A decrease in the demand for a product or service may result in unemployment from staff reduction.
Correct Answer:
Verified
Q3: Opportunity costs may be viewed only in
Q4: Inflation reduces the buying power of the
Q6: Increased demand for a product or service
Q8: Who is most likely to benefit from
Q14: Trade balance is defined as the difference
Q16: Developing and using a budget is part
Q21: Higher interest rates can be caused by:
A)a
Q22: Increased consumer spending will usually cause:
A)lower consumer
Q28: When an individual makes a purchase without
Q34: The ability to readily convert financial resources
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