Business College

Economics
Consumer Priced Index (CPI) - Expresses the current price of a basket of goods or services in terms of the prices during the same period in a previous year.
Gross Domestic Product (GDP) - Monetary value of all the finished goods and services produced within a countries borders in a specific time period.
Macroeconomics - The study of large scale economic factors such as overall workings of a national economy and its relationship to international markets.
Microeconomics - The study and analyses of individual consumers and firms to understand the decision-making process of households and firms.
Choice - A consumer's decision to purchase one good or service over an alternative.
Scarcity - When demand is higher than availability.
Answer the following questions based on the above economic definitions:

What does CPI compare?
A) Money to People
C) Dollars to Euros
B) Purchasing power at different times
D) Wal-Mart to Target

What is the basic relationship between scarcity and choice?
A) Planned Economy
B) Free Enterprise
C) Strategic Industry
D) Absolute Advantage

What would help you decide if the price of a soda has increased or decreased?
A) Choice
B) GDP
C) Scarcity
D) CPI

What your family buys and sells is considered
A) Macroeconomics
B) Microeconomics

Pls help I can’t answer this last 4 questions.

Answers

Answer 1

Answer:

Here are the answers to the remaining questions:

What does CPI compare?

Answer: B) Purchasing power at different times

What is the basic relationship between scarcity and choice?

Answer: D) Absolute Advantage

What would help you decide if the price of a soda has increased or decreased?

Answer: D) CPI

What your family buys and sells is considered

Answer: B) Microeconomics

I hope this helps! If you have any more questions, feel free to ask.

Related Questions

Suppose you have the opportunity to invest in a project that provides you with $4,000 every year forever. If you require an 8% return on investments with similar risk, what is the most you would be willing to pay for this project?

Answers

To determine the maximum amount you would be willing to pay for the project, we can use the concept of the present value of perpetuity. The present value is the current worth of future cash flows discounted at a specified rate of return. In this case, the perpetuity provides a constant cash flow of $4,000 every year indefinitely.

The formula for the present value of perpetuity is:

Present Value = Cash Flow / Discount Rate

Given that the cash flow is $4,000 and the required return or discount rate is 8% (0.08 as a decimal), we can calculate the present value as follows:

Present Value = $4,000 / 0.08 = $50,000

Therefore, the most you would be willing to pay for this project is $50,000. This amount ensures that the annual cash flow of $4,000 is equivalent to an 8% return on your investment, considering the risk and time value of money.

