Cards in this guide (23)
What is Standard and Poors
Standard and Poors is one of the 3 premier Credit Rating
Agencies in the world.
What signals do high prices send to producers and consumers
I asked this question why does nobody know this please help me
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Is a loan company not a financial intermediary
true a loan company is not a financial intermediary
What happens when the supply of a nonperishable good is greater than the consumer wants to buy
Either the price drops until the consumers are prepared to buy
more, or supplier are left holding surplus stocks until replacement
purchases clear these inventories.
No manufactured good is truly non-perishable, and so will
eventually require replacement.
What are limited quantities of resources to meet unlimited wants
A shortage will develop when
The equilibrium quantity supplied is lower than the actual
quantity supplied.
The market price is below the equilibrium price.
Which of these is most likely to lead directly to a black market
What is the tendency of suppliers to offer more of a good at a higher price
The law of supply. This theorem reflects the usual assumption
that cost functions satisfy Innada conditions.
What is an exception to the general idea that markets lead to an efficient allocation of resources
How does a pension fund act as an investor
the company invests money collected from employers
The physical capital used by a woodworker to make furniture would include
What is an unitary elastic supply
A unitary-elastic supply indicates a good with a supply-price
elasticity of one, which means that a 1% change in price increases
supply by 1%.
What do you have when the actual price in a market is below the equilibrium price
Which of the following is not an example of one of the four main advantages of prices in a free market economy
Consumers are willing to pay a higher price for a good, so
producers manufacture more of the good.
When you own a mutual fund what exactly do you own
Mutual fund is a low risk investment. If you invest in a mutual
fund, you owns shares of the mutual fund company who is selling you
fund. But you do not actually own any underlying asset of the
stocks or securities that mutual fund has invested in even they are
using your money to invest.
Is demand needed in equilibrium
Yes. Equilibrium is created at the intersection of the Demand
curve and Supply Curve. Equilibrium can be shifted if the Demand
curve increases or decreases, and the same happens when the Supply
curve increases or decreases. Without demand, you would just have a
Supply curve.
What markets in which money is lent for periods longer than one year
Which is an example of spillover costs
An example of spillover costs includes production costs passed
to a third party without any form of compensation.
How do price changes affect equilibrium
Price changes affect the equilibrium price and quantity by
Serving as a tool for distributing goods and services.
How does market and government differ in allocation of resources
the difference in market and government occurs in the allocation
of resources and labor division which determines the prices
What kind of decision cannot be made at the margin
whether to spend your two-week vacation on the shore or in
town
If a consumer is waiting to buy a sweater he or she found at a department store until after the holiday season which factor is most likely influencing the decision to wait
If a consumer is waiting to buy a sweater he or she found at a
department store until after the holiday season, which factor is
most likely influencing the decision to wait?
If a bookstore manager prices a book higher than the equilibrium price then
It is unlikely to sell but if it does he makes a bigger profit
than his competitors.