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Economics

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Mina Hyatt

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Cards in this guide (17)
How much does lunch meat cost

Last time I bought it, about a year ago, 1.98 a can.

Explain how the production of services differs from the production of manufacturing goods give two example

In the game of economics, which of the following players use goods and services?

Which of the following is another term for a free-market system

Capitalism
capitalism
Another name for free market system would be called second market. This is a non- profit market.

Which of the following best explains the profit motive

Minimize costs and maximize revenue.APEXX

the desire to make money through the production of goods and services

The desire to make money through the production of goods and services

a. The incentive to buy at a low price in order to be able to sell at a higher price.

b. The desire to make money through the production of goods and services.

c. The decision to allow market forces to decide on the price of goods and services.

d. The motivation to work hard at a job in order to buy more goods and services.

B.

Because the choices of consumers influence producers and the choices of producers also influence consumers the free-market system has which of the following

A circular flow of influences

Technological advancement can come from improved devices or new

Technological advancement can come from improved devices or new METHOD

Which of the following are useful for conducting market research

Focus groups Focus groups

In the game of economics workers play a double role functioning as both consumers and

In the game of economics, workers play a double role, functioning as both consumers and producers
Consumers and producers

Which of the following was not a result of the use of the assembly line

more security(:

Because of e-commerce the Internet can often replace what

Because of e-commerce, the Internet can often replace shopping malls.

What best explains how free choice is protected in a free market system

The governmentmakes & enforces whatever laws are needed to garuntee free choice.

Which of the following is thew most direct effect that the internet has had on retail sales

the development of e-commerce

What is one way technology can improve productivity

It can determine deceases faster and earlier

Which of the following is true of decisions made using cost-benefit analsis

the best decision results in the most benefits with the fewest costs

In economics businesses do all except which of the following

guide the economy

Which of the following would result in an increase in GDP apex

Greater levels of iinvestment

what is an amortization table used for

A table that details the process of amortization. Amortization is the process of paying off a debt over a period of time in installments. As debts involve interest on top of principal, this can be confusing, and thus an amortization table is used.

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