Which of the following is one of the major factors determining the level of wages
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Definition1/19
The Law of Supply and Demand.
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Term1/19
Which of the following leads to the end of a boom period in the business cycle
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Definition1/19
An reduction in consumer demand resulting from a reduction in
prices.
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Term1/19
Which of the following can employers use to prevent an industrial action by a union from affecting production
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Definition1/19
Strikebreakers
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Term1/19
An increase in the standard of living results from an increase in what
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Definition1/19
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
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Term1/19
Which of the following is one disadvantage for a company that goes public
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Definition1/19
The pressure to make profits is increased.
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Term1/19
Monetary policy in the US is carried out primarily by what agencies
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Definition1/19
The Federal Reserve Bank
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Term1/19
Which of the following results from a large company's ability to take advantage of economies of a scale
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Definition1/19
The company can offer goods more cheaply than smaller
retailers.
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Term1/19
Which of the following is another term for market clearing price
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Definition1/19
equilibrium price
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Term1/19
Which is the following limits the freedom of both employers and workers in the labor market
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Definition1/19
The existence of a minimum wage.
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Term1/19
Which of the following best describes how the federal reserve bank keeps banks during a bank run
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Definition1/19
The Federal Reserve Bank manages the U.S. economy by controlling
the money supply.
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Term1/19
What is the following situations would the price of a good be most likely to decrease Apex
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Definition1/19
The development of a new energy source reduces production costs for a company.
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Term1/19
Because immigration can result in an increase in the supply of labor what can immigration result to
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Definition1/19
A general decrease in wages. - Apex
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Term1/19
Which of the following best explains how a barter system works Apex
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Definition1/19
Goods and services are exchanged without the use of money
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Term1/19
Which of the following is most likely to create new markets
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Definition1/19
free trade
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Term1/19
Which of the following accurately describes the effect of a situation of scarcity
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Definition1/19
Jjj
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Term1/19
Which of the following best explains why large companies have an advantage over smallercompanies
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Definition1/19
Economics of scale make it possible to offer lower prices
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Term1/19
Ask us of the following most accurately explains why fiat money differs from commodity money
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Definition1/19
Fiat money has value bc the gov. declares that it has value.
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Term1/19
What if the following describes a situation in which there would be a decreasing marginal utility
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Definition1/19
Buying a second winter coat.
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Term1/19
Which of the following is an example of expansionary fiscal policy
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Definition1/19
cutting taxes
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Cards in this guide (19)
Which of the following is one of the major factors determining the level of wages
The Law of Supply and Demand.
Which of the following leads to the end of a boom period in the business cycle
An reduction in consumer demand resulting from a reduction in
prices.
Which of the following can employers use to prevent an industrial action by a union from affecting production
Strikebreakers
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
The Federal Reserve Bank
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.
Which of the following is another term for market clearing price
equilibrium price
Which is the following limits the freedom of both employers and workers in the labor market
The existence of a minimum wage.
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
Which of the following is most likely to create new markets
free trade
Which of the following accurately describes the effect of a situation of scarcity
Jjj
Which of the following best explains why large companies have an advantage over smallercompanies
Economics of scale make it possible to offer lower 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.
What if the following describes a situation in which there would be a decreasing marginal utility
Buying a second winter coat.
Which of the following is an example of expansionary fiscal policy