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☆☆☆☆☆Cards in this guide (19)
What is an example of an allocation decision
Coal is set aside to burn as heating fuel.
Economics is about allocating resources to produce and distribute which of the following
Goods and services
Which of the following are useful for conducting market research
Focus groups Focus groups
Which of the following is necessary for hiring workers and organizing production
Businesses
Which of the following best explains why property rights are necessary in a free-market system
Property rights allow consumers and producers to make free choices
What was the goal of nativists
To stop immigration =APEX
Which of the following best explains why different people have different levels of risk aversionWhich of the following best explains why different people have different levels of risk aversion
Some people are willing to take more chances than others.
Which of the following terms best characterizes cost-benefit analysis
Rational
What describes an efficient outcome
A car is designed to waste as little fuel as possible.
The way a company does business is driven by
Its business model
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.
Which of the following best explains why the game of economics does not have a signal goal
Evaluation
Which of the following is essential part of making rational choice
Doing cost-benefit analysis
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.
Which of the following is another term for a planned economy
socialist system
Economics is about doing with the resources when it comes to the production and distribution of goods and services
Allocating Apex
Which if the following is not a goal pursued in the game of economics
Stagnation
Which of the following best demonstrates the way consumers and producers influence each other in the free market system
A circular model
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