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Economics

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Lamar Gibson

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4y ago
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Cards in this guide (16)
How can the government promote socially responsible production

By passing environmental-protection regulations

Consumers can go to small-claims court when what happens

Other ways of resolving their complaint fail.

How can the Better Business Bureau help consumers resolve their complaints

By providing mediation services

The government sets a price floor in order to protect what

A vulnerable industry

Which of these is most likely to lead to a decrease in the price of a good

Demand decreases and supply remains the same would lead to a decrease in the price of a good.

Consumers can use lobbying to accomplish what

To get the government to pass new laws

Which is a procedure that quantifies the personal value of a purchase

the purchase price is calculated as a certain number of working hours.

What are two characteristics of each type of competition and give an example of an industry that fits each type

monopoly

What happens if I live out of state and can't go to small claims court

You lose.

What are concerns that socially responsible consumers have

Production costs.

What is the benefit of purchasing a product with a warranty-

The benefit is that in case the product does not work or breaks down, it can be replaced by the company.

What production practices promotes sustainable developement

The use of renewable resources

Which sentence best describes Steinbeck's diction here

he uses the word "ignored" to show that the tractor had no connection with the land

What sacrifice are boycotters likely to make

going to jail

Which of these is a disadvantage of buying a house instead of renting

Homeowners must pay for repairs themselves

Which statement best describes the effect of word choice on the tone of the excerpt

words like “violence“ and “bloodshed” give the excerpt a threatening tone

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