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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.
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
Pro-
Which of the following is an example of expansionary fiscal policy
cutting taxes
Match each organization with its correct relationship to the government
A. Social security _ government agency
B. U.S. Postal Service _ government corporation
C. Boeing _ government contractor
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