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Economics

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Emie Howe

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Term1/11
Why does globalization lead to a reduction in wages in developed countries
Definition1/11

Increased mobility allows producers to move jobs to lower-cost labor markets.

Term1/11
What is most likely to lead to an increase in wages
Definition1/11

The formation of a labor union

Term1/11
How has the Internet benefited the economy
Definition1/11

By improving communication and allowing greater trade and specialization

Term1/11
Under a fractional reserve banking system the amount of money loaned out can only increase if what happens
Definition1/11

The required reserve ratio is lowered.

Term1/11
Which is not a policy tool used by the Fed
Definition1/11

Making tax cuts

Term1/11
What are the correct steps to show how a budget is made
Definition1/11

a

b

d

c

Term1/11
Which is most likely to lead to a decrease in the price of a companys stock
Definition1/11

Annual profits decrease

Term1/11
Match each of the terms below with an example that fits the term.
Definition1/11

Idk

I dont know

Term1/11
What time is Churchill most clearly using
Definition1/11

I cannot answer this question.

Term1/11
Match each organization with its correct relationship to the government
Definition1/11

A. Social security _ government agency

B. U.S. Postal Service _ government corporation

C. Boeing _ government contractor

Term1/11
Match each type of unfair business practice with its description (apex)
Definition1/11

1.Vendor lock in: a company say a wide range of product can be used with its products but this is not true.

  1. Price fixing: a group of companies agree that all of them will charge the same price.

3.Predatory pricing: a large company charges a price below production cost in order to eliminate small competitors.

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Cards in this guide (11)
Why does globalization lead to a reduction in wages in developed countries

Increased mobility allows producers to move jobs to lower-cost labor markets.

What is most likely to lead to an increase in wages

The formation of a labor union

How has the Internet benefited the economy

By improving communication and allowing greater trade and specialization

Under a fractional reserve banking system the amount of money loaned out can only increase if what happens

The required reserve ratio is lowered.

Which is not a policy tool used by the Fed

Making tax cuts

What are the correct steps to show how a budget is made

a

b

d

c

Which is most likely to lead to a decrease in the price of a companys stock

Annual profits decrease

Match each of the terms below with an example that fits the term.

Idk

I dont know

What time is Churchill most clearly using

I cannot answer this question.

Match each organization with its correct relationship to the government

A. Social security _ government agency

B. U.S. Postal Service _ government corporation

C. Boeing _ government contractor

Match each type of unfair business practice with its description (apex)

1.Vendor lock in: a company say a wide range of product can be used with its products but this is not true.

  1. Price fixing: a group of companies agree that all of them will charge the same price.

3.Predatory pricing: a large company charges a price below production cost in order to eliminate small competitors.

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