices are two examples of broad measures used to describe inflation.

Consider inflation premium. Thus,

rt = r* + IPt

IPt = Average inflation = ( I1 + I2 +)/N

Given:

r* = 2% and inflation rate in Year 1

(I1 = IP1 = 3%).

Yield on a 1-year bond must be:

rT1 = 2% + 3% = 5%

Yield on 3-year bond is 2% higher

So, the rT3 = r1 + 2% = 5% + 2% = 7%

Since,

The rT3 = r * + IP3 = 2 % + IP3 = 7%

Therefore, average inflation over a 3-year period must be

IP3 = 7% - 2% = 5%.

As inflation will remain constant after Year 1.

The inflation after Year 1 can be expressed by I. Then,

(3% + I + I) /3 = IP3 = 5%

Solving for I,

2 x I = 3 x 5 % - 3 %

2 x I = 12%

I = 6%

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Aggression and rationalization are examples of ________ that people sometimes adopt to protect their egos from feelings of failure when they do not attain their goals.

Answers

An example of a defence mechanism used by people to protect themselves is aggression.

A person uses unconscious psychological defence mechanisms to protect themselves from worry caused by unfavourable thoughts or feelings. According to Freudian theory, defence mechanisms involve a female distortion of reality in order to aid us in dealing with a situation. A defence mechanism, in accordance with psychoanalytic theory, is an unconscious psychological mechanism that protects against anxiety-inducing thoughts and feelings related to internal conflicts and environmental stressors. To protect their self-esteem, the client builds defences. The client may employ defence mechanisms without being aware of them or comprehending their purpose. The presence of a defence mechanism, however, indicates that the client feels threatened and needs their self-esteem and self-concept to be safeguarded.

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The inhabitants of the fictional economy of Atlantis use money in the form of cowry shells. The Atlantian economy can be modeled by the circular flow diagram depicted in this chapter. Firms produce potatoes and fish, and households buy potatoes and fish. Households also provide land and labor to firms For each of the following impacts on the Atlantian economy, correctly determine how the economy changes using the flows from the circular flow

Answers

An increase in the price of potatoes will cause an increase in the flow of money from households to firms, and a decrease in the flow of money from firms to households.

The increase in the price of potatoes will cause a shift in the circular flow diagram. Households will pay the firms more for potatoes, thus increasing the flow of money from households to firms. This in turn will lead to an increase of money available for firms to purchase land and labor from households. Additionally, households will buy less potatoes as the price increases, reducing the flow of potatoes from firms to households. This will result in a decrease in the flow of money from firms to households, as households will have less money to spend on fish. In conclusion, an increase in the price of potatoes will cause an increase in the flow of money from households to firms, and a decrease in the flow of money from firms to households.

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YOUR TASK
Scarcity, Opportunity Cost, Wants, Markets, Law of Demand, Law of Supply, Market Failure, Unemployment Rate, Structural Unemployment, Human Capital, Inflation Rate, Gross Domestic Product, Consumption, Economic Growth, Supply Side Fiscal Policy, Taxation, Public Debt, Fiat Money, Cryptocurrencies (Bitcoin), Liquidity, Trade-off between Risk and Return, Monetary Policy, and Saving.
Choose one concept from the list above, and write a paper a 1,000 to 1,200 word paper (1,000 words is the absolute minimum) in which you state a response to the following prompt;

"Before completing the assignments (Discussions, Case Studies, and Homework) in this course I thought about (one of the concepts from the list) in this way ..., now I think ... ".

ABOUT YOUR RESPONSE
You are free to organize and arrange your sentences and paragraphs in any way you see fit, but your response MUST at least have the following 5 elements:

It must state and define the concept or idea.

It must explain how you viewed or understood the concept before completing the course assignments.

It must explain your new way of viewing, or understanding the concept.

It must say the reason why your perspective, or understanding changed. In other words, what did you do, see, or hear as a result of completing the assignments that helped transform your opinion.

It must have information, data or facts, that supports the reason for your change. The information, data or facts can be presented in the form of an example, or as part of an explanation, but it must be explicitly connected to at least one of the assignments.

