Cards in this guide (24)
What is demand-pull inflation
when prices of goods increase due to demand is called demand
pull inflation
What do capital controls prevent
Speculators from rushing into and out of a country's market and disrupting its economy./
Politicians approve pork barrel spending for what purpose
What best describes the effect of a tariff on the import of cars from a foreign country
Foreign cars become more expensive.
What best explains what happens when unemployment increases during a recession
The recession worsens into a depression.
What pairs of prefixes are closest to each other in size
Which of the following pairs of prefixes are closest to each
other in size?
What type of ownership has the highest level of security
The ownership of preferred stock
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.
When either prices go down what is there an increase in
What would most likely lead to a general decrease in wages
immigration
Immigration would most likely lead to a general decrease in wages. Immigrants are generally willing to work for less money than people already established in that country.
immigration
Monetary policy in the US is carried out primarily by what agencies
What best states the purpose of an import quota
To reduce competition from foreign producers.
Which of the following explains why government sets a required reserve ratio for private banks
To make sure banks don't run out of money when customers make
withdrawals
What accurately describes a situation in which consumers have inelastic demand
People cannot quit drinking coffee even though they want to cut
down on caffeine intake.
How were slaves affected by the new republic
Some northern states made slavery against the law.
Which of the following is one result of the international trade
creats new market -apex :)
When someone buys a fourth T.V for his house what is the results
There's a decrease in the marginal utility of the
television.
What acurrately describe one way that individual goods differ from public goods
People can be excluded from individual goods if they don't
pay
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.
What are needed to determine the equilibrium price of a good or service
Consumers have inelastic demand
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 of the following accurately describes the effects of a situation of scarcity
There's a shortage of oil, pushing car companies into researching alternative fuels.
What is an example of a labor law in economics
A restriction on when a union may call a strike
Which of the following is an example of expansionary fiscal policy
