2. List at least three things you would consider when choosing a bank and account type. (1-3 sentences. 3.0 points)…
Determine if the demand for the following products is price elastic or price inelastic, and explain your answer. In your explanation, be sure to include how the necessity of a good and the availability of substitutes affect the price elasticity of demand in each of these specific cases:…
The law of demand states that quantity demanded rises as price falls and other things stay constant. The quantitly of a good demanded is inversely related lto the good’s price. (Colander, 2013, Chapter 4). For example, as the price of a good increase the demand for that good will decrease. The law of demand also relates to a decrease in the price of a good will increade the demand for that product.…
When looking at a demand curve for a particular product. The slope falls downward from…
The amount of risk you are able to handle without being too negatively affected by it.…
* Monopoly: a market structure with just a single producer completely dominating the industry, leaving no room for any significant competitors. Example: monopolies can harm the economy most are illegal according to federal legislation.…
3. A business that sells watches that are more inexpensive than the watches a competitor sells is using which type of competition? (0.5 points)…
3. A business that sells watches that are more inexpensive than the watches a competitor sells is using which type of competition? (0.5 points)…
3. A business that sells watches that are more inexpensive than the watches a competitor sells is using which type of competition? (0.5 points) A Luxury Business Model is being used when a company sells merchandise more expensive than competitors.…
6. People have different styles when it comes to handling their money. List two different things that affect your personal beliefs and opinions about financial planning. How well money? Can you spot areas for improvement in your money management style, and if so, where/ how? Personally with me money doesn’t come easy so when I get it I have to save it not just spend it. I am not a person that will usually blow a lot of money. I am the type that will try to invest my money just as long as I know that whatever I invest in is real and not a scam I like checking the internet for ways of investing my money such as stocks and bonds. I can spot ways of improving my money all the time. I have trackers and online notifications that give me all kinds of ideals of managing my money and ways of earning more I recommend everyone to familiarize themselves with the resources of the internet.…
1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points)…
3. When disasters hit an area, the cost of everything seems to go up immediately: food, water, housing, gas and so forth. Explain why this phenomenon may be a good thing, using the laws of supply and demand to explain your…
People have different styles when it comes to handling their money. List the two things that affect your personal beliefs and opinions about financial planning. How well do you feel you manage your money? Can you spot areas for improvement in your money management style, and if so, where/how?…
3- State four ways in which, according to Emile Durkheim, deviance is functional for society as a whole.…
Law of demand tells us that P goes up Q goes down or P goes down and Q goes up.…