Cards in this guide (15)
What is the amount of a good or service that a consumer is willing to buy called
Demand is considered what consumers are willing and able to buy.
If the product or service is too expensive, then people won't buy
it because they can't afford it and there will be no demand. If
it's affordable but people don't see the use, they still won't buy
it and there will still be no demand. In order to create demand, a
product has to be both useful and affordable. The more useful and
affordable it is, the more demand there will be.
Which axis of a graph will always run vertically from the bottom to the top of the page
The y axis always runs vertically.
The economic policy of John Maynard Keynes called for government assistance so there could be full employment
In which direction does the demand curve on a graph slant
In this department the Food Safety and Inspection Service inspects food and meat processing plants to make sure the products are safe for consumers
This form of business organization is used by some professional workers like doctors and lawyers
The financial management service is the bookkeeper for the federal government and is managed by this department
This department operates the federal bureau of investigation which investigates federal violations
On a graph what are the labels for the axes and the name called
The interaction of the producer and the consumer establishes a price
What department operates US Custom Service that collects duties on imports combats smuggling and other international crimes
What is the historical economic role of the government includes all of the following except
Which of these described they economic view of the Chicago school of economists
This department operates the Bureau of Mines which conducts reports on mining techniques.