Answer: Recession; Depression; Peak ; Trough
Explanation:
The business cycle is the short-term movement of the economy as it goes in and out of recession.
A recession is the significant decline in the national output. Die to recession, there are less consumption by consumers and this negatively affects the national output.
A depression is a lengthy and deep decline in the output of an economy. When there's a long time contractions in economic activities, depression has taken place.
A peak is the highest point of output before the start of a recession. It is when growth and reached its maximum rate in an economy.
Trough is the lowest point of output when there is a recession. It is the lowest point when there's a decline in economic activities.
Answer:
Part of the model: thinking can be taught, thinking is an active transaction between the individual and the data, the process of thought evolves by a sequence that is lawful.
Answer:
False. The author will NOT prefer a higher book price than will the publisher.
Explanation:
It is evident from the diagram -please check the attached image to the exercise- that the author wants to set a lower price than the publisher (to sell the higher quantity)
.
Answer:
<h2>The answer in this instance, would be option a. or $365.</h2>
Explanation:
- In this case, the original price of the baseball game ticket is $170 as paid by Max to buy the ticket and someone offered $365 to sell his ticket to that person.
- Note that Max is basically giving up or sacrificing the opportunity of earning $365 as he decides to attend the game and not sell his ticket.
- Therefore,in this case, the opportunity cost of attending the game by personally purchasing the ticket to Max would be $365 as he is foregoing the opportunity to earn additional $365 by refusing to sell his ticket and go to the game instead.
Answer:
C). Deliver the specified end product within 10 business days
Explanation:
A Defence Priorities and Allocations System (DPAS) rated order is a purchase or contract order that is in line with the terms of DPAS.
When a DPAS rated order is placed, the contractor must do the following; accept the rated order, be able to provide preferential delivery and the contractor must in the same light place rated orders with subcontractors.
What DPAS does not do, is to give contractors a stipulated time, e.g 10 business days to deliver the specified end product.
