Suppose that society decided to increase consumption and reduce investment.

1.Less investment leads to slower/faster economic growth in the long run.

2.Which of the following statements are true about groups in society that would benefit from or be hurt by this change? Check all that apply.

a) Some people will have higher incomes as the result of faster economic growth.

b) There might be a transition period in which workers and owners in consumption-good industries would receive higher incomes.

c) There might be a transition period in which workers and owners in investment-good industries would receive higher incomes.

Careers in designing, planning, managing, building and maintaining the built environment can be found in the following career cluster: a. agriculture, food & natural resources b. architecture & construction c. arts, audio-video technology & communications d. business, management & administration

The assumptions of the production order quantity model are met in a situation where annual demand is 3650 units, setup cost is $50, holding cost is $12 per unit per year, the daily demand rate is 10 and the daily production rate is 100. the production order quantity for this problem is approximately:

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.