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Brenden Bosco

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Term1/15
What is an essential commodity needed for the productive process
Definition1/15

labor

Term1/15
An increase in the standard of living results from an increase in what
Definition1/15

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

Term1/15
Which of the following best explains why buying a single family home in a city is a good investment
Definition1/15

Housing prices in cities generally increase more quickly than anywhere else.

Term1/15
Why do people gamble online
Definition1/15

People chose to gamble online for various reasons:

  • They do not live near a casino
  • They do not like crowds of people
  • They do not like the smoke
  • The legal age to gamble online is 18+
  • Some land based casinos require you to be 21+
  • An online casino may have an attractive bonus
Term1/15
How is a cooperative building owned
Definition1/15

The residents are shareholders in a corporation that owns the building, and shareholders are given exclusive use of residences or units.

Term1/15
What accurately describes a situation in which consumers have inelastic demand
Definition1/15

People cannot quit drinking coffee even though they want to cut down on caffeine intake.

Term1/15
Which is the following limits the freedom of both employers and workers in the labor market
Definition1/15

The existence of a minimum wage.

Term1/15
What is the following situations would the price of a good be most likely to decrease Apex
Definition1/15

The development of a new energy source reduces production costs for a company.

Term1/15
Because immigration can result in an increase in the supply of labor what can immigration result to
Definition1/15

A general decrease in wages. - Apex

Term1/15
What are the following actions is most likely to result in an increase in the money supply (Apex
Definition1/15

The friend buys millions of dollars in Treasury bonds

Term1/15
Which of the following accurately describes the effect of a situation of scarcity
Definition1/15

Jjj

Term1/15
What if the following describes a situation in which there would be a decreasing marginal utility
Definition1/15

Buying a second winter coat.

Term1/15
What is an example of a labor law in economics
Definition1/15

A restriction on when a union may call a strike

Term1/15
Which of the following is an example of expansionary fiscal policy
Definition1/15

cutting taxes

Term1/15
Match each organization with its correct relationship to the government
Definition1/15

A. Social security _ government agency

B. U.S. Postal Service _ government corporation

C. Boeing _ government contractor

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Cards in this guide (15)
What is an essential commodity needed for the productive process

labor

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 best explains why buying a single family home in a city is a good investment

Housing prices in cities generally increase more quickly than anywhere else.

Why do people gamble online

People chose to gamble online for various reasons:

  • They do not live near a casino
  • They do not like crowds of people
  • They do not like the smoke
  • The legal age to gamble online is 18+
  • Some land based casinos require you to be 21+
  • An online casino may have an attractive bonus
How is a cooperative building owned

The residents are shareholders in a corporation that owns the building, and shareholders are given exclusive use of residences or units.

What accurately describes a situation in which consumers have inelastic demand

People cannot quit drinking coffee even though they want to cut down on caffeine intake.

Which is the following limits the freedom of both employers and workers in the labor market

The existence of a minimum wage.

What is the following situations would the price of a good be most likely to decrease Apex

The development of a new energy source reduces production costs for a company.

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 the following actions is most likely to result in an increase in the money supply (Apex

The friend buys millions of dollars in Treasury bonds

Which of the following accurately describes the effect of a situation of scarcity

Jjj

What if the following describes a situation in which there would be a decreasing marginal utility

Buying a second winter coat.

What is an example of a labor law in economics

A restriction on when a union may call a strike

Which of the following is an example of expansionary fiscal policy

cutting taxes

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

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