what product would people around the world demand more of during tough economic times, and more importantly why?

Q: Which economic policies did Ronald Reagan pursue as president?

A: Ronald Reagan was the 40th President of the United States who has a major contribution in the…

Q: Why do you think it is important that prices are flexible in our economy? Do you think they reflect…

A: The Price flexibility maintaining the law of demand and supply in an economy. Thus, price…

Q: If bribery is common in a particular country, what effect will it have on the nations economy and…

A: Bribery: It means the act of offering money or any valuable thing for persuading them to do…

Q: Why should policymakers think about incentives?

A: The incentives refer to the extra income given to the people who had worked for additional hours. In…

Q: Why is it difficult for Hong Kong to develop the smartwatches industry?

A: The watch industry has allready been developed in Hong kong but when we talk about smart watch…

Q: how does distortions affect the market of tradable and non-tradable goods?

A: Market distortions: It refers to the intervention of the government that affects the price and…

Q: 10,000

A: The figure above represents the market for iced tea . Assume that this is a competitive market. In…

Q: How much would you spend on a diamond engagement ring? If you answered around the national average…

A:

Q: Why do we not rely on competitive markets to supply us with the “correct” quantity of money?

A: Money supply is regulated by the reserve bank or the central bank of any nation and is used for…

Q: Now Lebanon is facing an economic downturn. what kind of businesses (platform businesses or pipeline…

A: Lebanon’s GDP fell to $44 billion from $55 billion in 2019. The Lebanon economy was in a downturn…

Q: Imagine you are an economics professor in a world without money. Explain why it would be tricky to…

A: Money has important functions which are described as below: Money acts as a medium of exchange. The…

Q: When did Jesus died

A: April 3, 33 AD

Q: Which school of economic thought was adopted by FDR in the 1930s?

A: President Franklin D. Roosevelt stated that he would help all the people who are at the bottom of…

Q: . What are some of the economic factors that may have been contributing causes to the American…

A: American Revolution also knows as the war of independence of the United States was held from 1775 to…

Q: Do you see the rise of consumer power through evolving changes in technology? If so, how?

A: Technology is all that make things quicker, easier or cheaper. The rise in the technology leads to a…

Q: The supply chain is a convenient notion, but organizations are only really interested in making…

A: The movement and storage of raw materials, work-in-process inventory, and finished items, as well as…

Q: Ghana's president is also very interested in banning the imports of food in order to increase…

A: Ghana's president is also very interested in banning the imports of food So the cost of nutritious…

Q: Because the companies have a great deal of economic _______________ they can decide what products to…

A: Because the companies have a great deal of the ECONOMIC DEMAND they can usually decide what products…

Q: How would it be difficult to be a barber with a world without money

A: Barter System: The exchange of goods and services against the other goods and services is called a…

Q: What advantages does the Cotton Gin have over previous technologies?

A: A cotton gin is a machine that separates cotton fibers from their seeds fast and efficiently,…

Q: What can you say about the degree of impact that tourism has on our society

A: One of the most important components of the global economy is tourism. It produces sales of billions…

Q: Why do companies need to engage in the circular economy ?

A: Organization refers to a company that provides employment to people. An organization provides goods…

Q: Bread is always a consumer goods  True/False

A: A good being produced by a business and being bought by a consumer as a final good is known as…

Q: How does the economy defined the business financially

A: A business is part of the economy, where goods and services are exchanged or sold at a particular…

Q: As technological change makes us more sedentary and food costs increase, obesity is likely. What…

A: An increase in the cost of food and makes individuals more sedentary is one of the major drawbacks…

Q: in what will happen to the

A:

Q: What is the biggest industry today.

A: An industry is known as the branch of economy that produces raw material, goods, or other services…

Q: What type of advantage does the US have in producing televisions?

A: The country U would result in the advantage of producing television as the country would result in…

Q: What happens to the weight attached to food over time in most countries?

A: The CPI is the consumer price index. It measures the weighted average price of a basket of consumer…

Q: What factors must a company like Tesla consider when forecasting supply and demand?

A: The link between the amount of a product that producers want to sell at different prices and the…

Q: What will an increase in the price of substitute goods produced in foreign countries do?

A: Answer in Step 2

Q: Why do you think that college enrollments have flattened from 2010 to 2019 and are projected to be…

A: When making decisions, rational consumers want to maximize their own utility or satisfaction. Often,…

Q: Are these market changes good or bad for consumers?

A: A monopoly is a specific market structure that consists of only one seller with many buyers.…

Q: Why is it important for business leaders to be aware Marco economics.

A: MACRO ECONOMICS- macro economics is concerned with the problem of economy at aggregate level,…

Q: What can we do to stop hunger in the world?

A: Hunger refers to undernourishment of people. The problem of global hunger forces an individual to…

Q: How can the milk industry perform successfully in the future economy?

A: Milk is a important part of global food system and it is a source of income of the most rural…

Q: How does wealth and power effect relationships between producers and consumers?

A: Factors of production such as land, labor, capital, and enterprise are important for the business as…

Q: Choose from the bold choices below.  In the US, GDP per capita is about $60K and in Mexico it is…

A: Normal goods: - if the quantity demanded of any good increases with the increase in consumer’s…

Unfavorable Balance Of Trade

This topic is significant in the professional exams for both undergraduate and graduate courses, especially for