Cards in this guide (22)
What accurately describes the process of currency exchange
Money from one country is bought using money from another
country.
Which of the following is one of the major factors determining the level of wages
The Law of Supply and Demand.
What accurately describes a surplus
An example: Consumer demand for a certain car is below the
number of cars that are produced. There is an unsold surplus of the
vehicles.
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 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
Which of the following explains why government sets a required reserve ratio for private banks
To make sure banks don't run out of money when customers make
withdrawals
Which of the following most accurately explains why money differs from commodity money
Fiat money only has value as a medium of exchange. Apex
What statements best explains the purpose of market research
Market research helps producers earn more profits ~
Which of the following best describes how the federal reserve bank keeps banks during a bank run
The Federal Reserve Bank manages the U.S. economy by controlling
the money supply.
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
Which of the following best explains how a barter system works Apex
Goods and services are exchanged without the use of money
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 actions is most likely to result in an increase in the money supply
The Fed buys millions of dollars in Treasury bonds
Which of the following is most likely to create new markets
Which of the following accurately describes the effect of a situation of scarcity
Best explains the purpose of a demand schedule
To show the level of demand at various prices
Ask us of the following most accurately explains why fiat money differs from commodity money
Fiat money has value bc the gov. declares that it has value.
Most accurately describes the difference between common stock and preferred stock
Which of the following is an example of expansionary fiscal policy
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
