The basic principle is that if the price of a product goes up, all other factors being equal its demand will go down and vice versa (law of demand). Since in this case the price goes up, the demand will go down. The law of supply states that hen prices rise, supply rises too (in order to make profit). There is no general model predicting whether the market will be more competitive or not. Thus, the best answer from the above is A.
Within each of the three larger categories, best practices are categorized by four stages of process improvement.
<h3>What is Process Improvement?</h3>
Process Improvement serves as the proactive task of identifying as well as analyzing existing business processes within an organization.
The four stages of process improvement are;
- Identify the need for change
- identify the need for change.
- Analyzing current process
- Seek commitment and support.
- Look for improvement strategy
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<span>D) A numerical rating that expresses how likely you are to repay your debts.</span>
Answer:
C) The federal budget deficit is the year-to-year short fall in tax revenues relative to government spending (T < G + TR), financed through government bonds. The federal government debt is the accumulation of all past deficits.
Explanation:
Budget Deficit by definition is the shortfall in the budget as spending exceeds the budgeted tax revenues for the governments. They are indeed funded by government borrowing by issuing of bonds and borrowing money from the federal reserve.
The federal government debt or also called the national debt is the net accumulation of all the borrowed amount that is used by the government to deficit finance the budget in the current year and the previous years.
In return if a budget in a year turns surplus, that is the spending is less than revenue, it can help lower the national debt if the government policies allow.
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