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Consider the restaurant purchase you made in Topic 1. What was your decision-making behavior? Was it a routine, complex, or limited problem-solving situation? Identify which behavior and explain how the level of involvement played into your decision.
As we saw in the first topic, the decision-making process can range from very complex to routine.
If your restaurant decision was routine, please tell us how often you go to that restaurant.
Routine decision-making is usually related to brand loyalty or frequent purchases.
Describe some forms of private spending that represent consumption and some forms that represent investment. The national income accounts include tuition as a part of consumer spending. In your opinion, are the resources you devote to your education ..
Explain how difficulty will it be for the owner to plan for this new competitive threat.
What will happen to the price and quantity? What will happen to the amount that domestic producers supply? What will happen to revenues of domestic and foreign producers?
explain why the actual increase in M-1 will be smaller than that indicated by the over smplified multiplier.
What factors led to the mortgage default crisis? How did mortgage defaults affect banks involved in mortgage lending and mortgage investing? Securitization? TARP? What do these mean? What are some of the major provisions of the Wall Street Reform and..
Give an example of a government created monopoly. Is creating this monopoly necessarily bad public policy?
Why do members of the House and Senate follow complex, arcane rules and precedents in processing legislation even when such devices keep majorities from getting their way?
How could union members' current annual incomes decline on net even if a long-lived strike induces a firm's management to increase the hourly wage rate? Sometimes union memberships coordinate work stoppages when all workers call in sick. From an econ..
Which of the following possible in-kind transfers do you think raises the true income of recipients the most: free golf lesson, free transportation on public buses, or free food? Why?
Suppose that between 2003 and 2007, one group of individuals (Group 1) received job training while another otherwise similar group (Group 2) did not. Suppose that the average earnings of the first group went from $40,000 per year to $55,000 per year,..
Why do you think the FED evaluates the money multiplier when making decisions with regards to the money supply
With Australia going through a long-lasting drought in the first decade of the 21st century, serious concerns were raised about the possibility of running out of water.
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