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Economics

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Kyleigh Jacobs

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Cards in this guide (23)
What are some problems caused by globalization

globalization is happening because of worldwide trade and exchange between countries.

What is said of a country's currency when it takes more of the currency to buy the same amount of another country's currency

it has weakened

What labor work thingsof nature into tangible products what are the products called

goods

When a country brings in goods that were made in another country what is it doing

importing

What describes the extreme left of the economic spectrum

there is a total central planning.

Which government agency sets wage standards

Department of Labor

What is the need for cash referred to as

liquidity needs

Which of these explains the financial position of a company at a specific point in time

balance sheet

How are countries such as China and India affecting the need for power

China and India are the two most populous nations on Earth, jointly accounting for nearly a third of the global population, so as they industrialize and increase their power consumption, this naturally has a large effect on the global need for power.

To which principle does circular flow refer

The circular flow refers to a simple economic model which describes the reciprocal circulation of income between the consumers and producers.

Thanks

What is BOK Financial Corporation's population

BOK Financial Corporation's population is 4,110.

Why will the baby-boomer generation be a potential problem for government spending

the ratio of workers to retirees will be low, which will lower the income tax base from which to fund Social Security

Which is not considered an entitlement payment

income tax refund

What does acquired 100 shares mean

Generally speaking the phrase of "acquired 100 shares" means that a person has purchased 100 shares of a corporation's stock.

Which of these is the responsibility of the Federal Trade Commission

regulating competition in the marketplace. -- A+

Once a firm knows what it should produce what must it then decide

how it will produce the goods or services

Shortages or spikes in which of the following can have a potential impact on a global economy

energy

Which point in the business cycle has the greatest economic activity

Peak a+

Which agency works to protect consumers and prevent anti competitive behavior by businesses

Federal Trade Commission

Which term describes the amount of money the nation owes

Debt

Of the following which term covers a wide range of government promises of financial benefit to particular persons who meet certain criteria

entitlements A+

Choose the best meaning for this suffix. -phobia

The meaning is "fear of".

What statements are not true regarding the government's power to tax

the power to tax is unlimited but must be used in accordance with the provisions in the constitution A+

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