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
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
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
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)
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