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☆☆☆☆☆Cards in this guide (19)
Explain how the production of services differs from the production of manufacturing goods give two example
In the game of economics, which of the following players use goods and services?
What best describes the incentive for producers to conduct market research
The desire to know what consumers want.
Which of the following are useful for conducting market research
Focus groups Focus groups
Which of the following is necessary for hiring workers and organizing production
Businesses
Which statements best explains why producers conduct market research
Market research helps producers earn more profits.
The Gross Domestic Product goes down when which of the following occurs
Imports increase faster than exports.
Which of the following best describes the purpose of advertising
to transmit product messages to an audience
What was the goal of nativists
To stop immigration =APEX
Which of the following terms best characterizes cost-benefit analysis
Rational
Consumers influence the decisions of producers in which of the following way
through the purchasing decisions they make
What describes an efficient outcome
A car is designed to waste as little fuel as possible.
The way a company does business is driven by
Its business model
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 is essential part of making rational choice
Doing cost-benefit analysis
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.
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
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