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Economics

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Maeve Christiansen

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Cards in this guide (17)
What is one effect of a price floor

A surplus of supply

What do capital controls prevent

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

What do politicians use to win support from their constituents

Politicians might use pork barrel spending to win support from their constituents.

Who has to approve the budget of the US government

CONGRESS

How do flexible expenses differ from fixed expenses

Flexible expenses vary over time.

Politicians approve pork barrel spending for what purpose

To win political support

Which of the following is one disadvantage for a company that goes public

The pressure to make profits is increased.

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

The Federal Reserve Bank

How were slaves affected by the new republic

Some northern states made slavery against the law.

Which of these is not an example of a trade restriction A Tariffs B Quotas C Rationing D Subsidies

for a similar question:

taking land to build an airport

What is an example of a labor law in economics

A restriction on when a union may call a strike

What time is Churchill most clearly using

I cannot answer this question.

Match each organization with its correct relationship to the government

A. Social security _ government agency

B. U.S. Postal Service _ government corporation

C. Boeing _ government contractor

Match each type of good with the sample good it represents (apex)

Merit good : education

Public good : national security

Individual good : food

Match each type of unfair business practice with its description (apex)

1.Vendor lock in: a company say a wide range of product can be used with its products but this is not true.

  1. Price fixing: a group of companies agree that all of them will charge the same price.

3.Predatory pricing: a large company charges a price below production cost in order to eliminate small competitors.

Match each type of restriction with one of its effects (apex)
  • trade restrictions is to higher prices for consumers.

-labor laws is to regulation of union activities

  • banking regulations is to stability for the economy
Which of the following correctly describes Fascism

you pipi

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