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Economics

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Aryanna Cummings

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Cards in this guide (16)
What are the functions of management of sole proprietor

Function of sole proprietor

V-cube 7 or megaminx

megaminx

Is there a law that prohibits volunteerism

No

Which of these is not true about Europe in the 1500s

towns developed because of an enonomy based on external trade

Which type of tax is collected by a mediating agent from the person who is responsible for paying the tax

indirect tax

Why must firms make decisions about which goods they will produce

because firms have access to limited resources of land, labor, and capital

What is the purpose of antitrust laws and regulations

Ensure markets operate competitively.

Which of the following terms best describes an economy in which producers of goods and services react to consumer choices

market economy

What type of government is one in which the workload is managed by multiple agencies and departments

bureaucracy

In the circular flow model households supply firms with which items

Labor, capitital, and raw materials.

According to the law of diminishing returns what will happen if you overuse a factor of production

It will not be as efficient as before. A+

Under which business model do all partners have limited liability exhibiting elements of partnerships and corporations

limited liability partnership

Is not a factor in wage variance between different occupations

Big dongs

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

consumer taste

The works of which economist lead to a more quantitative study of economics

François Quesnay

Which of the following is another term for a market economy

A market economy, also widely known as a "free market economy," is one in which goods are bought and sold and prices are determined by the free market, with a minimum of external government control.

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