The aggregate demand curve slopes downward because it reflects a direct relationship between the price level and the amount of real output demanded. This statement is false.
<h3>What is a demand curve?</h3>
It should be noted that a demand curve simply means the graph that illustrates the quantity bought at a price.
In this case, the curve slopes downward because output reduces as price increases. This shows an inverse relationship.
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D) the availability of land, labor and capital
I think
Answer:
A. Raphael spend $800
B.$800
C.VALUE ADDED
Explanation:
A. The amount of $800 is the amount that would be included in the expenditure method reason been that Rapheal used the amount of $800 to pay for a new high-definition television (HDTV) as well as its installation
B. The total contribution to GDP which is measured by the expenditure method, is the amount of $800 calculated as :
The Stages of Production; The Sale Value - The Cost of Intermediate Goods = VALUE ADDED
The Home Station $50 - $0 = $50
Firedog $650 -$50 =$600
Better Buy $800- $650=$150
TOTAL $800
($50+$600+$150)
C.The contribution to GDP that you found using the expenditure approach corresponds to the sum of the VALUE ADDED at each stage of production
An industry that has many companies offering the same basic product, but with some slight difference is B. monopolistic competition.
Monopolistic competition is found in industries where slight differences of a product is possible but they basically offer the same thing. A few examples of monopolistic competition are those in the restaurant or hospitality career field. These businesses offer food or hotel rooms which are what their competitions offer as well, but what they include within their packages or their food offerings may differ.
Answer:
a) true
Explanation:
The Enterprise resource planning system is a single database that helps to collect data and feed into applications with a motive to support the various business activities like - purchases, production, distribution, sales, marketing, finance, human resource, information technology, etc
The aim of this system is to conduct each and every business activity in an effective and efficient manner so that each one can share the database so that tracking could be done that helps to reduce the time and cost.
