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PERSONALITY: A consistent pattern of behavior in certain situations. These behavioral tendencies are influenced by both hereditary and environmental factors resulting in individual characteristics. Marketing researchers look for certain personality characteristics that affect patterns of consumer buying behavior.
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Lesson 10: Gross Domestic Product | Unit 2: Looking Behind GDP
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Page: 10 of 25
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Chunk D also is economic production that DOES involve market transactions. Lack of information about market transactions prevent these activities from being included in GDP- Chunk D includes illegal activities, such as gambling, drug sales, and prostitution.
- Because they satisfy wants and needs they are economic production.
- Because they are illegal activities 'official market transaction records are not available.
Chunk D is excluded from GDP.
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RESOURCE MARKETS Markets that exchange the services of the four factors of production--labor, capital, land, and entrepreneurship. The buyer of factor services is business sector. The seller of these services is the household sector. The study of macroeconomics is concerned with imbalances in the resource markets, especially surpluses and the resulting unemployment of resources. The resource markets, also termed factor markets, are one of three primary sets of macroeconomic markets. The other two are product markets and financial markets.
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PINK FADFLY
[What's This?]
Today, you are likely to spend a great deal of time lost in your local discount super center wanting to buy either a weathervane with a chicken on top or a flower arrangement with daisies and carnations for your uncle. Be on the lookout for telephone calls from former employers.
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This isn't me! What am I?
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Three-forths of the gold mined each year is used to manufacture jewelry.
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"Progress always involves risk. You can't steal second base and keep your foot on first. " -- Frederick B. Wilcox
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CPSC
Consumer Product Safety Commission
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