Cards in this guide (21)
Technological advancements can improve productivity by doing which of the following
Developing machines that reduce the human effort needed to
produce goods and services.
When the gross domestic product is neither growing nor shrinking a country's economy is doing what
Calculations of cost and benefit are always which of the following
Which of the following best explains why the circular flow model characterizes the free-market system
Consumers and producers influence each other in a circular
fashion.
The Gross Domestic Product goes down when which of the following occurs
Imports increase faster than exports.
What questions must be asked about the use of resources in an economic system
What is the most effective allocation?APEX!
Which of the following best describes the purpose of advertising
to transmit product messages to an audience
Which of the following best explains why property rights are necessary in a free-market system
Property rights allow consumers and producers to make free
choices
Which of the following is a reason why peer pressure influences consumers
People often compare themselves to others.
In the game of economics workers play a double role functioning as both consumers and
In the game of economics, workers play a double role, functioning as both consumers and producers
Consumers and producers
What was the goal of nativists
To stop immigration =APEX
What concept do economists use to measure the satisfaction a person gets from the use or consumption of goods and services
The concept of utility is a measure of consumer satisfaction.
Which of the following best explains why the game of economics does not have a signal goal
How were slaves affected by the new republic
Some northern states made slavery against the law.
What was one argument against immigration
Immigrants used public services but didn't pay taxes.
Which can best explains why some economic goals are incompatible with each other
People are often in conflict over what they want.
What is debit to equity ratio
Debt to equity ratio is a measurement criteria to measure how
much debt is used in business as compare to owner's capital to
finance the business.
Which of the following is an example of a production decision ...
Science can be used to predict the effects of the dam on wildlife.
Which of the following is another term for a planned economy
Economics is about doing with the resources when it comes to the production and distribution of goods and services
Which if the following is not a goal pursued in the game of economics
