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Economics

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Elnora Hickle

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Cards in this guide (11)
What is the amount of a good or service that a consumer is willing to buy called

Demand is considered what consumers are willing and able to buy. If the product or service is too expensive, then people won't buy it because they can't afford it and there will be no demand. If it's affordable but people don't see the use, they still won't buy it and there will still be no demand. In order to create demand, a product has to be both useful and affordable. The more useful and affordable it is, the more demand there will be.

The economic policy of John Maynard Keynes called for government assistance so there could be full employment

true

In which direction does the demand curve on a graph slant

Downward left to right

The Bureau of Land Management of this department manages over 300 million acres of public lands

interior

All US coins are manufactured by the bureau of the mint under the management of this department

treasury

Only one person is liable if the business fails

proprietorship

What department operates US Custom Service that collects duties on imports combats smuggling and other international crimes

Treasury

Supply creates a demand

False(Kaylop)

What is the historical economic role of the government includes all of the following except

quien sabe!

Why are some of ancient sport no longer included

i say cause they don't use much technology so they think they are not very as valuable as other Olympic sports

This department operates the Bureau of Mines which conducts reports on mining techniques.

Interior

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