Cards in this guide (19)
Economics is about allocating resources to produce and distribute which of the following
The two forms of technology are better devices and improved
The two forms of technology are better devices and improved
method.Better devices and improved methods.
Which of the following are useful for conducting market research
Focus groups Focus groups
Which statements best explains why producers conduct market research
Market research helps producers earn more profits.
What was the goal of nativists
To stop immigration =APEX
What is the most direct benefit of greater productivity
Goods and services are produced faster, which should reduce
costs and improve company profits. Additionally, consumers should
benefit from lower prices and increased availability.
Which of the following terms best characterizes cost-benefit analysis
What describes an efficient outcome
A car is designed to waste as little fuel as possible.
What concept do economists use to measure the satisfaction a person gets from the use or consumption of goods and services
The concept of utility is a measure of consumer satisfaction.
What best explains how free choice is protected in a free market system
The governmentmakes & enforces whatever laws are needed to
garuntee free choice.
Which of the following best explains why the game of economics does not have a signal goal
How were slaves affected by the new republic
Some northern states made slavery against the law.
What was one argument against immigration
Immigrants used public services but didn't pay taxes.
What did the Eighteenth and nineteenth century Romantics called the Dismal Science
Economics was called the dismal science.
Which of the following is another term for a planned economy
Which if the following is not a goal pursued in the game of economics
Which best explains how budgeting helps consumers reach their financial goals
Budgets allow consumers to control how much money they have going out for expenses.
Which of the following best demonstrates the way consumers and producers influence each other in the free market system
Which of the following are not features of all games
-Winners
-Positions
-Teams
