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☆☆☆☆☆Cards in this guide (21)
Which of the following would not increase GDP
More imports
Imports. Apex 8)
imports. Apex 8)
Greater levels of investment.
Which of the following describes a situation where the goal of security is being pursued
The government establishes a retirement program for its citizens.
Which of the following is not an economic goal
Victory
Economics is about allocating resources to produce and distribute which of the following
Goods and services
Calculations of cost and benefit are always which of the following
Subjective
Which of the following best explains why the circular flow model characterizes the free-market system
Consumers and producers influence each other in a circular fashion.
What was the goal of nativists
To stop immigration =APEX
What describes an efficient outcome
A car is designed to waste as little fuel as possible.
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.
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 is the benefit of greater organization
Increase in productivity
Which of the following economic indicators would be most useful for figuring out whether the economy is growing quickly of slowly
gross domestic product
What did the Eighteenth and nineteenth century Romantics called the Dismal Science
Economics was called the dismal science.
What best explains why players in the game of economics are often in conflict with each other
Some economic goals are incompatible with each other.
The need to get goods from producers to consumers raises what basic questions
How are goods and services distributed
Which of the following is another term for a planned economy
socialist system
Which if the following is not a goal pursued in the game of economics
Stagnation
Which of the following best demonstrates the way consumers and producers influence each other in the free market system
A circular model
Which of the following are not features of all games
-Winners
-Positions
-Teams
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