What is an essential commodity needed for the productive process
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Definition1/20
labor
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Term1/20
What best explains the purpose of a strike
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Definition1/20
To get employers to submit to collective bargaining.
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Term1/20
When consumers get more money they tend to substitute normal goods for what goods
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Definition1/20
When consumers get more money, they tend to substitute normal
goods for _inferior_ goods.
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Term1/20
An increase in the standard of living results from an increase in what
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Definition1/20
an increase in standard of living comes from increase in income. An increase in national income will increase the standard of living of the people of that nation. Income
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Term1/20
Why do people gamble online
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Definition1/20
People chose to gamble online for various reasons:
They do not live near a casino
They do not like crowds of people
They do not like the smoke
The legal age to gamble online is 18+
Some land based casinos require you to be 21+
An online casino may have an attractive bonus
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Term1/20
What best states the purpose of an import quota
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Definition1/20
To reduce competition from foreign producers.
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Term1/20
When an employer prevents workers from entering their workplace it is called what
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Definition1/20
When an employer prevents workers from entering their workplace
it is called a lockout.
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Term1/20
Which of the following is the best example of a substitution
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Definition1/20
People at the movie theater switch from popcorn to candy because
popcorn has gotten too expensive.
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Term1/20
Which of the following is another term for market clearing price
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Definition1/20
equilibrium price
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Term1/20
What do economists use to measure the personal satisfaction someone gets from consuming goods and services
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Definition1/20
Utility because it's a term in economics that refers to the total satisfaction received from consuming a good or service.
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Term1/20
What is the following situations would the price of a good be most likely to decrease Apex
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Definition1/20
The development of a new energy source reduces production costs for a company.
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Term1/20
Because immigration can result in an increase in the supply of labor what can immigration result to
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Definition1/20
A general decrease in wages. - Apex
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Term1/20
Which of he following is an advantage of a partnership
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Definition1/20
Specialization. A+
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Term1/20
Which of the following accurately describes the effect of a situation of scarcity
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Definition1/20
Jjj
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Term1/20
Which of the following best explains why large companies have an advantage over smallercompanies
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Definition1/20
Economics of scale make it possible to offer lower prices
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Term1/20
What Best explains the effect of immigration in the labor market
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Definition1/20
Immigration increases the supply of labor
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Term1/20
What if the following describes a situation in which there would be a decreasing marginal utility
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Definition1/20
Buying a second winter coat.
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Term1/20
Which of the following is an example of expansionary fiscal policy
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Definition1/20
cutting taxes
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Term1/20
Match each organization with its correct relationship to the government
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Definition1/20
A. Social security _ government agency
B. U.S. Postal Service _ government corporation
C. Boeing _ government contractor
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Cards in this guide (20)
What explains why globalization has led to wage cuts in some jobs in the United States
What is an essential commodity needed for the productive process
labor
What best explains the purpose of a strike
To get employers to submit to collective bargaining.
When consumers get more money they tend to substitute normal goods for what goods
When consumers get more money, they tend to substitute normal
goods for _inferior_ goods.
An increase in the standard of living results from an increase in what
an increase in standard of living comes from increase in income. An increase in national income will increase the standard of living of the people of that nation. Income
Why do people gamble online
People chose to gamble online for various reasons:
They do not live near a casino
They do not like crowds of people
They do not like the smoke
The legal age to gamble online is 18+
Some land based casinos require you to be 21+
An online casino may have an attractive bonus
What best states the purpose of an import quota
To reduce competition from foreign producers.
When an employer prevents workers from entering their workplace it is called what
When an employer prevents workers from entering their workplace
it is called a lockout.
Which of the following is the best example of a substitution
People at the movie theater switch from popcorn to candy because
popcorn has gotten too expensive.
Which of the following is another term for market clearing price
equilibrium price
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.
What is the following situations would the price of a good be most likely to decrease Apex
The development of a new energy source reduces production costs for a company.
Because immigration can result in an increase in the supply of labor what can immigration result to
A general decrease in wages. - Apex
Which of he following is an advantage of a partnership
Specialization. A+
Which of the following accurately describes the effect of a situation of scarcity
Jjj
Which of the following best explains why large companies have an advantage over smallercompanies
Economics of scale make it possible to offer lower prices
What Best explains the effect of immigration in the labor market
Immigration increases the supply of labor
What if the following describes a situation in which there would be a decreasing marginal utility
Buying a second winter coat.
Which of the following is an example of expansionary fiscal policy
cutting taxes
Match each organization with its correct relationship to the government