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Economics

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Marcella Predovic

Lvl 10
โˆ™ 2021-09-30 20:42:39
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Cards in this guide (21)
Who is a corporation owned by

A corporation is owned by its stockholders.

Budgeting helps consumers reach their financial goals by helping them do what

Keep their expenses below their income.

What best states the main difference between a monopoly and pure competition

A monopoly involves no competition at all while pure competition involves a high level of competition.

Which best states the main difference between a monopoly and an oligopoly

Oligopolies involve more than one company while monopolies involve only one. apex :]p

Profit is calculated by subtracting from revenues

Profit is calculated by subtracting __costs__ from revenues. Apex answers

What types of business is most likely to use the subscription business model

Newspapers.

Which group of players use the goods and services produced in the game of economics

Consumers.

In the game of economics workers play a double role functioning as both consumers and

In the game of economics, workers play a double role, functioning as both consumers and producers
Consumers and producers

The purpose of advertising is to do which of the following

To introduce people to products or methods.

To convince people to procure and make use of prodiucts and methods.

To convince people to procure and use a specific brand of a product or method.

Which of the following explains why companies spend money on advertising

Companies want to influence consumer behavior through advertising.

What generates revenue for Google

The sale of advertisements.

Consumers influence the decisions of producers in which of the following way

through the purchasing decisions they make

Who expanded the British Empire during the Industrial Revolution

Queen Victoria:))

What statements best explains the purpose of market research

Market research helps producers earn more profits ~

What is an important difference berween a general partnership and a limited partnership

A partnership that has no liability limitation has all "general" partners. A limited partnership ("LP") has at least one general partner and one or more limited partners, which can be individuals, corporations, partnerships, limited liability companies, or non-profit corporations.

Which statements best explains why some people get life insurance and others don't

people are willing to face different kinds of risks.

Which of the following is an example of an action that is part of making a rational choice

Doing a cost-benefit analysis

Which of the following is a way that companies attempt to get consumers to buy their products instead of their products instead of their competitors products

Please rewrite. The question can not be answered. The list given you is not provided. We ave no idea of what "which of the following " is.

Match each action with the type of consumer influence it represents.

Buying pre-faded jeans because everyone else is doing it-Trend

Buying pre-faded jeans because all your friends have them-Peer pressure

Buying pre-faded jeans because they're less expensive than other jeans-Price

Match each term with its definition

Yes

The media industry is characterized by an oligopolistic market structure because

centralization of ownership

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