Question

In a situation where supply increases and demand decreases _____________ usually results

a. Chronic inflation

b. Inflation

c. Reflation

d. Deflation

The unemployment rate in the USA customarily indicates the _______________-

a. Percentage of the labor force that wants to work full time but can only find part time employment

b. Number of workers eligible for government services and unemployment benefits

c. Number of people who have stopped looking for work because full time jobs are unavailable

d. Percentage of unemployed workers seeking paid work relative to the total labor force

The ______________ is expected to account for about half of total world GDP by 2030

a. The European Union

b. The euronean union

c. Nation of china

d. NAFTA

e. BRICS

Alejandra is a manager for the Grissom Corporation. She has been given the task of analyzing the economies of three emerging economies to identify candidates for potential future expansion. One the following, which one is the least important for Alejandra?

a. What are the current economic policies related to development?

b. What factors in the country drive or hinder economic change?

c. What is the likelihood that the firm can full manufacturing positions with locals?

d. How much freedom will Graybold have to run its foreign oeprations?

Answer 1

a) "Deflation"

It is a situation where the demand is low and the supply is more leading to a glut in the market. This leads to decline in the price and deflation.

b) "D"

Unemployment rate = Number of people unemployed / Labor force.

c) "E"

BRICS is the acronym for Brazil, Russia, India, China and South Africa all these countries together will account for half of world GDP.

d) "D"

Who is Garybold anyway, And why would Alejandra care about him. The other options as extremely important to know the growth prospect of the firm in the country.