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Economics

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Ora Nader

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Cards in this guide (14)
A budget is used to do which of the following

Plan income and expenses.

Which of the following concepts best describes the supply of housing

Inelastic APEX
Inelastic

exsor roske

sixers

seducing the restless

714 o.c.

What is an example of a protectionist trade policy

An example is a protectionist trade policy would be a tariff on imports, or quotas on the volume of imports.

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 best explains the purpose of a supply curve

to graph the realationship between quanity supplied and price charged (apex)

Which of the following is the best example of a substitution

People at the movie theater switch from popcorn to candy because popcorn has gotten too expensive.

Which of the following is another term for market clearing price

equilibrium price

What do economists use to measure the personal satisfaction someone gets from consuming goods and services

Utility because it's a term in economics that refers to the total satisfaction received from consuming a good or service.

Which of he following is an advantage of a partnership

Specialization. A+

Which of the following best describes why buying an home is an investment apex

When someone owns a home he/she can generally sell it in the future for more than the original price

Ask us of the following best explains why online retail companies have an advantage over regular stores

They have a larger number of potential customers because people anywhere can buy from them.

What if the following describes a situation in which there would be a decreasing marginal utility

Buying a second winter coat.

Is a technique advertisers employ to increase consumer demand for their goods and services

turning luxuries into necessities

Which of the following is an example of monetary policy

The government restricts the amount of money that banks can lend.

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