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Economics

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Christophe Greenfeld...

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Cards in this guide (15)
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

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 simplest way to create capital

the public and private sectors save more
erm.. if you mean to create capital letters on a keyboard, the simplest way (that i think) it to press shift. shift is the one with a pointing up arrow? :S :S :S

What is the subject on which a tax is levied

tax base

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

If supply exceeds demand for a product what economic explanation occurs

prices decrease

This type of economics addresses the question how can you achieve the goals that have been established

Applied Economics A+

A certain producers business is to collect sterilize add seltzer and redbottle water after doing this how can the water be classified

economic question

Consumers create construct or offer goods and servies for sale to a consumer

false

Which of these described they economic view of the Chicago school of economists

microeconomic

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