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Economics

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Melyssa Goodwin

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Term1/19
Which axis of a graph will always run vertically from the bottom to the top of the page
Definition1/19

The y axis always runs vertically.

Term1/19
Under this economic theory the government does not get involved in the economy
Definition1/19

Laissez-Faire

Term1/19
In economic terms what does market mean
Definition1/19

the coming together of a buyer and seller

Term1/19
In this department the Bureau of Economics provides an analysis of the nations economy including the GNP
Definition1/19

commerce

Term1/19
What type of tax is placed on the value of inherited property
Definition1/19

inheritance

Term1/19
What is the simplest way to create capital
Definition1/19

the public and private sectors save more
erm.. if you mean to create capital letters on a keyboard, the simplest way (that i think) it to press shift. shift is the one with a pointing up arrow? :S :S :S

Term1/19
What is the subject on which a tax is levied
Definition1/19

tax base

Term1/19
This form of business organization is used by some professional workers like doctors and lawyers
Definition1/19

Partnership

Term1/19
What type of tax is imposed on all real and personal property of a deceased person
Definition1/19

estate (A+)

Term1/19
In which direction does the supply curve slope from the left to the right
Definition1/19

upward

Term1/19
A certain producer's business is to collect sterilize add seltzer and re-bottle water After doing this how can the water be classified
Definition1/19

economic goods

Term1/19
On a graph what are the labels for the axes and the name called
Definition1/19

titles

Term1/19
The interaction of the producer and the consumer establishes a price
Definition1/19

True.

Term1/19
Only one person is liable if the business fails
Definition1/19

proprietorship

Term1/19
If supply exceeds demand for a product what economic explanation occurs
Definition1/19

prices decrease

Term1/19
Supply creates a demand
Definition1/19

False(Kaylop)

Term1/19
A certain producers business is to collect sterilize add seltzer and redbottle water after doing this how can the water be classified
Definition1/19

economic question

Term1/19
Is an organization that produces and distributes a good or service for profit called a business yes or no
Definition1/19

Yes

Term1/19
Consumers create construct or offer goods and servies for sale to a consumer
Definition1/19

false

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Cards in this guide (19)
Which axis of a graph will always run vertically from the bottom to the top of the page

The y axis always runs vertically.

Under this economic theory the government does not get involved in the economy

Laissez-Faire

In economic terms what does market mean

the coming together of a buyer and seller

In this department the Bureau of Economics provides an analysis of the nations economy including the GNP

commerce

What type of tax is placed on the value of inherited property

inheritance

What is the simplest way to create capital

the public and private sectors save more
erm.. if you mean to create capital letters on a keyboard, the simplest way (that i think) it to press shift. shift is the one with a pointing up arrow? :S :S :S

What is the subject on which a tax is levied

tax base

This form of business organization is used by some professional workers like doctors and lawyers

Partnership

What type of tax is imposed on all real and personal property of a deceased person

estate (A+)

In which direction does the supply curve slope from the left to the right

upward

A certain producer's business is to collect sterilize add seltzer and re-bottle water After doing this how can the water be classified

economic goods

On a graph what are the labels for the axes and the name called

titles

The interaction of the producer and the consumer establishes a price

True.

Only one person is liable if the business fails

proprietorship

If supply exceeds demand for a product what economic explanation occurs

prices decrease

Supply creates a demand

False(Kaylop)

A certain producers business is to collect sterilize add seltzer and redbottle water after doing this how can the water be classified

economic question

Is an organization that produces and distributes a good or service for profit called a business yes or no

Yes

Consumers create construct or offer goods and servies for sale to a consumer

false

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