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Economics

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Rozella Berge

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Cards in this guide (24)
Which group of players in the game of economics both produce and use goods and services

Workers...Apex Workers are the group of players in the game of economics that both produce and uses goods and services. This is also known as apex.

Budgeting helps consumers reach their financial goals by helping them do what

Keep their expenses below their income.

Which is an example of a government policy that protects domestic producers against international competition

Subsidies

Which of the following best describes the purpose of advertising

to transmit product messages to an audience

Because labor is a commodity wages are affected by what

SUPPLY AND DEMAND for particular skills or work quality, among other factors.

What types of business is most likely to use the subscription business model

Newspapers.

In the game of economics workers play a double role functioning as both consumers and

In the game of economics, workers play a double role, functioning as both consumers and producers
Consumers and producers

When consumers get more money they tend to substitute normal goods for what goods

When consumers get more money, they tend to substitute normal goods for _inferior_ goods.

An increase in the standard of living results from an increase in what

an increase in standard of living comes from increase in income. An increase in national income will increase the standard of living of the people of that nation.
Income

What was the goal of nativists

To stop immigration =APEX

Media companies earn money by selling what

Advertisements and subscriptions
Advertisements and subscriptions. apex lluvyanna♥

In a free market system the profit motive motivates producers to do which of the following

minimize costs and maximize revenues

Which of the following is an advantage the owners of a sole proprietorship enjoy over the owners of a corporation

When you type a question that includes the phrase "Which of the following," you need to follow it with choices.

^no.

They get to make the decisions themselves. - APEX

^but he is right...but nobody cares...apex users understand, right guys?! haha i love seeing comments like that because then its like an inside joke between us apex users

Sole proprietors get to make all of the business decisions themselves

Which of the following best explains why Amazon can sell books more cheaply than local bookstores

Amazon is able to buy all or most of the books printed by a publisher

How were slaves affected by the new republic

Some northern states made slavery against the law.

What statements best explains the purpose of market research

Market research helps producers earn more profits ~

What was one argument against immigration

Immigrants used public services but didn't pay taxes.

Which of the followiong best explains how trade enhances efficiency

Trade gets productive resources from one place to another where they're more needed.

Which demonstrates a successful effort at branding

economics

What Best explains the effect of immigration in the labor market

Immigration increases the supply of labor

When workers stop working entirely it is called a(n)

strike

What if the following describes a situation in which there would be a decreasing marginal utility

Buying a second winter coat.

The media industry is characterized by an oligopolistic market structure because

centralization of ownership

Which of the following is measured by utility

The Satisfaction a person gets from consumption

this is for apex economics

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