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Economics

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Herman Homenick

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Cards in this guide (17)
Which of the following would not increase GDP

More imports
Imports. Apex 8)
imports. Apex 8)
Greater levels of investment.

Economics is about allocating resources to produce and distribute which of the following

Goods and services

What was the goal of nativists

To stop immigration =APEX

How does earths solid inner core affect seismic waves

Seismic waves contain both P waves and S waves. P waves can travel through the Earth including the inner core while S waves could not pass through the core.

What is the most direct benefit of greater productivity

Goods and services are produced faster, which should reduce costs and improve company profits. Additionally, consumers should benefit from lower prices and increased availability.

Which of the following terms best characterizes cost-benefit analysis

Rational

Best explains what makes allocation decisions necessary

There are never enough goods and services to satisfy wants and needs

What concept do economists use to measure the satisfaction a person gets from the use or consumption of goods and services

The concept of utility is a measure of consumer satisfaction.

How did the industrial revolution change working conditions for people

There was very little need for skilled labor

Which of the following best explains why the game of economics does not have a signal goal

Evaluation

How were slaves affected by the new republic

Some northern states made slavery against the law.

What was one argument against immigration

Immigrants used public services but didn't pay taxes.

What did the Eighteenth and nineteenth century Romantics called the Dismal Science

Economics was called the dismal science.

Which of the following statements about racial groups in the US is true

Which of the following statements about racial groups in the U.S. is true?

Which of the following is another term for a planned economy

socialist system

Which following describes an action that serves the goal of equity

A player with the fewest points is given more points to help them catch up.

Which of the following are not features of all games

-Winners

-Positions

-Teams

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