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Economics

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Bradly Buckridge

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Cards in this guide (14)
What explains why globalization has led to wage cuts in some jobs in the United States
What is an essential commodity needed for the productive process

labor

Which of the following best describes the purpose of advertising

to transmit product messages to an audience

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

Why do people gamble online

People chose to gamble online for various reasons:

  • They do not live near a casino
  • They do not like crowds of people
  • They do not like the smoke
  • The legal age to gamble online is 18+
  • Some land based casinos require you to be 21+
  • An online casino may have an attractive bonus
Which of the following tends to result in a decrease in the selling price of houses in area

An increase in mortgage rates.

Because immigration can result in an increase in the supply of labor what can immigration result to

A general decrease in wages. - Apex

Which of he following is an advantage of a partnership

Specialization. A+

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

Jjj

The media industry is characterized by an oligopolistc market structure because of which of the following

Centralization of ownership

Best explains the purpose of a demand schedule

To show the level of demand at various prices

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

Buying a second winter coat.

Which of the following is an example of expansionary fiscal policy

cutting taxes

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