STARLETSCORES

NOCTI - CARPENTRY QUESTIONS WITH 100% CORRECT ANSWERS This stud in purple is what type? cripple Letter "C" represents the... unit rise The term cripple refers to a/an short-load supporting stud under the window opening The sq. ft. of siding on a house is 7.468 sq. ft. Add 18% more for scrap and error, what is the smallest amount of siding? 8,813 sq. ft. On a stairway with a total rise of 10 feet and 6 inches, what is the measurement of the top of one tread to the next when lay...

price elasticity of demand - correct answer% change in quantity demanded / % change in price price elasticity of supply - correct answer% change in quantity supplied / % change in price % change in quantity demanded/quantity supplied - correct answerNew quantity-Old Quantity/Old quantity *100 %change in price - correct answerNew price-Old price/Old price*100 Social cost(economical use of resources) - correct answerprivate cost + external cost Social benefit(uneconomical use of res...

name the factors of demand - correct answer advertising, income, interest rates, fashion, population, price of complements, price of substitutes explain how advertising affects demand - correct answer a good advertising campaign keeps the good being sold on the minds of its buyers; if a company does not advertise, it will soon be forgotten and stop being competitive explain how income affects demand - correct answer when income rises, a normal good's demand rises too, however demand...

Economics - correct answer The study of how society manages its scare resources to satisfy unlimited wants Economy - correct answer A system that attempt to solve the basic economic problem. Micro-economics - correct answer The study of how households (buyers) and firms (sellers) make decisions regarding the allocation of limited resources and how they interact in specific markets as individuals Macro-economics - correct answer The branch of economics that examines the behaviour of ...

Advalorem tax - correct answer Tax levied as a percentage of the price of a good. Aggregate demand - correct answer Total demand in the economy including consumption, investment, government expenditure and exports minus imports. Anti-competitive practices or restrictive trade practices - correct answer An attempt by firms to prevent or restrict competition. Assisted areas - correct answer Areas designated as having problems by the UK or EU and are eligible for support. Average co...

Market Structure - correct answer The Organisational and other charcetristics of a market Entry barriers - correct answer Obstacles that make it difficult for a new firm to enter the market Exit barriers - correct answer Obstacles that make it difficult for an established firm to leave a market Natural Barriers - correct answer Barriers that result from inherent features of the industry, such as economies of scale or high R&D costs; not barriers that are artificially made. Sunk C...

Positive Statement - correct answer A statement that can be tested to see if it's correct or not Normative Statement - correct answer A statement that has a value judgement and can't be refuted by looking at evidence Need - correct answer Something necessary for human survival Want - correct answer Something that is desirable Economic welfare - correct answer The economic wellbeing of an individual or group of people (Human happiness) Capital good - correct answer A good...

shows a table of a countrys macro economic performance .. what can be inferred? - correct answerB the price level is increasing more slowly The most likely explanation for the move of the economy from its initial equilibrium at E1 to a new short-run equilibrium at E2 is a decrease in the - correct answerA the level of tarriffs on imports causes SRAS to shift right Which one of the following policies is most likely to improve the supply side of the economy? - correct answerB a policy which ...

Economy - correct answer The state of a country of goods and services. Partnership - correct answer Comprising two or more people who set up in business together and share all profits and losses. Liability - correct answer An obligation of a company, or amounts owed to leaders and suppliers. FTSE - correct answer The financial times stock exchange Revenue - correct answer The income received by a business for selling its products and services. Market forces - correct answer ...

Retail customers - correct answer customers who buy finished products, e.g. frozen peas from a supermarket Business customers - correct answer businesses that purchase products or services from another business Unlimited liability - correct answer when the owners of a business are personally liable for all debts incurred by the business, if the business itself does not have the funds to repay them Limited Liability - correct answer when the owners of a business are liable for the de...