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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.
Which axis of a graph will always run vertically from the bottom to the top of the page
The y axis always runs vertically.
Under this economic theory the government does not get involved in the economy
Laissez-Faire
This type of graph is excellent for showing business cycles
line graph
The most preferred type of graph to use for change over time is the line graph.
In economic terms what does market mean
the coming together of a buyer and seller
What type of tax is placed on the value of inherited property
inheritance
What is the subject on which a tax is levied
tax base
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
In which direction does the supply curve slope from the left to the right
upward
The financial management service is the bookkeeper for the federal government and is managed by this department
treasury
On a graph what are the labels for the axes and the name called
titles
What department operates US Custom Service that collects duties on imports combats smuggling and other international crimes
Treasury
Consumers create construct or offer goods and servies for sale to a consumer
false
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