Supply

Draw the New Classical LRAS diagram

The price of something is the result of on-going negotiation between producers and consumers based on

Draw the Keynesian LRAS diagram

Continued from Q7, Why so?

• Increase in supply

• Increase in demand

• Decrease in supply

• Decrease in demand

What is reverse logistics?

• operations related to the reuse of products and materials 

• moving goods from their typical final destination for the purpose of capturing value, or proper disposal 

• movement of goods from customer to vendor or at least one step backward up the supply chain 

• all of the above

Tags

Supply Chain Parties

In Poland, what/who protects the consumer rights?

• UOKiK

• Inspekcja Handlowa

• Konstytucja

The New Classical model encourages the use of supply-side policies

• True

• Flase

The advisory consultation offered/given by a consumer right advisor is free of charge.

• Yes

• No

Which model assumes no spare capacity exists in an economy?

• Keynesian LRAS

• SRAS

• New Classical LRAS

How does RFID Technology beneficial?

• universal technology in that they are the norm for retail products 

• eliminates the need for manual counting

• less expensive than other technologies

• Can read tags from a greater distance