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☆☆☆☆☆Cards in this guide (15)
Which is an example of a government policy that protects domestic producers against international competition
Subsidies
Which of the following is one of the major factors determining the level of wages
The Law of Supply and Demand.
An increase in the standard of living results from an increase in what
an increase in standard of living comes from increase in income. An increase in national income will increase the standard of living of the people of that nation.
Income
Which of the following results from a large company's ability to take advantage of economies of a scale
The company can offer goods more cheaply than smaller retailers.
Where can i find a list of multinational companies in Budapest
On the Internet maybe
Which of the following is one result of the international trade
creats new market -apex :)
What explains why amazon can sell books more cheaply than local bookstores
Of course it depends on what year it was out because if it is like 2006 or something like that is is probably why it is cheap
What is the most direct result of free trade supplying productive resources to areas most needed
Enhanced efficiency.
Which is the following limits the freedom of both employers and workers in the labor market
The existence of a minimum wage.
Because immigration can result in an increase in the supply of labor what can immigration result to
A general decrease in wages. - Apex
What are needed to determine the equilibrium price of a good or service
Consumers have inelastic demand
Match each type of policy with the example that best fits its definition. A. Protectionist policy The government goes into debt to buy a large number of vehicles for the military. B. Fiscal policy The
Pro-
What of the following happens when unemployment increases during a recession
There´s a depression
What of the following accurately describes the effects of a situation of scarcity
There's a shortage of oil, pushing car companies into researching alternative fuels.
Which of the following is an example of expansionary fiscal policy
cutting taxes
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