Andrew, a college student, loves drinking coffee late at night to study for exams. having a small income, he is used to buying cheap, bad tasting coffee that he needs to grind and brew himself. the coffee tastes putrid but, with enough cream and sugar, andrew is able to tolerate it. occasionally, he does go out to starbucks when he has spare money. after graduation, andrew gets a job working at a database firm as a programmer. his income is now a healthy $75,000 a year and he decides he's had enough bad tasting coffee. he ends up buying coffee daily from starbucks even though it costs significantly more than beanlightened. in economic terms, starbucks coffee is a(n) seectanswer 3, beanlightened coffee while is a(n) andrew's demand for starbucks coffee changed as a result of o a change in expectations. o a change in technology o a change in a related good or service. o a change in income o a change in the number of consumers

What is the most direct result of free trade supplying productive resources to areas where they're most needed? a. enhanced efficiency b. lower interest rates c. increasing specialization d. greater competition 2b2t

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.

Your grandmother told you a dollar doesn't go as far as it used to. she says the purchasing power of a dollar is much lesser than it used to be. explain what she means. try and use and explain terms like inflation and deflation in your answer.