Cards in this guide (19)
What is an example of an allocation decision
Coal is set aside to burn as heating fuel.
A country's economy is stagnating when the GDP is doing which of the following
Neither rising nor falling
Which of the following economic indicators measures inactivity rather than activity
Which of the following questions must be answered in order to turn resources into products
How should production be organized?
idk i got it wrong but its NOT "How should production be organized? "
i think its "How are goods and services to be distributed?"
Which of the following best describes the kinds of decisions that result from using cost-benefit analysis
An outcome with benefits that are greater than the costs.
The gross domestic product goes up when there is what
More investment in businesses
Which of the following are useful for conducting market research
Focus groups Focus groups
What best explains why competition is an important part of a free-market system
C. Without competition, people wouldn't have a lot of choices.
Which of the following is a reason why peer pressure influences consumers
People often compare themselves to others.
Which of the following pairs of words best describes using cost benefit analysis maximizing and minimizing
The internet influences the economic decisions people make of which of the following
The information that is accessible allows consumers to consider
every available option..
Apex:) L.R
Which best describes a situation where the goal growth is being pursued
The government establishes a retirement program for its
citizens.
What do economists use to measure the personal satisfaction someone gets from consuming goods and services
Utility because it's a term in economics that refers to the total satisfaction received from consuming a good or service.
Which of the following is another term for a planned economy
Which of the following is true of decisions made using cost-benefit analsis
the best decision results in the most benefits with the fewest
costs
Which of the following would result in an increase in GDP apex
Greater levels of iinvestment
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
Which of the following best demonstrates the way consumers and producers influence each other in the free market system
