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🏦 Economics

Economics is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work.

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Q: What is lost by choosing one option instead of another
1 answer
Q: The measure of the success of an economy is the Gross National Product
1 answer
Q: Which term refers to the decrease in value of goods after they are sold
1 answer
Q: The primary difference between a change in demand and a change in the quantity demanded is
1 answer
Q: Who usually implements government policies
2 answers
Q: What economics what does the term market refer to
1 answer
Q: How does the IMF use its loans to attempt to control and fix the economies of countries that need its help
1 answer
Q: Management creates capital in what form
1 answer
Q: Consumers influence the decisions of producers in which of the following way
1 answer
Q: Explain why the government consumption expenditures G components of GDP falls short of actual government expenditures
1 answer
Q: Which term refers to a complete prohibition of trade on all goods and services with a particular country
1 answer
Q: What is Individuals who make and offer economic goods or services for sale are known as
1 answer
Q: What were the effects of world war 2 ending
1 answer
Q: What characteristics do developed nations share
1 answer
Q: Laissez-faire economics was a doctrine proposed in the late eighteenth century by this man.
1 answer
Q: If the sell price of houses would be most likely to decrease if there were first a decrease
1 answer
Q: Why does the fed rarely increase reserve requirements
1 answer
Q: Which of these countries is not a member of the European Union Belgium Moldova Greece Ireland
2 answers
Q: What is balance of trade
1 answer
Q: How many economic questions does a country's economic system provide the answers for
1 answer
Q: What is the total amount of goods and services in the economy available at all possible price levels called
1 answer
Q: What is the period of time when the amount produced is declining
1 answer
Q: Which of these is not an example of a non tax source of revenue for state and local governments
1 answer
Q: What is a condition that most people would NOT expect the safety net of the government to provide for
1 answer
Q: What is the best description of the gross national product
1 answer
Q: Which of these is most closely associated with the level of US imports and exports A budget deficit B national debt C trade deficit D inflation rate
1 answer
Q: In 1994 Ernesto Zedillo Ponce de Leon was faced with an economic crisis during which what happend
1 answer
Q: What is an example of a nation having an absolute advantage in the production of a product
1 answer
Q: What happened to the population in cities and suburbs After World War 2
6 answers
Q: What is the poverty line
1 answer
Q: Which economic system does the United States have
2 answers
Q: The existence of an international division of labor among countries enables those countries to have what
1 answer
Q: What did the growth of suburbs lead to
1 answer
Q: What effect do open market operations have on the Federal Reserve
1 answer
Q: When the benefit of one particular use of a resource is greater then the opportunity cost than that resource is which of the following
1 answer
Q: Which of these is not one of the basic economic questions where should products be produced for whom should products be produced how should products be produced what products should be produced
2 answers
Q: What does the inflation rate indicate
1 answer
Q: Why economics considered as a science
1 answer
Q: Which condition leads to an increase in supply
1 answer
Q: Is understanding the definition of liquidity useful in learning about monetary policy
1 answer
Q: In what would the price of a good be most likely to increase
1 answer
Q: A system for producing and distributing goods and services
1 answer
Q: Subsidized housing is an example of what
1 answer
Q: What is a co-pay
1 answer
Q: What is aggregate demand'
1 answer
Q: Is a form of human capital that includes the people who guide the work process of labor
1 answer
Q: The headquarters of the European Union is in what country
1 answer
Q: What about elasticity of demand is false
1 answer
Q: How many federal reserve districts did the Federal Reserve Act divide the US into
1 answer
Q: What is discretionary incomes
1 answer
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