answersLogoWhite

0

Economics

User Avatar

Lorine Boyle

Lvl 10
2y ago
5.0
1 Review
Add a rating

Rate this Study Guide:

Cards in this guide (25)
What percentage of people use the internet

88% Of people use the internet.

Technological advancement can come from improved devices or new

Technological advancement can come from improved devices or new METHOD

Which of the following economic indicators measures inactivity rather than activity

Unemployment rate

The two forms of technology are better devices and improved

The two forms of technology are better devices and improved method.Better devices and improved methods.

Which of the following are useful for conducting market research

Focus groups Focus groups

Which of the following best describes the purpose of advertising

to transmit product messages to an audience

The cargo container improved distribution by introducing what methods into the shipping industry

Standardization

In economics workers are both producers and which of the following

Consumers

Advertising is the main source of revenue for which of the following industries

Media

What is the most direct benefit businesses enjoy as a result of online sales

Online businesses don't need to have as many employees.
It is easier to compare prices

What was the goal of nativists

To stop immigration =APEX

What is the most direct benefit of greater productivity

Goods and services are produced faster, which should reduce costs and improve company profits. Additionally, consumers should benefit from lower prices and increased availability.

What describes the purpose of using cost-benefit analysis

to make decisions that maximize benefits
The purpose of using cost-benefit analysis is to determine the options that provide the best approach for the practice and adoption in terms of cost savings, time and labor. The cost benefit analysis is also called a benefit cost analysis.
To make decisions that maximize benefits

Which of the following identifies the reason why producers try to minimize costs an maximize revenue

the profit motive

What concept do economists use to measure the satisfaction a person gets from the use or consumption of goods and services

The concept of utility is a measure of consumer satisfaction.

How were slaves affected by the new republic

Some northern states made slavery against the law.

What was one argument against immigration

Immigrants used public services but didn't pay taxes.

What is the influence of branding on price sensitivity

The main purpose of branding products is to create relatively inelastic demand for the product

What is the benefit of greater organization

Increase in productivity

Would farm income stagnates result in a reduction of GDP

YES

How will improvements in technology effect economics in the future

Well we make better infrastructure and better buildings.

Which of the following is another term for a planned economy

socialist system

Which of the following lists some of the non monetary factors that are taken into account when the doing cost benefit analysis

time and effort

When technology advances which of the following will always take place

gggg

Which best explains how budgeting helps consumers reach their financial goals

Budgets allow consumers to control how much money they have going out for expenses.

Related study guides

Economics

28 cards

Explain how the production of services differs from the production of manufacturing goods give two example

What is an example of an allocation decision

Which of the following economic indicators measures inactivity rather than activity

Which of the following is happening when the GDP is neither rising nor falling

➡️
See all cards
No Reviews

Economics

19 cards

Economics is about allocating resources to produce and distribute which of the following

The two forms of technology are better devices and improved

Which of the following are useful for conducting market research

Which statements best explains why producers conduct market research

➡️
See all cards
No Reviews

Economics

22 cards

What percentage of people use the internet

Economics is about allocating resources for doing which of the following processes involving goods and services

Technological advancement can come from improved devices or new

Which of the following is not an economic goal

➡️
See all cards
No Reviews

Economics

17 cards

Explain how the production of services differs from the production of manufacturing goods give two example

Technological advancement can come from improved devices or new

Economics is about allocating resources to produce and distribute which of the following

Which of the following are useful for conducting market research

➡️
See all cards
No Reviews

Economics

22 cards

Technological advancements can improve productivity by doing which of the following

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

Calculations of cost and benefit are always which of the following

The two forms of technology are better devices and improved

➡️
See all cards
No Reviews