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Economics

Name: Economics
Brand: Answers
Rating: 3 (1 reviews)

Xander Hahn ∙

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Term1/13

What explains why globalization has led to wage cuts in some jobs in the United States

Definition1/13

Outsourcing increases the domestic supply of workers, driving down the price of labor.

Term1/13

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

Definition1/13

Subsidies

Term1/13

What best states the main difference between a monopoly and pure competition

Definition1/13

A monopoly involves no competition at all while pure competition involves a high level of competition.

Term1/13

Which of the following is one ofthe main causes of inflation

Definition1/13

which of the following is one of the main causes of inflation Consumers demand good faster than they can be supplied

Term1/13

Which of the following is one potential effect of an increase in the mortgage interest rates

Definition1/13

Some people could be priced out of buying a home.

Term1/13

A calculation of the amount that the average person can afford to buy is a way of measuring what

Definition1/13

Standard of living

Term1/13

Which of the following accurately describes the effect of a situation of scarcity

Definition1/13

Jjj

Term1/13

Best explains the purpose of a demand schedule

Definition1/13

To show the level of demand at various prices

Term1/13

Ask us of the following best explains why online retail companies have an advantage over regular stores

Definition1/13

They have a larger number of potential customers because people anywhere can buy from them.

Term1/13

Match each type of policy with the example that best fits its definition. A. Protectionist policy The government goes into debt to buy a large number of vehicles for the military. B. Fiscal policy The

Definition1/13

Pro-

Term1/13

Match each term below with correct definition

Definition1/13

The answer is

Ubiquitous:being everywhere

Succinct:to the point

Querulous:complaining a lot

Term1/13

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

Definition1/13

Buying a second winter coat.

Term1/13

When immigration adds to the size of the domestic labor pool which of following is likely to occur

Definition1/13

Wages are likely to decrease.

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Cards in this guide (13)

What explains why globalization has led to wage cuts in some jobs in the United States

Outsourcing increases the domestic supply of workers, driving down the price of labor.

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

Subsidies

What best states the main difference between a monopoly and pure competition

A monopoly involves no competition at all while pure competition involves a high level of competition.

Which of the following is one ofthe main causes of inflation

which of the following is one of the main causes of inflation Consumers demand good faster than they can be supplied

Which of the following is one potential effect of an increase in the mortgage interest rates

Some people could be priced out of buying a home.

A calculation of the amount that the average person can afford to buy is a way of measuring what

Standard of living

Which of the following accurately describes the effect of a situation of scarcity

Jjj

Best explains the purpose of a demand schedule

To show the level of demand at various prices

Ask us of the following best explains why online retail companies have an advantage over regular stores

They have a larger number of potential customers because people anywhere can buy from them.

Pro-

Match each term below with correct definition

The answer is

Ubiquitous:being everywhere

Succinct:to the point

Querulous:complaining a lot

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

Buying a second winter coat.

When immigration adds to the size of the domestic labor pool which of following is likely to occur

Wages are likely to decrease.

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

What best states the main difference between a monopoly and pure competition

What have labor unions used to win passage of favorable laws such as shorter work weeks and the minimum wage

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