answersLogoWhite

0

Economics

User Avatar

Ophelia Schneider

Lvl 10
2y ago
No Reviews
Leave the first rating

Rate this Study Guide:

Cards in this guide (16)
Which of these is an example of a fixed expense

Rent

food

car payment

electric bill

Why is a fractional reserve banking system necessary

To enable banks to loan out money to make a profit

Why are student loans usually guaranteed by the government

Banks don't have any collateral for student loans.

How does use of cargo containers benefit the economy

The use of cargo containers benefit the economy by keeping distribution costs low.

When does Country X have an absolute advantage over Country Y in the production of corn

Country X can grow corn more cheaply than Country Y.

What is most likely to push the price of a company's stock higher

An increase in demand for the company's stock

Companies use offshoring in order to do what

Reduce labor costs

When does Country A have a comparative advantage over Country B in the production of televisions

Country A has a lower opportunity cost for producing televisions.

Which is not a policy tool used by the Fed

Making tax cuts

The government sets a price floor in order to protect what

A vulnerable industry

Economics is about the production of goods and services which requires the allocation of what

Resources

Match each type of tax with an example of its use apex

Though answer choices weren't listed I found an example. Sin tax would be 10 percent on gambling winnings. Income tax would be 20 percent tax on wages that are earned. Excise tax would be thirty cent tax on a gallon of gasoline. Consumption tax would be 9 percent tax on the sale of luxuries.

What government policies pursues the economic goal of freedom

Freedom is not a goal of economics, but there is economic freedom that allows all members,of a society to attain economic viability.

What is a not a way the fed can generate an increase in the money supply

Cutting taxes

Which of the following promotes greater efficiency and lower prices by protecting competition

antitrust laws -apex :)

Which of these is a disadvantage of buying a house instead of renting

Homeowners must pay for repairs themselves

Related study guides

Economics

20 cards

What does EEOC stand for

What is the purpose of a free-market system

What does a good credit history do for consumers

Consumers can go to small-claims court when what happens

➡️
See all cards
No Reviews

Economics

16 cards

What does a good credit history do for consumers

What are you paying for when you lease a car

What kind of a credit card can customers with a bad credit history get

Which of these most accurately describes the costs and benefits of using a credit card

➡️
See all cards
No Reviews

Economics

21 cards

What does EEOC stand for

Which of these is an example of a fixed expense

What is most similar to a generic good

Maintaining a good credit history makes it easier to do what

➡️
See all cards
5.0
1 Review

Economics

19 cards

Board of directors hiree

Email addresses of Tamil directers

Is Palmolive a French product

Why is a fractional reserve banking system necessary

➡️
See all cards
No Reviews

Economics

14 cards

What does a good credit history do for consumers

How does the assembly line benefit the economy

What is most likely to push the price of a company's stock higher

Consumers use cost-benefit analysis in order to maximize what

➡️
See all cards
No Reviews