Changes in Any of the Following Variables Contribute to Changes

question 19

Multiple Choice

Changes in any of the following variables contribute to changes in GDP. Which one typically changes most over short periods of time?

• A)the labour- force participation rate
• B)the number of workers who are available to work and the output produced per worker
• C)the number of workers who are available to work
• D)the number of employed workers as a portion of the number of workers available to work
• E)the output produced per worker

Explain the role of social media in e-commerce.

Distinguish between various business models used by online platforms.

Understand the concept of electronic tendering and its mechanisms.

Recognize different payment options available in e-commerce.

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Definitions:

Substituted Goods

Products or items offered in place of the original goods specified in a contract, often acceptable if they meet the contract's terms and intended use.

Mutually Exclusive

A condition where two events cannot both occur at the same time, often used in statistics and probability theory.

Remedies

The methods used to uphold a right or address and remedy the infringement or breach of a right.

Cumulative

Describing something that increases or accumulates over time by successive additions.