You work for a major giant in the snack production industry. in the past, your company has relied on one vendor for all of the raw materials that go into producing the company's internationally acclaimed snacks. recently, however, your ceo decides to try the multiple sourcing approach as a way to save money during these tough economic times. your ceo informs you that he thinks it would be cheaper to use products and services from other countries in order to save money, and he has reason to believe that the raw materials are of higher quality. as you evaluate multiple sourcing, you come up with a list of variables you think are important and want to bring to the ceo's attention.
what points would you bring to the ceo of your company as a potential drawback of multiple sourcing?

Consider the following scenarios. use what you have learned to decide if the goods and services being provided are individual, public, or merit goods. for each case, state what kind of good has been described and explain your answer using the definitions of individual, public, and merit goods. (6 points each) 1. from your window, you can see a city block that's on fire. you watch city firefighters rescue people and battle the flames to save the buildings. 2. while visiting relatives, you learn that your cousins attend a nearby elementary school that is supported financially by local property tax revenue. 3. you see a squadron of military jets flying overhead. 4. you find out that your aunt works for a defense manufacturing company that has several defense contracts with the government. she tells you that she works for a team that is producing a communications satellite. 5. your class visits a local jail run by a private, profit-making company that detains county criminals and is paid with tax revenue.

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak

Consider an economy where the government's budget is initially balanced. the production function, consumption function and investment function can be represented as follows y equals k to the power of alpha l to the power of 1 minus alpha end exponent c equals c subscript 0 plus b left parenthesis y minus t right parenthesis i equals i subscript 0 minus d r suppose that taxes increase. what happens to the equilibrium level of output?