Answer:
D. money that is authorized by a central bank and that does not have to be exchanged for gold or some other commodity money
Explanation:
By definition, fiat money is a physical money that is made a legal tender by the government or other authoritative figure.
It is not backed by any physical commodity like silver or gold but only by the government that distributed it . Additionally, if inflation occurs in a country that uses fiat money as a legal tender, the owners will go at a huge loss since it cannot be redeemed and in worst case scenario such as hyperinflation, it will be worthless.
We can write ratios in fraction form
1:6 = 1/6
2:11 = 2/11
Therefore we can expand the fractions so that the bottom number will be the same
1/6 = 11/66
2/11 = 12/66
11 is less than 12, which means there's less men on tuesday.
Therfore on tuesday there should be more women.
Answer:
the correct answer is A. There is no way to produce more of one good without producing less of another good.
Explanation:
In Economy, there is two principal variables, the goods and the resources to produce that goods. The term Efficient means the best way to produce one o more goods using less resources, it means that in teory, more resources you use, more goods you produce, but the resources are limited and they are distributed proportionally to produce in the most efficient way all the goods in an economy. So in order to produce more from one good, is necessary to take resources out from another productions, and doing so, the production of the second good will be diminished.
Answer:
The quantity of newspapers sold will decline if
d. newsprint becomes more expensive.
Explanation:
The reason for this is the demand curve. The demand curve is the relationship between the price of newspaper and the quantity demanded. As price rises, people would have less capacity and willingness to buy newspaper therefore reducing the quantity sold.
Why not other options:
a. magazine prices rise- magazine is a substitute of newspaper and if price of magazine rises then people will start buying more newspaper and therefore increasing the sales of newspaper instead of declining.
b. prices are reduced- If the prices are reduced, more and more people will have capacity to buy newspaper thus increasing sales instead of reduction.
c. the printers' union makes wage concessions- If cost of manufacturing newspaper is decreased(union takes low salaries now), selling price will also be lowered. This will result in increase of sales of newspaper rather than reduction
The importance of doing customer research is to have a drive for new product development. A research can be effective in pointing out consumer trends and fads, as well as opening a direct customer communication channel that feels prestigious for having its requests valued by a company. Through concrete data of potential customers and new customers, an organization has the ability to meet the actual demand of potential customers and make possible adjustments to the production process.
