Which of the Following Is an Example of an Economic

question 21

Multiple Choice

Which of the following is an example of an economic incentive to improve asset utilization?

• A)Fixed costs are relatively
• B)Incremental costs of extended hours may be covered by increased revenue and decreased crowding
• C)Advertising expenditures can be reduced because of the substantial increases in positive word-of-mouth
• D)Workers are relatively less expensive when they work more hours
• E)The cost to keep lights on and equipment running is not easily recouped by a few extra patrons.

Understand the distinction between monotheistic and polytheistic religions.

Grasp the variations in social stratification and work culture across different countries.

Recognize and differentiate between cultural customs, social mores, and taboos.

Identify the impact of religion on social and economic behaviors.

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Definitions:

Monetarists

Economists who believe that the variations in the money supply have major influences on national output in the short run and the price level over longer periods.

Money Supply

The total monetary resources accessible in an economy, including but not limited to cash, coins, and the balances held in checking and savings accounts, at a particular moment.

Reason and Good Sense

The ability to think about things logically and make judgments that are based on reason rather than emotion.

Fashion and Style

Pertains to the prevailing trends in clothing, accessories, and grooming, and how individuals express their identities and preferences through their personal attire and aesthetics.