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Economics

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Kendall Kris

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Cards in this guide (15)
What best explains the purpose of a strike

To get employers to submit to collective bargaining.

Which is an example of a government policy that protects domestic producers against international competition

Subsidies

What best states the main difference between a monopoly and pure competition

A monopoly involves no competition at all while pure competition involves a high level of competition.

Advertising is the main source of revenue for which of the following industries

Media

Because labor is a commodity wages are affected by what

SUPPLY AND DEMAND for particular skills or work quality, among other factors.

In the game of economics workers are the players who function as both producers and

In the game of economics, workers are the players who function as both producers and _consumers_

What are two kinds of smoke produced by tabacco

i dont give a f@#% dont smoke and i dont give a #$%^.

Which of the following is uded by economists to measure the satisfaction a person gets from the use or consumption of goods and services

The concept of utility.

Which of the following best explains the purpose of a supply curve

to graph the realationship between quanity supplied and price charged (apex)

What best states one effect of advertising

consumer behavior is influenced is the answer for apex

Match each term below with correct definition

The answer is

Ubiquitous:being everywhere

Succinct:to the point

Querulous:complaining a lot

What Match the role with what each player in that role does.

Producer provides goods , worker makes goods consumer uses goods

What period comes after a period of recovery in a business cycle

A boom.

What if the following describes a situation in which there would be a decreasing marginal utility

Buying a second winter coat.

Is the best example of a fungible good apex

Potatoes

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