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Economics

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Violette Gibson

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โˆ™ 2021-10-18 18:34:09
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Cards in this guide (29)
What did some people agree to do when a foreclosed farm was auctioned

Some people agreed to keep bids low when a foreclosed farm was auctioned.

What does a good credit history do for consumers

It makes it easier for them to get loans.

What protects customers who purchase defective products

A warranty.

When is liability insurance needed

When you cause an accident that damages another vehicle or hurts someone

What is most likely to lead to an increase in wages

The formation of a labor union

A boycott would not be successful under what circumstance

If most consumers didn't stay away from the company that was being protested against, a boycott would not be successful.

What does production limitation involve

A production limitation involves (a cartel setting a maximum output for the good that all members sell). (apex)

How does use of cargo containers benefit the economy

The use of cargo containers benefit the economy by keeping distribution costs low.

According to the law of supply and demand when supply increases what else happens

According to the law of supply and demand when supply increases, prices will decrease.

What is most likely to push the price of a company's stock higher

An increase in demand for the company's stock

Why do economists measure the gross domestic product

Economists measure the gross domestic product to see how much economic activity there is in a particular country.

Which is not a policy tool used by the Fed

Making tax cuts

Economics is about the production of goods and services which requires the allocation of what

Resources

The purpose of advertising is to do what

Increase consumer demand.

Influence Consumer Behavior -apex

Which of these helps you avoid debt by keeping your expenses below your income

A personal budget

When does County X have a comparative advantage in the production of coffee

Country X doesn't give up a more efficient form of production in order to grow coffee.

Which of these is the Fed not able to do

Prevent a budget deficit

Is Online auctioning an example of Pure competition Monopoly Monopolistic competition or Oligopoly

Online auctioning is an example of Pure Competition.

Here are some examples of the others:

Monopoly - Sewer Service

Monopolistic Competition - Video Rental

Oligopoly - Digital Cameras

What are the four basic patterns of business ownership

The four basic patterns of a business ownership are sole proprietorship, partnership, C corporation, and the S corporation. In a sole proprietor ship the business is owned by one person. That one person is taxed for the business and there is unlimited liability on that one person. In a partnership, the business is owned by two or more people by a contract. Depending on the type of partnership liability may or may not be unlimited. The corporation is a separate and legal entity. There is separated taxation and limited liability. The corporation will continue on, even after the death of the owners. In corporations there are shareholders, directors, officers, and employees. It is much more difficult to form a corporation. A C corporation is public; meanwhile, an S corporation is very similar to a partnership.

How much is the fee when you take money out from the ATM with a credit card

Cash Advance =D

A group of companies agrees to charge the same inflated price for a good

price fixing

A socially responisble consumer might boycott a company that uses what

A socially responsible consumer might boycott a company that uses child labor.

What do banks do with some of the profits they make loaning out the money in their customers saving accounts

pay interest on savings accounts

Why are private companies are unlikely to provide public goods

The non-excludability of public goods makes it difficult to profit from them.

What states one opportunity costs of attending college

Takes time away from having a paying job

Which o the following is an essential part of making a rational choice

Doing cost benefit analysis

What is the purpose of an initial public offering (IPO)

To raise money to fund a company's activities.

Who Which government polices pursues the economic goal of equity

protecting consumers from fraud

Match each of the terms below with an example that fits the term.

Idk

I dont know

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