The Main Activities of Value Chain Members Include All of the Following

question 132

Multiple Choice

The main activities of value chain members include all of the following except ________.

• A) bringing in materials to make the product
• B) converting the materials into the final product
• C) providing unbiased information about the product to consumers
• D) shipping out the final product
• E) servicing the product after purchase

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Definitions:

Stabilize Output

Involves government or central bank interventions to minimize fluctuations in a country's economic production or GDP over the business cycle.

Aggregate Demand

The total demand for all goods and services within an economy at various price levels, in a given time period.

Automatic Stabilizer

Economic policies and programs, such as unemployment benefits and taxation, that automatically adjust to counteract economic fluctuations without direct intervention by policymakers.

Crowding-out

A situation where increased public sector spending leads to a reduction in private sector spending.