Scott Is on a Team Working on an Important Project

question 33

Multiple Choice

Scott is on a team working on an important project.He is most often the person who comes up with ideas and is considered the creative force of the team.However,Scott is also the most knowledgeable person on the team in the programming language necessary to complete the project.According to team-role theory,he is most likely assuming what roles?

• A)completer and specialist.
• B)monitor and specialist.
• C)implementer and team worker.
• D)shaper and specialist.

Explain the relationship between national saving, domestic investment, net capital outflow, and their interaction within an open economy.

Understand how government budget deficits impact the open economy, including effects on real interest rates, domestic investment, and trade balance.

Comprehend the relationship between tax credits for investment and shifts in the demand for loanable funds and supply of dollars in the foreign-currency exchange market.

Recognize the effects of capital flight on demand for loanable funds, supply of dollars, and net capital outflows in the foreign-currency exchange market.

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Definitions:

Marginal Revenue

The increase in revenue that results from selling one additional unit of a product or service.

Horizontal Axis

The “left-right” or “west-east” measurement line on a graph or grid.

Economic Profit

The discrepancy between a company's complete income and its aggregate expenditures, covering both out-of-pocket and assumed costs.

Purely Competitive

A market structure characterized by a large number of sellers offering identical products, with easy market entry and exit and no single seller controlling market prices.