Question 27
what is the name given to unemployment that occurs because people do not have the required job skills?

seasonal

frictional

cyclical

structural

question 28
which of the following is a major export of the united states?

agricultural products

scientific instruments

ceramic figurines

recreational equipment

question 29
which of the following is a characteristic of a developed country?

low life expectancy

low literacy rates

low industrial output

low unemployment

question 30
which of the following organizations focuses on getting rid of poverty?

world bank

united nations development fund

north american free trade agreement

united way development agency

question 31
which of the following is not a function of a 21st century bank?

pay interest

lend money

accept tax payments

issue credit cards

question 32
which of the following is not a characteristic of a horizontal merger?

lower costs

improve products

two companies that produce the same product

government controlled

question 33
an industry that has four large firms that provide of the supply of the product is called an oligopoly.

75%

65%

55%

45%

question 34
the law of is defined as the willingness of producers to produce or supply more of a good as the price of the good increases.

demand

increasing costs

supply

increasing prices

question 35
which of the following is described by this statement?
as the prices of some goods rise, consumers cut back on the amount of items that they normally purchase and demand for these goods decreases.

substitution effect

income effect

increment effect

demand effect

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.

Imagine us is a startup that offers high definition 3d prenatal ultrasounds for high-end customers. the service process includes four activities that are conducted in the sequence described below. (the time required for each activity is shown in parentheses): activity 1: welcome a patient and explain the procedure. (20 minutes)activity 2: prep the patient (e.g., show them to the room, apply ultrasound gel). (17 minutes) (*your id number represents the amount of time needed to complete this task)activity 3: take images. (5 minutes)activity 4: discuss diagnostic with patient. (20 minutes)at each location there are employees (servers) s1, s2, and s3. the assignment of tasks to servers is the following: s1 does activities 1 and 2.s2 does activity 3.s3 does activity 4.a. what is the capacity of this process (in customers per hour)? b. suppose 3 patients arrive every hour on average. ignoring any “start of day” or “end of day” effects, what are the utilizations of all three servers (%)? c. suppose each activity can be done by any server and any server can do any set of activities. however, each activity is done by only one server. for example, a possible assignment includes: s1 does activity 1, s2 does activity 2, and s3 does activities 3 and 4. of course, the original assignment of servers to activities is also feasible. what is the maximum capacity of the process (in customers per hour)? d. now consider the capacity measures in (c) and (a), what is the percentage change? why can you improve capacity without using additional resources? (there is no free lunch, right? )note: for all hw assignments, show your process of getting the results. only providing the final answers is not acceptable and will get 0%. if necessary, use a separate sheet of paper to show your work.

Sri lanka is one of the major tea producing nations in the world. a substantial portion of the country's annual tea production gets exported to various countries, including the united arab emirates, russia, and other countries in the middle east. given the success in these countries, sri lanka decided to foray into the asian market. research evidence indicated that people in myanmar are major consumers of tea and that there is a high demand for tea in that country. this convinced industry experts in sri lanka that exporting to myanmar was a good idea. even though sri lankan tea was priced competitively, sales in myanmar turned out to be far lower than expected. which of the following, if true, could explain this outcome? a. myanmar exported a substantial amount of its annual tea production that year. b. the tea exported from sri lanka is of the highest quality. c. the myanmar government hiked the minimum wage for labor. d. people in myanmar are willing to pay more for their domestic tea brands than for foreign brands. e. sri lankan tea exports to other asian countries like india and china have also not been very successful.