Economics Principles pt 2

Businesses in a private enterprise system usually do not raise prices to increase profits because they exist in a(n) ________ environment.

A country's central bank issues too much currency given the size of its economy. The country's business sector cannot expand to meet the excess demand caused by the increased amount of currency in circulation. As a result, ______ will go ______ and ______ will result.

According to the law of diminishing returns, what usually decreases at some point with the addition of more employees if all other factors stay the same?

The best time for a business to purchase new equipment is when:

During a recession, interest rates are likely to ______ because demand for money is ______.

Which of the following will foster a business's ability to adapt to changing markets?

Why does the demand for money go down when the demand for bonds goes up?

How does a country's central bank help control inflation?

The internet creates/enhances form utility by

One way to regulate the nation's money supply is by changing the

Higher prices that result from a tax on luxury goods are likely to result in

The exchange rate between U.S. dollars and Canadian dollars, which is determined by the unimpeded interaction of supply and demand in the foreign exchange market, is a ________ exchange rate.

Which of the following is an example of how a country's political environment can impact world trade:

Which of the following is a global trade issue that directly affects children in developing nations:

Which of the following is a result of emerging economies entering the global market:

Keri works as a public relations consultant for a large corporation. She reviews issues and makes recommendations to managers. Keri has ________ authority.

A business creates an organizational design in which no employee has to report to more than one manager at a time. This is following an organizational principle called

How has the ability to travel more freely contributed to globalization?

A company in your city recently announced that it is moving most of its manufacturing to another country. The business claims it must do so to save money, but people in your community are upset because the business is engaging in

Economic factors can affect a business's operations by

The Telford Pharmaceutical Company is concerned that proposed regulatory changes may negatively impact its research and development initiatives, profitability, long-term growth, and the well-being of patients who may benefit from using its products. What can the company do to influence legislation and protect its interests?

Which of the following is an example of a business's ethical obligation to its stakeholders:

Which of the following is a primary factor that affects the economies of scale:

For a business to adapt to changing markets, it is important that it develops an internal environment that encourages

When consumer spending increases, the demand for money tends to

What are businesses contributing to when they financially support local charities?

Businesses must consider labor laws in other countries due to

Jackson travels to many other countries for work. Before he visits a new country, he always researches the customs and language of the country to avoid offending his clients. Jackson is paying attention to ________ considerations.

Videoconferencing has made it easier for businesses to

What do countries belonging to a major trade alliance experience when conducting business with alliance partners?

Which of the following statements regarding the foreign exchange market is true:

Which of the following is a geographic factor that impacts a country's ability to trade:

Which of the following illustrates the impact of a country's history on world trade:

If a country with a developing economy participates in free trade, it can expect to encounter

Which of the following is an advantage of doing business in an emerging economy:

Which of the following statements is true regarding international labor issues:

A car dealership purchases new cars from a Ford factory and then sells them to consumers. What type of business model is this?

Which of the following is an advantage of opening a franchise:

The U.S. government instituted an expansionary fiscal policy, resulting in increased demand for goods and services. Foreign countries are likely to experience a

Which of the following is a sign of corruption in a developing country:

What effect does a decrease in overall productivity usually have on the economy?

What is the difference between a visa and a passport?