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Economics

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Derick Treutel

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Cards in this guide (18)
Who is a corporation owned by

A corporation is owned by its stockholders.

Which group of players in the game of economics both produce and use goods and services

Workers...Apex Workers are the group of players in the game of economics that both produce and uses goods and services. This is also known as apex.

A budget is used to do which of the following

Plan income and expenses.

In a free-market system producers are most strongly driven by what

The profit motive.
Because the producer and consumer are typically different individuals even in developing. Because the public image of marketing is so negative, especially in most ... relinquishing all food distribution authority to the free workings of the market.

What types of business is most likely to use the subscription business model

Newspapers.

Which group of players use the goods and services produced in the game of economics

Consumers.

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 explains why companies spend money on advertising

Companies want to influence consumer behavior through advertising.

What generates revenue for Google

The sale of advertisements.

Consumers influence the decisions of producers in which of the following way

through the purchasing decisions they make

What statements best explains the purpose of market research

Market research helps producers earn more profits ~

What is the influence of branding on price sensitivity

The main purpose of branding products is to create relatively inelastic demand for the product

Which statements best explains why some people get life insurance and others don't

people are willing to face different kinds of risks.

Which of the following is an example of an action that is part of making a rational choice

Doing a cost-benefit analysis

Which of the following is a way that companies attempt to get consumers to buy their products instead of their products instead of their competitors products

Please rewrite. The question can not be answered. The list given you is not provided. We ave no idea of what "which of the following " is.

Match each action with the type of consumer influence it represents.

Buying pre-faded jeans because everyone else is doing it-Trend

Buying pre-faded jeans because all your friends have them-Peer pressure

Buying pre-faded jeans because they're less expensive than other jeans-Price

A general partnership differs from a sole proprietorship because a general partnership is a characteristic by which of the following

Requires collective decision-making

Which of the following is an example of expansionary fiscal policy

cutting taxes

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