As you produce your response, you should also consider the following:

The implications of the change in perspective. In other words, now that you see this concept in this way, what are some of the things that will come after? What will you do differently? What follows? Also, analogies and metaphors are a great way to illustrate how one views a concept or an idea.
Make an attempt stick to the 1,200 word maximum, any content written in excess of the 1,200 word maximum may not count towards the grade. Papers not meeting the minimum requirement of 1,000 words will receive a ZERO.

Answers

The research paper on Scarcity is written below

What is Scarcity?

Scarcity refers to the limited availability of resources in comparison to the unlimited wants and needs of individuals. Before completing the course assignments, I thought of scarcity as simply a lack of resources. Now I understand that scarcity is a fundamental concept in economics that drives all economic decision making.

Before taking the course, I had a limited understanding of scarcity and how it affects individuals and the economy as a whole. I thought scarcity was just a matter of having too little of something, and that the solution was simply to produce more. However, after completing the course assignments, I now have a deeper understanding of scarcity and how it affects the economy.

My perspective changed as I learned about opportunity cost, which is the cost of giving up the next best alternative. I realized that every time we make a decision, there is a cost associated with it, and that scarcity forces us to weigh the costs and benefits of our choices.

I also learned about market failure, which occurs when the market fails to allocate resources efficiently. This concept was particularly eye-opening because it showed me how government intervention can be necessary to address market failures and ensure that resources are allocated efficiently.

Furthermore, I learned about the relationship between unemployment and economic growth. I now understand that high levels of unemployment can lead to a decline in economic growth, as unemployed individuals have less money to spend and invest. On the other hand, economic growth can create jobs and reduce unemployment, leading to a virtuous cycle of growth and prosperity.

The information, data, and facts that support my change in perspective include the course assignments, class discussions, and outside research. Through these resources, I gained a deeper understanding of the economic concepts and theories related to scarcity.  The implications of my change in perspective are significant. Now that I understand the concept of scarcity in a deeper way, I can make more informed decisions about how I allocate my own resources, such as time and money.

In conclusion, my understanding of scarcity has changed significantly as a result of completing the course assignments. I now understand that scarcity is not just about the lack of resources, but about the trade-offs that must be made when allocating those resources.

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Most real-world choices aren't about getting all of one thing or another,instead, most choices involve _________________, which involves comparing the benefits and costs of choosing a little more or a little less of a good.what is the blank from that sentence?a) utilityb) opportunity costc) benefit analysisd) marginal analysis

Answers

Most choices involve d.marginal analysis, which involves comparing the benefits and costs of choosing a little more or a little less of a good.

Instead, the majority of decisions require marginal analysis, which involves weighing the advantages and disadvantages of selecting slightly more or slightly less of an item. The rule of declining marginal utility, which states that when a person obtains more of an item, the additional (or marginal) benefit from each additional unit of the good falls, is the name economists give to this trend. As a result, the first pizza slice is more satisfying than the sixth.

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Choose one of the topics below. Then perform an audience analysis, using the questions above to gain an understanding of the needs of different audiences. Write a profile of your intended reader(s) and consider what sort of information they will need and why? 1. You have been asked to write a report on Maintaining Internet Privacy for a) A new internet user who just signed up for internet service b) A start up e-commerce website developer 2. Prepare a document on Food-born Diseases for a) Restaurant workers (servers and kitchen staff) b) For a health inspector training course 3. Provide information on a proposed New Bus Shelter Design to a) Mayor's office Suzan Last b) Contractor c) Newspaper reporter writing an article on the issue

Answers

A start up e-commerce website developer have to prepare a document on Food-born Diseases for newspaper reporter writing an article on the issue.

A new internet user who just signed up for internet service: This audience may be unaware of the risks and dangers of using the internet and will require simple, easy to understand information on how to protect their personal information online.

A start-up e-commerce website developer: This reader is likely to be more tech-savvy and familiar with the internet. They are likely to have a deeper understanding of the potential risks associated with operating an e-commerce website, but may not be familiar with the best practices for maintaining internet privacy.

A start-up e-commerce website developer: This reader will need more in-depth information on how to maintain internet privacy when building and operating an e-commerce website, including information on secure data storage and protection, compliance with privacy laws and regulations, and best practices for protecting customer data.

Both audiences need to understand the importance of maintaining internet privacy and the potential consequences of not doing so.

Therefore, the correct option is (b).