For more such answers on amount

https://brainly.com/question/14510611

#SPJ8

Other Questions
Employee values are defined as those things that a person sees as __________________ to his or her welfare.A. conduciveB. coherentC. classyD. correlation Explain the function of power supply, readout, peripheral, microcomputer, transducer and processor What is the uncomfortable state that occurs when our outward behaviors and attitudes do not match? the bystaver effect conformity cognitive disonance Ogro polarization Outline the main monetary policy tools that a centralbank can use to control money supply. To what extent have they beeneffective in recent years? What is liquidity trap? Type the word that best matches the statement below. A) Anorexia B) Bingeing C) Bulimia D) Civil Commitment E) Competency F) Confidentiality G) Due Process H) latrogenic I) Insanity DefensJ) Malingering K) Purging L) Restricting Type M) Secondary Gain N) Splinter Skills O) Theory of Mind An understanding that others think and have feelings ____. ACTIVITY 3 (25 POINTS):Based on the theory in Chapter 6, the PPT slides on Listening and the AUM e-learning course Listening Even When it's Difficult to Listen: https://elearning.aum.edu.kw/aum/JLMS/search.aspx?searchkeyword=listening provide a 150-200-word paragraph as a solution for the following situation:Listening situation: Elizabeth needs to work on her listening skills. When she is in class, she neither pays attention to her professor most of the time nor what is being sad. She frequently withdraws her attention and starts daydreaming. When she daydreams, she allows her attention to wander to other personal events or what her classmates are doing. She stops listening and drifts away into her own thoughts and other personal issues. She becomes too busy with her personal concerns during lecture; and her preoccupations distracts her from listening attentively to her professor.Note: Remember to cite the sources used. How do muscular strength and muscular endurance differ? Describea scenario where you would have to determine whether to measurestrength or endurance and which test(s) you would need to use. a The drug Aflac was investigated as a possible inhibitor of a Dehydrogenase that acts on pregnenolone as a substrate in steroid synthesis. The activity of the Dehydrogenase was measured in the presence and the absence of 10 M Aflac. [Pregnenolone, uM] vo without I (pmol/min) vo with I (pmol/min) 1.0 0.00106 0.00079 5.0 0.00327 0.00242 10.0 0.00439 0.00326 20.0 0.00529 0.00395 Which of the following statements are False? Multiple answers: I A. The Km (M) in the absence of Aflac is 2.4. B. The Km (M) in the absence of Aflac is 5.4 C. The Km (uM) in the presence of Aflac is 2.4. D. The Km (M) in the presence of Aflac is 5.3. E. The Vmax (pmol/min) in the absence of Aflac is 6.8 x 10-3. F. The Vmax (pmol/min) in the presence of Aflac is 5.0 x 10-3. G. The x intercept in the absence of Aflac is -0.186. H. The x-intercept in the presence of Aflac is-0.188. Aflac binds to a site other than the active site on the Dehydrogenase. 1. Why is it important for counselors and other behavioral health professionals to become familiar with the use of the Diagnostic and Statistical Manual of Mental Disorders (DSM)? How can use of the DSMs cross-cutting symptom measures aid counselors in clinical diagnosing? 2. Two closeby speakers produce sound waves. One of the speakers vibrates at 400 Hz. What would be the frequency of the other speaker, which produces 10 Hz of beats? A. 10 Hz B. 390 Hz C. 410 Hz Consider three urns, one colored red, one white, and one blue. The red urn contains 1 red and 4 blue balls; the white urn contains 3 white balls, 2 red balls, and 2 blue balls; the blue urn contains 4 white balls, 3 red balls, and 2 blue balls. At the initial stage, a ball is randomly selected from the red urn and then returned to that urn. At every subsequent stage, a ball is randomly selected from the urn whose color is the same as that of the ball previously selected and is then returned to that urn. Let Xn be the color of theball in the nth draw. a. What is the state space?b. Construct the transition matrix P for the Markov chain. c. Is the Markove chain irreducible? Aperiodic?d. Compute the limiting distribution of the Markov chain. (Use your computer)e. Find the stationary distribution for the Markov chain. f. In the long run, what proportion of the selected balls are red? What proportion are white? What proportion are blue? The capacity of a 4-year-old child to understand that other people have a different perspective than they do illustrates their growing skill in which of the following abilities: O theory of mind O semantics O logical reasoning O pragmatics 5) What is diffusion and give a specific example of diffusion that occurs within the h body (example can be simple or facilitated diffusion). How is active transport different from diffusion? Give a specific example of an active transport mechanism/action within the body. define what optimism is, why its worth measuring, and thebenefit of creating a new measure. Use at least 3 peer reviewedreferences Which of the following do behaviorists believe regarding personality traits? A. They develop from outside experience. B. Developed only in Infancy OC. Biological D. Inborn Traits Example 8 A planet orbits a star in a year of length 4.37 x 10's, in a nearly circular orbit of radius 2.94 x 1011 m. With respect to the star, determine (a) the angular speed of the planet, (b) the tangential speed of the planet, and (c) the magnitude of the planet's centripetal acceleration. (a) Number Units m m (b) Number Units m/s (c) Number Units m/ s2 xhibit: Saving and Investment in a Small Open Economy In a small open economy, if the world interest rate is r1, then the economy has: a. a trade surplus. b. balanced trade. c. a trade deficit. d. negative capital outflows. Which type of conic section is defined by the equation:... 100pts A woman is standing on a bathroom scale in an elevator that is not moving. The balance reads 500 N. The elevator then moves downward at a constant speed of 5 m/s. What is the reading on the scale while the elevator is descending at constant speed?d. 500Ne. 750Nb. 250Nc. 450Na. 100NTwo point-shaped masses m and M are separated by a distance d. If the separation d remains fixed and the masses are increased to the values 3m and 3M respectively, how will the gravitational force between them change?d. The force will be nine times greater.b. The force will be reduced to one ninth.e. It is impossible to determine without knowing the numerical values of m, M, and d.c. The force will be three times greater.a. The force will be reduced to one third. Miss N, a 20 year old netball player, sprained her left ankle while playing 2 weeks ago. Her ankle is no longer swollen and she has regained full range of motion. However, she is complaining of weakness of her left ankle.1. What would be the most appropriate ankle exercise for this patient?2. Discuss whether contra-indications apply.3. Describe 5 goals of the chosen exercise in