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Economics

Jace Vandervort ∙

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Term1/19

Which of the following is one of the major factors determining the level of wages

Definition1/19

The Law of Supply and Demand.

Term1/19

What best describes the effect of a tariff on the import of cars from a foreign country

Definition1/19

Foreign cars become more expensive.

Term1/19

Which of the following can employers use to prevent an industrial action by a union from affecting production

Definition1/19

Strikebreakers

Term1/19

An increase in the standard of living results from an increase in what

Definition1/19

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

Term1/19

Which of the following is one disadvantage for a company that goes public

Definition1/19

The pressure to make profits is increased.

Term1/19

Which of the following best explains why buying a single family home in a city is a good investment

Definition1/19

Housing prices in cities generally increase more quickly than anywhere else.

Term1/19

Monetary policy in the US is carried out primarily by what agencies

Definition1/19

The Federal Reserve Bank

Term1/19

Which of the following is another term for market clearing price

Definition1/19

equilibrium price

Term1/19

Which of the following best describes how the federal reserve bank keeps banks during a bank run

Definition1/19

The Federal Reserve Bank manages the U.S. economy by controlling the money supply.

Term1/19

What is the following situations would the price of a good be most likely to decrease Apex

Definition1/19

The development of a new energy source reduces production costs for a company.

Term1/19

Because immigration can result in an increase in the supply of labor what can immigration result to

Definition1/19

A general decrease in wages. - Apex

Term1/19

Which of the following best explains how a barter system works Apex

Definition1/19

Goods and services are exchanged without the use of money

Term1/19

Which of the following is most likely to create new markets

Definition1/19

free trade

Term1/19

Which of the following accurately describes the effect of a situation of scarcity

Definition1/19

Jjj

Term1/19

Which of the following best explains why large companies have an advantage over smallercompanies

Definition1/19

Economics of scale make it possible to offer lower prices

Term1/19

Ask us of the following most accurately explains why fiat money differs from commodity money

Definition1/19

Fiat money has value bc the gov. declares that it has value.

Term1/19

Match each type of policy with the example that best fits its definition. A. Protectionist policy The government goes into debt to buy a large number of vehicles for the military. B. Fiscal policy The

Definition1/19

Pro-

Term1/19

Which of the following is an example of expansionary fiscal policy

Definition1/19

cutting taxes

Term1/19

Match each organization with its correct relationship to the government

Definition1/19

A. Social security _ government agency

B. U.S. Postal Service _ government corporation

C. Boeing _ government contractor

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Cards in this guide (19)

Which of the following is one of the major factors determining the level of wages

The Law of Supply and Demand.

What best describes the effect of a tariff on the import of cars from a foreign country

Foreign cars become more expensive.

Which of the following can employers use to prevent an industrial action by a union from affecting production

Strikebreakers

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

Which of the following is one disadvantage for a company that goes public

The pressure to make profits is increased.

Which of the following best explains why buying a single family home in a city is a good investment

Housing prices in cities generally increase more quickly than anywhere else.

Monetary policy in the US is carried out primarily by what agencies

The Federal Reserve Bank

Which of the following is another term for market clearing price

equilibrium price

Which of the following best describes how the federal reserve bank keeps banks during a bank run

The Federal Reserve Bank manages the U.S. economy by controlling the money supply.

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 the following best explains how a barter system works Apex

Goods and services are exchanged without the use of money

Which of the following is most likely to create new markets

free trade

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

Ask us of the following most accurately explains why fiat money differs from commodity money

Fiat money has value bc the gov. declares that it has value.

Pro-

Which of the following is an example of expansionary fiscal policy

cutting taxes

Which of the following is one of the major factors determining the level of wages

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Economics

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Economics

Which of the following is one of the major factors determining the level of wages

Which of the following can employers use to prevent an industrial action by a union from affecting production

An increase in the standard of living results from an increase in what

Which of the following is one disadvantage for a company that goes public

Economics

What accurately describes the process of currency exchange

Which of the following is one of the major factors determining the level of wages

What accurately describes a surplus

An increase in the standard of living results from an increase in what

Economics

Which best describes the use of open market operations to influence the money supply

What accurately describes the process of currency exchange

Which of the following is one of the major factors determining the level of wages

What accurately describes a surplus

Economics

What do capital controls prevent

Which of the following has led to greater competition among workers looking for jobs

Because labor is a commodity wages are affected by what

Which of the following is one of the major factors determining the level of wages

Economics

What do capital controls prevent

Which of the following has led to greater competition among workers looking for jobs

Because labor is a commodity wages are affected by what

Which of the following is one of the major factors determining the level of wages

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