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Two measures of the impact of retailing in the global economy are______ and_______ .
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- Resource management for recreational purposes is a useful tool to understand the relationship between recreational aa) Discuss the positive impacts of tourism on Economics. b) Discuss the negative impacts of tourism on Economics.Tourism Economics also explores the concept of seasonality, which refers to the fluctuating demand for tourism services throughout the year. Many destinations experience peak and off-peak seasons, impacting businesses' revenue and employment levels. For instance, a ski resort may see high demand in winter but low demand in summer. This seasonality can create challenges for sustainable economic development in tourism-dependent regions. To address these challenges, destinations often: A) Close during off-peak seasons B) Develop alternative tourism attractions for different seasons C) Ignore the impact of seasonality D) Focus only on peak season revenueEffect of low consumer spending on micro economics? How to address the situation using the micro economics theory and concepts.
- An important social trend is the continued concern for health and well-being in the United States. This is most likely evidenced by Multiple Choice ____ the increased sales of Cigar Aficionado magazine. ____ the introduction of Snickers Maple Almond Butter candy bar. ____ the opening of more Starbucks coffee boutiques in supermarkets. ____ the upsizing of menu items at fast-food restaurants. ____ the introduction of fitness trackers such as the Fitbit.The application of data analytics to microeconomics could a) improve a firm's decision-making as it relates to their competitors b) provide insights to global economic policy c) produce a forecast of national GDP d) none of the aboveIdentify the relevant economic concept which can be matched to the descriptions below. Simple give the question number and the relevant terms/ words in each case Q.1.1 Government sets a price level in a market that is aimed at assisting consumers Q.1.2 Quantity demanded is less than quantity supplied Q.1.3 A situation where the quantity supplied of a good is highly sensitive to a change in the price of the good Q.1.4 A curve showing combinations of two goods that provide a consumer with a constant amount of utility Q.1.5 The addition to total output when one more worker is hired, ceteris paribus
- Explain Economic Change and Growing WeaknessA fast-food company spends millions of dollars to develop and promote a new hamburger on its menu only to find that consumers won't buy it because they don't like the taste. From an economic perspective, the company should keep the hamburger on the menu because they've spent so much money and time developing and promoting the product. spend more money to develop a more efficient way to cook the hamburger so it cooks in a shorter time. pull the hamburger off the menu and treat the development and promotion expenditures as a sunk cost. keep trying to sell the hamburger so that people who developed and promote it have a job with the company.Coffee is now the second most traded commodity in the world after crude oil. Not only has demand for various coffee products risen sharply in Western countries in recent years, increasingly there is also greater taste for coffee drinks in developing countries such as China and India. In addition, by-products of coffee beans have become popular such as coffee leaves which can be used to brew a tea with known health benefits. However, as a natural produce, coffee plants are subject to weather conditions. Recently major producers such as Brazil have been plagued by droughts. Using the demand-supply model, explain the likely effects of these phenomena in the coffee bean market. How can a market analyst use this information to her advantage?
- Please assist in answering these questions. The answers do not have to be explained. I will not buy my coffee from “XYZ” Company because of their use of children in production. This consumerism is called b. Company-based purchasing c. Fully screened approach d. Positive Buying The dimensions of globalization are a. Social, environmental, economic, and political b. Cultural, environmental, legal, and economic c. Political, legal, social, and economic Consumerism __________________ Question 11Answer b. posits that it is economically desirable to increase consumption of goods. c. provides that products manufactured are safe for consumers d. is the theory that posits consumers are more important than employees. Which of the following is not a tenet of Corporate Social Responsibility? b. Philanthropic responsibility c. Ethical Responsibility d. Consult with the stakeholders Which model of the BGS relationship assumes that…Explain why the goal of a society, production or consumption, has important implications for analysis and policy.discuss and analyze a current event in economics.