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Which of the following economic terms describes an increase in product price without the increase of money's worth?
Updated: 4/28/2022
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Earn +20 ptsQ: Which of the following economic terms describes an increase in product price without the increase of money's worth?
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What is Economic growth is a measure of the increase in?
the gross domestic product.
Which of the following termes describes the pleasures usefulness or satisfaction a person gets from using a product?
Utility
Consumers who are willing and able to purchase a product or service create an economic situation referred to as which of the following?
demand
What economic term describes a situation where one company controls all the means of production of a product and can set its own price?
Monoply..
The Gross Domestic Product goes down when which of the following occurs?
Imports increase faster than exports.
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Product demand is an economic term. The product demand describes the desire for a particular product that the public has.
What is Economic growth is a measure of the increase in?
the gross domestic product.
Which of the following best describes the purpose of advertising?
to transmit product messages to an audience
Which of the following termes describes the pleasures usefulness or satisfaction a person gets from using a product?
Utility
Consumer who are willing and able to purchases a product or service create an economic situation referred to as which of the following?
demand
Consumers who are willing and able to purchase a product or service create an economic situation referred to as which of the following?
demand
What economic term describes a situation where one company controls all the means of production of a product and can set its own price?
Monoply..
Which of the following terms describes a situation in which a single corporation lacks competition and controls the market for a certain product?
monopoly
The Gross Domestic Product goes down when which of the following occurs?
Imports increase faster than exports.
Which of the following describes an agreement among businesses making the same product to linit production and keep prices high?
Cartel
Which of the following economic indicators would be most useful for figuring out whether the economy is growing quickly of slowly?
gross domestic product
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