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
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
In this department the Food Safety and Inspection Service inspects food and meat processing plants to make sure the products are safe for consumers
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
Certain types of these large business organizations existed during the Colonial Era
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
This department promotes American interests in foreign trade maintaining a network of offices that report on the business activity in foreign nations
On a graph what are the labels for the axes and the name called
The interaction of the producer and the consumer establishes a price
Only one person is liable if the business fails
The factors of production are the beginning of the process that makes up the
What department operates US Custom Service that collects duties on imports combats smuggling and other international crimes
Which tools does the government use to regulate and keeps banks from over extending themselves