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Commercial banks in Country A hold no excess reserves. The required reserve ratio is 0.1. The central bank of Country A has become concerned about a steep decline in investment spending. (a) Calculate the simple money multiplier. Show your work. (b) Identify an open market operation that Country A's central bank is likely to implement to address the decline in investment spending. (c) Draw a correctly labeled graph of the money market and show the effect of the central bank's policy identified in part (b) on the nominal interest rate. (d) Explain the effect of the change in part (c) on aggregate demand in the short run.

Answers

10 will be the simple money multiplier, open market operation will be a purchase of government securities and the graph will be money demand curve to the right, leading to a decrease in the nominal interest rate.

The simple money multiplier can be calculated using the formula:

Money multiplier = 1 / required reserve ratio

In this case, the required reserve ratio is 0.1

so the simple money multiplier = 1 / 0.1 = 10

Interest rate is the cost of borrowing money or the rate of return on savings. It is the price that borrowers pay for the use of money and the reward that savers receive for lending money. Interest rates play a critical role in the economy, influencing consumer spending and investment decisions. High interest rates can make borrowing expensive, reducing demand for loans and slowing economic growth. Low interest rates, on the other hand, can encourage borrowing, increase consumer spending, and stimulate economic growth. Interest rates also have a significant impact on the stock market, currency exchange rates, and the value of bonds. A rise in interest rates can cause a decline in the stock market, as investors move from stocks to bonds to take advantage of the higher return on savings.

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Which of the following are best practices to secure your account using AWS Identity and Access Management (IAM)? Choose 2.answer choicesA) managing access to AWS resourcesB) defining fine-grained access rightsC) Provide users with default administrative privileges.lD) eave unused and unmanaged users and credentials in place.E) avoid using IAM groups to grant the same access permissions to multiple users

Answers

Managing access to aws resources, defining fine-grained access rights are best practices to secure your account using AWS Identity and Access Management (IAM).

What exactly does identity and access management (IAM) entail?

In your business, identity and access management (IAM) makes ensuring that the appropriate individuals and job responsibilities (identities) have access to the resources they need to perform their duties.

                                   Your company may control staff apps using identity management and access management tools without having to log in as the administrator to each app.

What exactly is an access control system?

An access management system can be used to manage and track user access permissions and access rights to files, systems, and services to help safeguard businesses against data loss and security breaches.

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Match the types of marketing
efforts to their descriptions:

1. customer-oriented marketing
2. customer value marketing
3. innovative marketing
4. sense of mission marketing
5. societal marketing


Thinking about what's good for
society

Thinking about what customers
want and need

Thinking about the company's and
the product's mission

Thinking about product
improvements and incorporating new
ideas

Thinking about how to improve
value for customers

Answers

The goal of marketing is to generate interest in the products or services that your business offers. This is accomplished by marketing, analysis, and comprehension of the interests of your prospective clientele.

Why is marketing important? What is it?

The term "marketing" refers to a broad range of actions used to promote and sell your goods and services to consumers. Although advertisement is the most popular marketing technique, it also includes other elements like customer research & product design.

What is a marketing example?

It is, in essence, an action made to draw attention to a business's offerings, which may include both physical products for sale and services offered. Advertisements in magazines, posters on the roadside, and television commercials are a few instances of marketing in action.

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consider the personal savings rate in the united states. order these years according to savings rate, beginning with the year in which the savings rate was lowest.

Answers

According to savings rate, the years in which the savings rate was lowest to the highest are: 2005, 2011, 1981, 2020.

Personal Savings in the United States averaged 8.92% from 1959 until 2022, reached an all-time high of 33.80% in April of 2020 and a record low of 2.20% in July of 2005.

Why is the US personal savings rate so low?

The low rates are partly because of the pandemic forbearance programs and fiscal support, but it still shows Americans are in quite good shape financially. Another metric worth looking at is the household debt to gross domestic product ratio.

In June 2022, the personal saving rate in the United States amounted to 5.1%, down from 10.5% in July 2021. Personal saving rate is calculated as the ratio of personal saving to the disposable personal income.

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Although part of your question is missing, you might be referring to this full question: Consider the personal savings rate in the United States. Order these years according to savings rate, beginning with the year in which the savings rate was lowest. 1981, 2005, 2011, 2020.

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