Exam 6: Section 3: Does It Matter: Society, Ethics and Business

There are lots of retail stores to buy running shoes in Canada. Walmart, Payless Shoes, Sporting Life, Sears, Athletic World, and the Running Room are just a few examples. There are a variety of prices, styles and designs to choose from. This is an example of:

As the sole producer of a product or service, a company in this form of competition is a:

A downward change in the economy can result in an increase in:

Pepsi, an established, global cola manufacturer, likely uses the following examples of the factors of production today:

In Year 1, Jerry decided to give up a job that paid an annual salary of $100,000 to go back to school. College tuition cost a total of $50,000 for one year. However, in Year 2, after graduation, Jerry got a job that paid $200,000. The opportunity cost of getting an education for Jerry is:

Facebook is a U.S. online social networking site that advertizes to millions of its members across Canada, the United States and abroad. The U.S. gross domestic product (GDP) would include ________ from Facebook.

An economic environment refers to the:

Cola manufacturers such as Coke and Pepsi are an example of this type of competition:

The factors of production include all of the following except:

When only frictional unemployment exists, and no structural or cyclical unemployment is present, there is: