Case EX 9-1 Andrea Is Preparing a Spreadsheet Showing Her

question 759

Multiple Choice

Case EX 9-1 Andrea is preparing a spreadsheet showing her earnings and spendings for the last year. Andrea wants to display the months in the format 2014-March. She needs to ____.

• A) use one of Excel's existing number formats
• B) create a custom number format
• C) create a new theme
• D) apply an existing theme

Understand the economic rationale for specialization and division of labor.

Analyze the impact of trade on economic output and progress.

Comprehend how exchange creates value and facilitates economic progress.

Identify the conditions under which individuals and nations gain from trade.

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Definitions:

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded.

Policymakers

Individuals or groups responsible for creating and implementing laws, regulations, or guidelines within an organization or government.

Milk Shortage

A situation in which the supply of milk is insufficient to meet the demand in a given market or area, often leading to increased prices.

Price Ceiling

A legal maximum price set by the government for a particular good or service to prevent prices from becoming too high.