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Economics

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Melvina Boyle

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Cards in this guide (16)
The automotive manufacturing business in the US Is an example of what type of market

AoligopolyBmonopolyCfarmDmarket competition

What is the Abbreviation of entrepreneurship

entrepreneurship

What is the reward for labor

wages

A capitalistic system is often called this because the market place is noted by buyers and sellers openly interacting

kliris

Laissez-faire economics was a doctrine proposed in the late eighteenth century by this man

Laissez- faire was proposed by Adam Smith in his book The Wealth of Nations.

A place where buyers and sellers meet to exchange goods and services for money is called

market

The fdic basically insures bank deposits to what amount

tions below:

Aone dollarBtwo dollarsC$100,000D$1,000,000

A scarce commodity used in an economic system

A scarce commodity used in the context of an economic system is something that there is less of than what is needed. Examples are gasoline during a gas crisis, wheat after a drought, etc.

An economic system in which the central government directs all major economic decisions

an economic system in which the central government directs all major economic decisions

An economic entity in and of itself and which is also owned by its shareholders

corporation or partnership

What are all the even numbers between 51 and 71

52, 54, 56, 58, 60, 62, 64, 66, 68, and 70 are.

Cost of the next best alternative when one choice is made rather than another is

Aprice levelBopportunity cost or trade offCincomeDsupply

Can the oligopoly market structure benefit both consumers and businesses by forging common standards in industries that experience rapid technological change

The oligopoly market structure can benefit both consumers and businesses by forging common standards in industries because it would provide fewer sellers and more purchasers, which would mean lower prices for everyone and higher profits for the businesses.

Who pay to oversea supplier under high sea sale

The first buyer pay the amount

What is the company Option One most noted for

The company Option One is most noted for being an management consultancy company. They provide high level management and advisory services in New Zealand.

What is pure form of capitalism where market forces operate without government called

Laissez faire government is government that stays out of the free market. Laissez faire is French for "let alone".

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