Per the article that was referenced in class, a monopoly is always effective, because you can rely on the provider for their services; specifically – the energy company collects significant revenue and as a result, you can rely on them to provide electricity during a power outage. 

Low Unemployment leads to _______ Consumer Spending.

Adam Smith, Wealth of Nations, felt that introducing the division of labor into an assembly process only confuses and creates inefficiencies.

What are some ways Zappos works with its suppliers?  Please state 3 examples. Do you agree with Zappos’ approach with how they work with vendors – why or why not?

Using the Ansoff Matrix (1957), and the US company Chevy (car manufacturer) as an example, select the way they would incorporate Unrelated Diversification into their business.

If your marginal cost to make an extra 900 t-shirts is low, then you should not make them, because your profit will also be low.

Is the USA a net importer or exporter? [answer1]  Do we have a trade deficit? [answer2]

What is the difference between GNP and GDP?

What are the 4 P’s in the Marketing Mix?  Please select two:

What component of the GDP has the largest impact? What (approximate) percentage does this component represent?