Which of the Following People Will Benefit the Most from Using

question 69

Multiple Choice

Which of the following people will benefit the most from using a B2B website?

• A) Akiko,who provides services to other smaller businesses which helps them establish themselves in the market
• B) Rahim,who wants to sell his old furniture before he moves to a different city
• C) Rohan,who runs a company that sells organic cosmetics directly to consumers
• D) Mika,who sells hand-made and inexpensive jewelry to college students

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Definitions:

Potential Output

The level of productivity an economy can achieve with full employment and resources utilization, without causing inflation.

Natural Rate

The Natural Rate often refers to the natural rate of unemployment, where the unemployment rate is at a level expected in a fully efficient market without cyclical or short-term unemployment.

Long-Run Aggregate Supply Curve

This curve shows the relationship between the overall price level and the total output produced in an economy when wages and resource prices fully adjust to changes, reflecting an economy’s maximum sustainable output level.

Potential Output

A measure of the highest level of economic output an economy can sustain over a period without increasing inflation; synonymous with potential GDP.