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Economics

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Laurine Lueilwitz

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2y ago
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Cards in this guide (21)
How do you control some ones mind

Buy a media conglomerate.

What is M.cap

M cap refers to Market capitalization.

This refers to the total value of all the outstanding stocks of a company.

Let us say there are 100,000 shares of XYZ company in the market. The value of each share is $5 then the market cap of XYZ company is $500,000

Technological advancements can improve productivity by doing which of the following

Developing machines that reduce the human effort needed to produce goods and services.

When the gross domestic product is neither growing nor shrinking a country's economy is doing what

Stagnating

Calculations of cost and benefit are always which of the following

Subjective

Which of the following best describes the kinds of decisions that result from using cost-benefit analysis

An outcome with benefits that are greater than the costs.

Which of the following best explains why the circular flow model characterizes the free-market system

Consumers and producers influence each other in a circular fashion.

The Gross Domestic Product goes down when which of the following occurs

Imports increase faster than exports.

What questions must be asked about the use of resources in an economic system

What is the most effective allocation?APEX!

What are the key influences in your daily economic decisions

scarcity is basically the main thing that influences peoples decisions daily

Which of the following best explains why the game of economics does not have a signal goal

Evaluation

Which of the following describes a possible benefit of a failed simulation

It can help predict the outcome of an event. apex

Which best explains why resources need to allocated in the game of economics

Resources must be allocated because there are not enough resources to produce all of the goods and services that everyone wants.

Which of the following economic indicators would be most useful for figuring out whether the economy is growing quickly of slowly

gross domestic product

What is an example of decision making in college

choosing classes--- Apex

Which can best explains why some economic goals are incompatible with each other

People are often in conflict over what they want.

What is debit to equity ratio

Debt to equity ratio is a measurement criteria to measure how much debt is used in business as compare to owner's capital to finance the business.

What must be a feature of an activity for it to be a game

A set of rules

Which of the following is an example of a production decision ...

Science can be used to predict the effects of the dam on wildlife.

Which of the following is another term for a planned economy

socialist system

Economics is about doing with the resources when it comes to the production and distribution of goods and services

Allocating Apex

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