The government agency that aims to provide Americans and visitors with the safest air transportation system possible by regulating the construction and maintenance of most airports and maintaining oversight on airplane design and maintenance is the Federal Aviation Agency. However, it's worth noting that its official name is the Federal Aviation Administration (FAA).
What government agency aims to provide Americans and visitors with the safest air transportation system possible by regulating the construction and maintenance of most airports and maintaining oversight on airplane design and maintenance?
Responses:
the Environmental Protection Agency
the Federal Aviation Agency
the National Highway Traffic Safety Administration
the Food and Drug Administration
11 answers
Kayla is part of a group of parents that have a carpool arrangement to get their kids to and from debate team practices and matches. Kayla picks up all of the kids and takes them home one week in exchange for another parent doing it the following week. This is an example of what kind of arrangement that is an element of a traditional economy?
Responses:
scarcity
bartering
elastic
laboring
Responses:
scarcity
bartering
elastic
laboring
Kayla's carpool arrangement is an example of bartering. In this context, the parents are exchanging services (driving the kids) as a form of trade rather than using money, which is a characteristic of a traditional economy.
Rather than being backed by money, traditional economies generally depend on _____ to support their economy.
Responses:
competition and surplus
skills and traditions
bartering and trade
stocks and bonds
Responses:
competition and surplus
skills and traditions
bartering and trade
stocks and bonds
Rather than being backed by money, traditional economies generally depend on bartering and trade to support their economy.
When determining how to price the goods that you will sell, if you notice that a lot of consumers want your product, you can typically do what to the price while still meeting the demand and making a bigger profit?
Responses:
cut the price in half
raise the price a reasonable amount
quadruple the price beyond the going rate
offer different prices for different buyers
Responses:
cut the price in half
raise the price a reasonable amount
quadruple the price beyond the going rate
offer different prices for different buyers
When determining how to price the goods that you will sell, if you notice that a lot of consumers want your product, you can typically raise the price a reasonable amount while still meeting the demand and making a bigger profit.
What is the first thing that business owners must consider when determining the price of their goods?
Responses:
the costs associated with purchasing the finished product from the manufacturer including all shipping and packaging
the average income of consumers most likely to buy their product
how much money they hope to bring in as a profit annually
what price point the items closest to their item on the store shelves will be
Responses:
the costs associated with purchasing the finished product from the manufacturer including all shipping and packaging
the average income of consumers most likely to buy their product
how much money they hope to bring in as a profit annually
what price point the items closest to their item on the store shelves will be
The first thing that business owners must consider when determining the price of their goods is the costs associated with purchasing the finished product from the manufacturer including all shipping and packaging. Understanding the costs is essential to ensure that they can cover expenses and make a profit.
In the United States, most of the goods and services we purchase are produced by companies in the portion of the economy that is not under government control, otherwise known as:
Responses:
the equilibrium sector.
the black-market sector.
the public sector.
the private sector.
Responses:
the equilibrium sector.
the black-market sector.
the public sector.
the private sector.
In the United States, most of the goods and services we purchase are produced by companies in the portion of the economy that is not under government control, otherwise known as the private sector.