a goodyear vulcanized tire is a good example of a durable
rubber
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Term1/15
How did the existence of the baby boom generation change demand in the US
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Definition1/15
demand was raised for different goods with each age of the baby
boomers reached.
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Term1/15
What is deciding whether to do or use one additional unit of some resource
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Definition1/15
Thinking at the margin... i think
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Term1/15
List two forms that technological advancement can take and give an example of each form
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Definition1/15
Technological advancement can be seen as progress within
society. For example, people living better is progress. Another way
you can see technological advancement is through the use of
advanced devices.
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Term1/15
Which product would be likely to be bought in the same quantity even if it doubled in price
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Definition1/15
Salt
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Term1/15
What are the components of business cycle
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Definition1/15
The components of the business cycle is Prosperity, Recession,
and depression.
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Term1/15
What is an example of scarcity rather than shortage
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Definition1/15
A person wants an endless supply of everything but cannot have
it.
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Term1/15
What change in monetary policy could eventually cause overborrowing and overinvestment
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Definition1/15
a decrease in the money supply
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Term1/15
Should all college students be required to study abroad for a semester
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Definition1/15
Type
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Term1/15
The term normal goods refers to what kind of goods
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Definition1/15
Goods that consumers demand more of when their incomes
increase
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Term1/15
Which of the following statements concerning price indexes is not accurate
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Definition1/15
A Price indexes assist the government in making policy decisions
B Price indexes produce an average of prices that economists can compare to earlier averages
C Price indexes assist consumers and businesses in making economic decisions
D price indexes define the cost of goods in the entire economy at a given point in time
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Term1/15
In drunken driving cases the police must conduct tests on suspects
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Definition1/15
fair and safe
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Term1/15
Why would you want to create a bar graph from a budget spreadsheet
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Definition1/15
to see where most of your money is going
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Term1/15
Antitrust laws allow the U.S. government to do all of the following except .
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Definition1/15
stop firms from selling new products
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Term1/15
As the price of a slice of pizza increases would most likely happens to the quantity demand it
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Definition1/15
Ashley will buy two fewer slices of pizza.
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Cards in this guide (15)
What is a strong durable rubber
a goodyear vulcanized tire is a good example of a durable
rubber
How did the existence of the baby boom generation change demand in the US
demand was raised for different goods with each age of the baby
boomers reached.
What is deciding whether to do or use one additional unit of some resource
Thinking at the margin... i think
List two forms that technological advancement can take and give an example of each form
Technological advancement can be seen as progress within
society. For example, people living better is progress. Another way
you can see technological advancement is through the use of
advanced devices.
Which product would be likely to be bought in the same quantity even if it doubled in price
Salt
What are the components of business cycle
The components of the business cycle is Prosperity, Recession,
and depression.
What is an example of scarcity rather than shortage
A person wants an endless supply of everything but cannot have
it.
What change in monetary policy could eventually cause overborrowing and overinvestment
a decrease in the money supply
Should all college students be required to study abroad for a semester
Type
The term normal goods refers to what kind of goods
Goods that consumers demand more of when their incomes
increase
Which of the following statements concerning price indexes is not accurate
A Price indexes assist the government in making policy decisions
B Price indexes produce an average of prices that economists can compare to earlier averages
C Price indexes assist consumers and businesses in making economic decisions
D price indexes define the cost of goods in the entire economy at a given point in time
In drunken driving cases the police must conduct tests on suspects
fair and safe
Why would you want to create a bar graph from a budget spreadsheet
to see where most of your money is going
Antitrust laws allow the U.S. government to do all of the following except .
stop firms from selling new products
As the price of a slice of pizza increases would most likely happens to the quantity demand it