Test Bank Better, Business,, 4th Edition Solomon
Chapter, 2, Economics, and, Banking
1) The, main, function, of, economics, is, to, study, .
A) the, exchange, of, goods, and, services, between, individuals,, busines
...
Test Bank Better, Business,, 4th Edition Solomon
Chapter, 2, Economics, and, Banking
1) The, main, function, of, economics, is, to, study, .
A) the, exchange, of, goods, and, services, between, individuals,, businesses,, and, nations
B) the, exchange, of, cultural, information, in, a, diverse, society
C) the, stock, exchange
D) the, exchange, of, diplomatic, relations, between, nations
E) the, exchange, of, ideas, about, motivation, and, behavior, in, the, workplace,
Answer:, A
Explanation:, A), Economics, is, the, study, of, how, individuals, and, businesses, make, decisions, to,
best, satisfy, wants,, needs,, and, desires, with, limited, resources., It, is, about, businesses, making, goods,
or, supplying, services, that, we, want, or, need, to, buy.
Diff:, 1
AACSB:, Reflective, thinking
LO:, 2.1:, What, is, economics,, and, what, are, the, different, types, of, economic, systems?,
Classification:, Concept
2) Celeste, is, interested, in, studying, the, effects, that, natural, disasters, have, on, the, value, of, goods,
and, services, in, the, affected, areas., Her, area, of, study, should, be, .
A) marketing
B) microeconomics
C) macroeconomics
D) sociology
E) sustainability,
Answer:, B
Explanation:, B), Microeconomics, is, the, study, of, how, individuals,, businesses,, households,, and,
consumers, allocate, their, resources, in, exchange, for, goods, and, services., Marketing, is, the, process,
or, technique, of, selling, goods, to, consumers., Macroeconomics, is, the, study, of, the, behavior, of, the,
economy, as, a, whole., Sociology, is, the, study, of, social, relations, and, change., Sustainability, is, the,
use, of, resources, without, permanently, depleting, or, damaging, the, resource.
Diff:, 2
AACSB:, Reflective, thinking
LO:, 2.1:, What, is, economics,, and, what, are, the, different, types, of, economic, systems?,
Classification:, Application.
[Show More]
Preview 10 out of 143 pages