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Laurianne Howe

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What is a mixed economy

Generally speaking a mixed economy is one where the government has controls over private industry through various types of regulations. One example is the setting of the minimum wage. For the most part a mixed economy does not require the government to actually own any of the means of production. Also, a mixed economy creates "authorities" to operate tunnels, bridges and airports.

What is a trade-off

A trade-off is an alternative that we sacrifice when we make a decision.

Price effect is a combination of income effect and substitution effect

Yes, Price effect = substitution effect + income effect

What is the income people receive for supplying factors of production such as land labor or capital called

They are called factor payments.

How can population changes affect demand for certain goods

immediate demand for a good will go up if it's price is expected to rise.

this is how population changes affect demand for certain goods.

What is the effect of the interaction of buyers and sellers on a market

agreement on the price and quantity traded

Addressing the goal of what provides assurance that goods and services will be available and payments will be made on time

equity

Government programs that protect people experiencing unfavorable economic conditions are

Safety Net!

Which economic goal does a society consider when deciding the best way to distribute its wealth

economic effiency

In a traditional economy what are the economic decisions based largely on

Customs and traditions.

What is an example of scarcity rather than shortage

A person wants an endless supply of everything but cannot have it.

Which of the following is most important characteristic of an entrepreneur

hard work and patience

What is a sentate in roman republic
The senate in the Roman republic was a body of about 600 men whose duty was to debate public issues and if they could agree, pass resolutions that had the same effect as a law. They also served as jurors in high profile criminal cases.

The senate in the Roman republic was a body of about 600 men whose duty was to debate public issues and if they could agree, pass resolutions that had the same effect as a law. They also served as jurors in high profile criminal cases.

The senate in the Roman republic was a body of about 600 men whose duty was to debate public issues and if they could agree, pass resolutions that had the same effect as a law. They also served as jurors in high profile criminal cases.

The senate in the Roman republic was a body of about 600 men whose duty was to debate public issues and if they could agree, pass resolutions that had the same effect as a law. They also served as jurors in high profile criminal cases.

The senate in the Roman republic was a body of about 600 men whose duty was to debate public issues and if they could agree, pass resolutions that had the same effect as a law. They also served as jurors in high profile criminal cases.

The senate in the Roman republic was a body of about 600 men whose duty was to debate public issues and if they could agree, pass resolutions that had the same effect as a law. They also served as jurors in high profile criminal cases.

The senate in the Roman republic was a body of about 600 men whose duty was to debate public issues and if they could agree, pass resolutions that had the same effect as a law. They also served as jurors in high profile criminal cases.

The senate in the Roman republic was a body of about 600 men whose duty was to debate public issues and if they could agree, pass resolutions that had the same effect as a law. They also served as jurors in high profile criminal cases.

The senate in the Roman republic was a body of about 600 men whose duty was to debate public issues and if they could agree, pass resolutions that had the same effect as a law. They also served as jurors in high profile criminal cases.
Which occurrence could cause the demand curve for cars in your city to the left

A layoff of 500 workers at the city's airport could cause the demand curve for cars in your city to the left.

Which is the government agency that covers customer deposits if a bank fails

Federeal Deposit Insurance Corporation (FDIC)

What is the money multiplier formula

The money multiplier formula is the amount of new money that will be created with each demand deposit, calculated as 1 ÷ RRR.

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