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Economics

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Zakary Gulgowski

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Cards in this guide (15)
What is demand-pull inflation

when prices of goods increase due to demand is called demand pull inflation

What do capital controls prevent

Speculators from rushing into and out of a country's market and disrupting its economy./

Politicians approve pork barrel spending for what purpose

To win political support

What pairs of prefixes are closest to each other in size

Which of the following pairs of prefixes are closest to each other in size?

When either prices go down what is there an increase in

the standard of living

Monetary policy in the US is carried out primarily by what agencies

The Federal Reserve Bank

What best states the purpose of an import quota

To reduce competition from foreign producers.

What accurately describes a situation in which consumers have inelastic demand

People cannot quit drinking coffee even though they want to cut down on caffeine intake.

How were slaves affected by the new republic

Some northern states made slavery against the law.

Which of the following is one result of the international trade

creats new market -apex :)

What are needed to determine the equilibrium price of a good or service

Consumers have inelastic demand

Which of the following best explains why large companies have an advantage over smallercompanies

Economics of scale make it possible to offer lower 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.

What is an example of a labor law in economics

A restriction on when a union may call a strike

Which of the following is an example of expansionary fiscal policy

cutting taxes

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