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Term1/17
What is the amount of a good or service that a consumer is willing to buy called
Definition1/17

Demand is considered what consumers are willing and able to buy. If the product or service is too expensive, then people won't buy it because they can't afford it and there will be no demand. If it's affordable but people don't see the use, they still won't buy it and there will still be no demand. In order to create demand, a product has to be both useful and affordable. The more useful and affordable it is, the more demand there will be.

Term1/17
In this department the Bureau of Economics provides an analysis of the nations economy including the GNP
Definition1/17

commerce

Term1/17
This type of economics addresses the question what is
Definition1/17

Pure economics addresses this question.

Term1/17
In which direction does the demand curve on a graph slant
Definition1/17

Downward left to right

Term1/17
In this department the Food Safety and Inspection Service inspects food and meat processing plants to make sure the products are safe for consumers
Definition1/17

Agriculture

Term1/17
Which of these should happen in order for a country to increase capital effectively
Definition1/17

More money invested and/or saved.

Term1/17
This form of business organization is used by some professional workers like doctors and lawyers
Definition1/17

Partnership

Term1/17
Certain types of these large business organizations existed during the Colonial Era
Definition1/17

corporation(:

Term1/17
What do the inner arrows of the circular flow model represent
Definition1/17

flow of money payments(Kaylop)
Factor services ( From household to firms) &

Goods & Services (From firms to households).

[in a 2 sector economy)

Term1/17
A certain producer's business is to collect sterilize add seltzer and re-bottle water After doing this how can the water be classified
Definition1/17

economic goods

Term1/17
This department promotes American interests in foreign trade maintaining a network of offices that report on the business activity in foreign nations
Definition1/17

COMMERCE{:

Term1/17
On a graph what are the labels for the axes and the name called
Definition1/17

titles

Term1/17
The interaction of the producer and the consumer establishes a price
Definition1/17

True.

Term1/17
Only one person is liable if the business fails
Definition1/17

proprietorship

Term1/17
The factors of production are the beginning of the process that makes up the
Definition1/17

gross nationaly product

Term1/17
What department operates US Custom Service that collects duties on imports combats smuggling and other international crimes
Definition1/17

Treasury

Term1/17
Which tools does the government use to regulate and keeps banks from over extending themselves
Definition1/17

Require assets

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Cards in this guide (17)
What is the amount of a good or service that a consumer is willing to buy called

Demand is considered what consumers are willing and able to buy. If the product or service is too expensive, then people won't buy it because they can't afford it and there will be no demand. If it's affordable but people don't see the use, they still won't buy it and there will still be no demand. In order to create demand, a product has to be both useful and affordable. The more useful and affordable it is, the more demand there will be.

In this department the Bureau of Economics provides an analysis of the nations economy including the GNP

commerce

This type of economics addresses the question what is

Pure economics addresses this question.

In which direction does the demand curve on a graph slant

Downward left to right

In this department the Food Safety and Inspection Service inspects food and meat processing plants to make sure the products are safe for consumers

Agriculture

Which of these should happen in order for a country to increase capital effectively

More money invested and/or saved.

This form of business organization is used by some professional workers like doctors and lawyers

Partnership

Certain types of these large business organizations existed during the Colonial Era

corporation(:

What do the inner arrows of the circular flow model represent

flow of money payments(Kaylop)
Factor services ( From household to firms) &

Goods & Services (From firms to households).

[in a 2 sector economy)

A certain producer's business is to collect sterilize add seltzer and re-bottle water After doing this how can the water be classified

economic goods

This department promotes American interests in foreign trade maintaining a network of offices that report on the business activity in foreign nations

COMMERCE{:

On a graph what are the labels for the axes and the name called

titles

The interaction of the producer and the consumer establishes a price

True.

Only one person is liable if the business fails

proprietorship

The factors of production are the beginning of the process that makes up the

gross nationaly product

What department operates US Custom Service that collects duties on imports combats smuggling and other international crimes

Treasury

Which tools does the government use to regulate and keeps banks from over extending themselves

Require assets

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