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☆☆☆☆☆Cards in this guide (21)
Economics is about allocating resources for doing which of the following processes involving goods and services
Production and distribution
Technological advancements can improve productivity by doing which of the following
Developing machines that reduce the human effort needed to produce goods and services.
Economics is about allocating resources to produce and distribute which of the following
Goods and services
Which economic indicator can show whether a country's economy is growing or stagnating
The GDP is neither growing nor shrinking. APEX ;]
Gross Domestic Product
The Gross Domestic Product goes down when which of the following occurs
Imports increase faster than exports.
Which of the following best describes the purpose of advertising
to transmit product messages to an audience
Which of the following best describes the advantages of living in a rural area
housing costs less than in any other living area.... apex
Which of the following explains why companies spend money on advertising
Companies want to influence consumer behavior through advertising.
What is a socialist country in which the government owns health care and communications
The Socialist Republic of Vietnam.
Because calculations of cost and benefit are subjective they can be described as
Vary from one person to another.
What concept do economists use to measure the satisfaction a person gets from the use or consumption of goods and services
The concept of utility is a measure of consumer satisfaction.
Which of the following best explains why the game of economics does not have a signal goal
Evaluation
Which of the following is essential part of making rational choice
Doing cost-benefit analysis
What is the benefit of greater organization
Increase in productivity
The need to get goods from producers to consumers raises what basic questions
How are goods and services distributed
Which of the following is another term for a planned economy
socialist system
What Of The Following is an essential part of making a rational choice
doing cost benefit analysis
Which of the following accurately describes the effect of a situation of scarcity
Jjj
What if the following describes a situation in which there would be a decreasing marginal utility
Buying a second winter coat.
Which if the following is not a goal pursued in the game of economics
Stagnation
Which of the following best demonstrates the way consumers and producers influence each other in the free market system
A circular model
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