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Economics

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Sibyl Quitzon

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Cards in this guide (26)
What is the primary responsibility of the Royal Mint

The primary responsibility of the Royal Mint is to mint and distribute Britain's circulating coinage.

Who runs unemployment insurance programs

Each state is responsible for and runs its own unemployment insurance program.

What are aspects of intellectual property

Copyright, patents, rights in music, and performance rights are all aspects of intellectual property

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

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

importing

What term is sometimes used to refer to factors of production

productive inputs

What is considered the passive factor in production

land

What are bribes

illegal monetary gifts in order to gain influence (A+)

Who has the authority to penalize and shut down businesses that do not follow environmental regulations

Environmental Protection Agency

Which act of Congress determines the manner in which a healthcare provider can use patient information

Health Insurance Portability and Accountability Act

Which term refers to the cost a firm incurs for capital goods

interest

What terms best describes something that is created entirely in the mind and includes copyrights trademarks and patents

Tangible Property

What is the purpose of the Health Insurance Portability and Accountability Act

Set standards for privacy and how patient information can be used.

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.

Reagan's economic proposals were said to return what kind of principles to the American economy

To increase savings and investments, increase economic growth and balance the budget.

What powers are often controversial because they are based on interpretation

implied

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

Upon what are changes to the fair labor standards act based

Economic & social needs.

A firm is producing a line of chic hair care products and accessories what is its target market

Young Women

What of the following is true of private corporations

they are not owned by the general public A+

What of the following defines the term land as a factor of production

everything that is not created by humans

What is Considered one of the primary factors of production plus

Entrepreneurship

Which of these is a correct match

We can't answer the question because we don't have the matches.

Which statement is true

Nixon resigned before he could be impeached. -Apex

A firm is dependent on which of these to help it make decisions about production

consumer taste

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