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Economics

Melvina Boyle ∙

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Term1/19

Which of the following best explains why the game of economics cannot eliminate scarcity

Definition1/19

There are not enough resources to produce all of the goods and services that everyone wants.

Term1/19

Technological advancements can improve productivity by doing which of the following

Definition1/19

Developing machines that reduce the human effort needed to produce goods and services.

Term1/19

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

Definition1/19

Goods and services

Term1/19

When the gross domestic product is neither growing nor shrinking a country's economy is doing what

Definition1/19

Stagnating

Term1/19

Calculations of cost and benefit are always which of the following

Definition1/19

Subjective

Term1/19

Which of the following best describes the kinds of decisions that result from using cost-benefit analysis

Definition1/19

An outcome with benefits that are greater than the costs.

Term1/19

Which economic indicator can show whether a country's economy is growing or stagnating

Definition1/19

The GDP is neither growing nor shrinking. APEX ;]
Gross Domestic Product

Term1/19

The Gross Domestic Product goes down when which of the following occurs

Definition1/19

Imports increase faster than exports.

Term1/19

Which of the following explains why companies spend money on advertising

Definition1/19

Companies want to influence consumer behavior through advertising.

Term1/19

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

Definition1/19

Evaluation

Term1/19

Which of the following is essential part of making rational choice

Definition1/19

Doing cost-benefit analysis

Term1/19

Which of the following economic indicators would be most useful for figuring out whether the economy is growing quickly of slowly

Definition1/19

gross domestic product

Term1/19

What is debit to equity ratio

Definition1/19

Debt to equity ratio is a measurement criteria to measure how much debt is used in business as compare to owner's capital to finance the business.

Term1/19

What must be a feature of an activity for it to be a game

Definition1/19

A set of rules

Term1/19

Which of the following is an example of a production decision ...

Definition1/19

Science can be used to predict the effects of the dam on wildlife.

Term1/19

Which of the following is another term for a planned economy

Definition1/19

socialist system

Term1/19

Economics is about doing with the resources when it comes to the production and distribution of goods and services

Definition1/19

Allocating Apex

Term1/19

Which if the following is not a goal pursued in the game of economics

Definition1/19

Stagnation

Term1/19

Which of the following best demonstrates the way consumers and producers influence each other in the free market system

Definition1/19

A circular model

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Cards in this guide (19)

Which of the following best explains why the game of economics cannot eliminate scarcity

There are not enough resources to produce all of the goods and services that everyone wants.

Technological advancements can improve productivity by doing which of the following

Developing machines that reduce the human effort needed to produce goods and services.

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

Goods and services

When the gross domestic product is neither growing nor shrinking a country's economy is doing what

Stagnating

Calculations of cost and benefit are always which of the following

Subjective

Which of the following best describes the kinds of decisions that result from using cost-benefit analysis

An outcome with benefits that are greater than the costs.

Which economic indicator can show whether a country's economy is growing or stagnating

The GDP is neither growing nor shrinking. APEX ;]
Gross Domestic Product

The Gross Domestic Product goes down when which of the following occurs

Imports increase faster than exports.

Which of the following explains why companies spend money on advertising

Companies want to influence consumer behavior through advertising.

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

Evaluation

Which of the following is essential part of making rational choice

Doing cost-benefit analysis

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 is debit to equity ratio

Debt to equity ratio is a measurement criteria to measure how much debt is used in business as compare to owner's capital to finance the business.

What must be a feature of an activity for it to be a game

A set of rules

Which of the following is an example of a production decision ...

Science can be used to predict the effects of the dam on wildlife.

Which of the following is another term for a planned economy

socialist system

Economics is about doing with the resources when it comes to the production and distribution of goods and services

Allocating Apex

When the gross domestic product is neither growing nor shrinking a country's economy is doing what

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Economics

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Economics

Economics is about allocating resources for doing which of the following processes involving goods and services

Technological advancements can improve productivity by doing which of the following

When the gross domestic product is neither growing nor shrinking a country's economy is doing what

Calculations of cost and benefit are always which of the following

Economics

Why does globalization lead to a reduction in wages in developed countries

Which of the following best explains why the game of economics cannot eliminate scarcity

Technological advancements can improve productivity by doing which of the following

When the gross domestic product is neither growing nor shrinking a country's economy is doing what

Economics

Technological advancements can improve productivity by doing which of the following

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

When the gross domestic product is neither growing nor shrinking a country's economy is doing what

Calculations of cost and benefit are always which of the following

Economics

Technological advancements can improve productivity by doing which of the following

When the gross domestic product is neither growing nor shrinking a country's economy is doing what

Calculations of cost and benefit are always which of the following

The two forms of technology are better devices and improved

Economics

How do you control some ones mind

What is M.cap

Technological advancements can improve productivity by doing which of the following

When the gross domestic product is neither growing nor shrinking a country's economy is doing what

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