As mentioned in the video, Gaviña uses many different channels to get its coffee to market. If Gaviña sells coffee in bulk to Costco, which then sells retail packs to individual consumers for personal use, which distribution channel is this?
A. Producer to wholesaler to retailer to consumer
B. Producer to? agent/broker to wholesaler to retailer to consumer
C. Producer to? agent/broker to consumer
D. Producer to consumer
E. Producer to retailer to consumer
Entities that facilitate product distribution in this question is;
Producer (different channels Gaviña gets the coffee) to? agent/broker (Gaviña) to wholesaler (Costco) to retailer to consumer. Answer is B.
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Studying the growth of (Y/N) in the United States over the period 1909-1957, Robert Solow found that growth in multifactor productivity accounted for ________ of it
A) ten percent B) twenty-five percent C) one-third D) roughly half E) seven-eighths
In the short run, a firm can:
a. change its machinery, but not the number of workers. b. change the number of workers, but not its machinery. c. change its machinery, but not the number of workers. d. change the number of workers, but not its machinery.
Judging from the circular flow diagram, what happens to dollars that households earn as wages?
a. They are given to other households in the form of tax distributions. b. They are given to firms in exchange for capital and labor. c. They are recycled back to firms when households buy products and services. d. They are removed from the simple circular flow diagram, making the circle smaller.
According to the quantity theory of money:
A) when the gap between the growth rate of money supply and the growth rate of real GDP widens, inflation decreases. B) when the gap between the growth rate of money supply and the growth rate of real GDP widens, inflation increases. C) when the gap between the growth rate of money supply and the growth rate of real GDP widens, nominal interest rates decrease. D) when the gap between the growth rate of money supply and the growth rate of real GDP widens, real interest rates increase.