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Economics

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Hulda Pouros

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Cards in this guide (20)
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.

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.

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
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 one ofthe main causes of inflation

which of the following is one of the main causes of inflation Consumers demand good faster than they can be supplied

What is the influence of branding on price sensitivity

The main purpose of branding products is to create relatively inelastic demand for the product

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.

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 is a way that companies attempt to get consumers to buy their products instead of their products instead of their competitors products

Please rewrite. The question can not be answered. The list given you is not provided. We ave no idea of what "which of the following " is.

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

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

cutting taxes

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