Better Business (5th Edition)

Chapter 2

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Economics is concerned with production, ... more

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Supply is linked to the number of goods and ... more

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Competition takes place between entities who ... more

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Economic indicators help in analyzing economic ... more

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Business cycle is divided into four stages-... more

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It deals with the decision-making and economic ... more

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Pure monopoly means there is only one seller and ... more

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The curve would not shift towards the right side ... more

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Changes in technology are a factor that affects ... more

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It is added to the GDP when the goods and services... more

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GDP means goods and services produced in a ... more

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Frictional is also called search unemployment and ... more

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An increase in the government spending will ... more

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Inflation results when there is a continuous rise ... more

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Peak is that stage in the business cycle that ... more

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True: The statement is not true as macroeconomics ... more

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True: The statement is not true as when banks ... more

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True: The statement is not true as the economy ... more

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True: The statement is true as it created a ... more

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The statement is true as M1 money supply consists ... more

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Fiscal Policies are crucial part of any economy. ... more

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Advantages of privatization include improvement of... more

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The definition of GDP can be revised considering ... more

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During the financial crisis of Country U, the goal... more

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Minimum wage policy was introduced to protect low-... more

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Taxes are considered as one of the main revenue ... more

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Economic equality does not mean equal compensation... more

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People have different capabilities, interests, ... more

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Economic inequality commonly means the difference ... more

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Methods to assess economic equality:The dispersion... more

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The policies of The Federal Reserve Bank are as ... more

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Due to the complaints by long-distance service ... more

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The supply-demand game is designed in the form of ... more

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Professional sports can have an impact on the ... more

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This game gives an understanding of how monetary ... more

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Gadgets I and K and other e-readers are likely to ... more

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League M, the national NH league, national NF ... more

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