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Economics

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Giovanny Medhurst

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βˆ™ 2021-11-07 19:34:21
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Cards in this guide (30)
How can the government promote socially responsible production

By passing environmental-protection regulations

Why does the IMF impose conditionality on countries that accept its loans

The IMF wants to help fix the economies of countries that need its help. <apex>

How has globalization contributed to the recent increase in international terrorism

The downsides of globalization affect many people who often feel they have nowhere to turn other than violence.

Which is one way that credit cards differ from debit cards

With a credit card, you pay later for something you buy.

What is one of the disadvantages of getting a government-sponsored mortgage

Government mortgages put a limit on the purchase price of a house. Government mortgages take a long time and a lot of paperwork to get approved.

What is the purpose of a letter-writing campaign conducted by a group of consumers

To get a company to change its business practices voluntarily

What do boycotters end up doing since participating in a boycott often involves a sacrifice

Paying higher prices

A high level of what is most likely to lead to a higher wage

Education

What can discretionary funds be used to pay for

Discretionary funds are government spending by passing an appropriations bill to pay for a program such as military spending or education. The money is raised and can only be spent on the program in the bill.

Consumers can go to small-claims court when what happens

Other ways of resolving their complaint fail.

Why can consumers have influence over politicians

Politicians rely on the votes of consumers to keep them in office.

How has the Internet helped boycotters

It enables boycotters to organize and publicize their activities more easily.

How can the Better Business Bureau help consumers resolve their complaints

By providing mediation services

Which of these makes a student loan different from other types of loans

Students don't have to provide any collateral to get a student loan. On some student loans, payment may be deferred until the student is out of college.

The government sets a price floor in order to protect what

A vulnerable industry

Which of these is most likely to lead to a decrease in the price of a good

Demand decreases and supply remains the same would lead to a decrease in the price of a good.

A warranty protects consumers against what

Defective or damaged products--APEX

What is the purpose of production budget

purpose of production budget

Which is a procedure that quantifies the personal value of a purchase

the purchase price is calculated as a certain number of working hours.

What are two characteristics of each type of competition and give an example of an industry that fits each type

monopoly

What are concerns that socially responsible consumers have

Production costs.

What are the correct steps to show how a budget is made

a

b

d

c

What is the benefit of purchasing a product with a warranty-

The benefit is that in case the product does not work or breaks down, it can be replaced by the company.

What production practices promotes sustainable developement

The use of renewable resources

Match each term with its definition

Yes

What sacrifice are boycotters likely to make

going to jail

What time is Churchill most clearly using

I cannot answer this question.

Match each organization with its correct relationship to the government

A. Social security _ government agency

B. U.S. Postal Service _ government corporation

C. Boeing _ government contractor

Match each type of unfair business practice with its description (apex)

1.Vendor lock in: a company say a wide range of product can be used with its products but this is not true.

  1. Price fixing: a group of companies agree that all of them will charge the same price.

3.Predatory pricing: a large company charges a price below production cost in order to eliminate small competitors.

Which statement best describes the effect of word choice on the tone of the excerpt

words like β€œviolenceβ€œ and β€œbloodshed” give the excerpt a threatening tone

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