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Economics

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Travis Dach

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Cards in this guide (21)
According to the circular flow model which of the following is not provided by consumers

Wages

Which of the following best describes the purpose of advertising

to transmit product messages to an audience

Because labor is a commodity wages are affected by what

SUPPLY AND DEMAND for particular skills or work quality, among other factors.

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.

Which of the following explains why companies spend money on advertising

Companies want to influence consumer behavior through advertising.

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 is the income people receive for supplying factors of production such as land labor or capital called

They are called factor payments.

In the study of economics which is the definition of a market

an arrangement that allows buyers and sellers to exchange things

Best explains the purpose of protectionist trade policies such as tariffs and subsidies

nnnnnnnn

Which of the following is another term for market clearing price

equilibrium price

Which of the following is not an economic goal that influences how societies answer the three key economic questions

In order to know which of the following is not an economic goal that influences how societies answer the three key economic questions one would need to know the answer choices.

Which of the followiwng is a charcteristic of the factors of production

which of the following is a characteristic of the factors of production

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.

Which of he following is an advantage of a partnership

Specialization. A+

Which of the following is a way that companies attempt to get consumers to buy their products instead of their products instead of their competitors products

Please rewrite. The question can not be answered. The list given you is not provided. We ave no idea of what "which of the following " is.

What Of The Following is an essential part of making a rational choice

doing cost benefit analysis

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

Jjj

Best explains the purpose of a demand schedule

To show the level of demand at various prices

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

A. Social security _ government agency

B. U.S. Postal Service _ government corporation

C. Boeing _ government contractor

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