<u>The correct answers are the following:</u>
<u>Microeconomics</u>
- The effect of a cigarette tax on the quantity of cigarettes sold
<u>Macroeconomics</u>
- The effect of federal government spending on the national unemployment rate
- The effect of an increase in the money supply on the rate of inflation
Microeconomics is defined as the study of the individual decisions reached by economic agents (households/individuals, firms and public sector entities) in the markets of products services and factors of production.
Macroeconomics is the study of the economy as a whole, using aggregate indicators that are the result of accummulating thousands or millions of the individual decisions studied in the micro approach, and which measure the behaviour of the whole economy of a certain country, region, or even the whole world (depending on the level of aggregation used!)
Answer:
The correct answer is letter "D": What is the best business entity and structure setup for continuity and transferability?
Explanation:
If an investor is considering to start a new business and thinking about how his children will continue with the company after his or her pass away, the factors to be considered are the<em> type of entity</em> that could be more convenient for his children according to their interests and the <em>transferability </em>of the organization upon the decease of the original owner.
Types of entities refer to the structure the firm will take and the responsibility the owners will take. We could identify sole proprietorships, partnerships, Limited Liability Companies (LLCs), and corporations to mention a few.
When it comes to transferability, for instance, in sole proprietorships, partnerships, and LLCs that cannot be done upon the death of an owner. For such a case a new organization has to be born. That situation does not happen in corporations since ownership can be transferred by the purchase of stocks and the entity remains the same.
The correct answer is market price.
Market price is the price that you normally pay when you want to buy something. This price is usually higher than what the store that is selling it got it from the manufacturer, because it is buying the product in bulks. You as a consumer will have to pay this price when all discounts, allowances, and rebates are subtracted.
Answer:
c. consistent with the cost-benefit model because most people intuitively weigh costs and benefits
Explanation:
People weight the cost and benefit before making desitions Some times without noticing they are doing it.
Also is important to notice intuition takes a role when there are shades in the information, the effect on the personnel and when not all information is available.
When an advertiser is in the process of creating an ad and debates whether to run the ad on television or in print, the advertiser is deciding on which <u>medium</u> to use.
Mass media simply means the array of media technologies that can be used to reach out to people. There are several mediums to reach out to people such as television, radio, newspapers, etc.
Since the advertiser wants to create an advertisement is deciding whether to run the ad on television or in print, then the person is deciding on the medium to use.
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