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Economics

Hilbert Boehm ∙

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Term1/13

What explains why globalization has led to wage cuts in some jobs in the United States

Definition1/13

Outsourcing increases the domestic supply of workers, driving down the price of labor.

Term1/13

What is an essential commodity needed for the productive process

Definition1/13

labor

Term1/13

Because labor is a commodity wages are affected by what

Definition1/13

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

Term1/13

An increase in the standard of living results from an increase in what

Definition1/13

an increase in standard of living comes from increase in income. An increase in national income will increase the standard of living of the people of that nation.
Income

Term1/13

Why do people gamble online

Definition1/13

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

Term1/13

Which of the following is another term for market clearing price

Definition1/13

equilibrium price

Term1/13

What is the following situations would the price of a good be most likely to decrease Apex

Definition1/13

The development of a new energy source reduces production costs for a company.

Term1/13

Because immigration can result in an increase in the supply of labor what can immigration result to

Definition1/13

A general decrease in wages. - Apex

Term1/13

Which of he following is an advantage of a partnership

Definition1/13

Specialization. A+

Term1/13

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

Definition1/13

Jjj

Term1/13

Best explains the purpose of a demand schedule

Definition1/13

To show the level of demand at various prices

Term1/13

What if the following describes a situation in which there would be a decreasing marginal utility

Definition1/13

Buying a second winter coat.

Term1/13

Which of the following is an example of expansionary fiscal policy

Definition1/13

cutting taxes

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Cards in this guide (13)

What explains why globalization has led to wage cuts in some jobs in the United States

Outsourcing increases the domestic supply of workers, driving down the price of labor.

What is an essential commodity needed for the productive process

labor

Because labor is a commodity wages are affected by what

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

An increase in the standard of living results from an increase in what

an increase in standard of living comes from increase in income. An increase in national income will increase the standard of living of the people of that nation.
Income

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

Which of the following is another term for market clearing price

equilibrium price

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.

Because immigration can result in an increase in the supply of labor what can immigration result to

A general decrease in wages. - Apex

Which of he following is an advantage of a partnership

Specialization. A+

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

An increase in the standard of living results from an increase in what

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Economics

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Economics

What explains why globalization has led to wage cuts in some jobs in the United States

What is an essential commodity needed for the productive process

What best explains the purpose of a strike

When consumers get more money they tend to substitute normal goods for what goods

Economics

What explains why globalization has led to wage cuts in some jobs in the United States

What is an essential commodity needed for the productive process

Which of the following best describes the purpose of advertising

When consumers get more money they tend to substitute normal goods for what goods

Economics

What explains why globalization has led to wage cuts in some jobs in the United States

What is an essential commodity needed for the productive process

What describes a situation in which the price of a good would fall

Which of the following best describes the purpose of advertising

Economics

Which is an example of a government policy that protects domestic producers against international competition

Which of the following is one of the major factors determining the level of wages

Which of the following can employers use to prevent an industrial action by a union from affecting production

An increase in the standard of living results from an increase in what

Economics

Which of the following is one of the major factors determining the level of wages

Which of the following leads to the end of a boom period in the business cycle

Which of the following can employers use to prevent an industrial action by a union from affecting production

An increase in the standard of living results from an increase in what

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