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☆☆☆☆☆Cards in this guide (17)
Which of these is an example of a fixed expense
Rent
food
car payment
electric bill
What is most similar to a generic good
A brand-name good
What kind of a credit card can customers with a bad credit history get
One that's secured by collateral
Which of these most accurately describes the costs and benefits of using a credit card
Credit cards are convenient but can result in debt.
Why does a credit card make it easy to go into debt
You can buy something before you have enough money to pay for it.
Which of these allows someone to buy a car that costs more than he or she can afford
CAR Loan
If your prediction is proven incorrect you should leave out all observations that don't support your prediction or simply change your prediction
both
Consumers use cost-benefit analysis in order to maximize what
Consumers use cost-benefit analysis in order to maximize utility.
What do producers pay attention to in order to know what people want to buy and how much they are willing to pay
Consumers' purchases
What do banks do with some of the profits they make by loaning out the money in their customers savings accounts
They invest the money in high interest money markets and various other accounts. They don't loan out their customer's savings accounts, they loan out the money they make off these accounts.
Why might a company respond to a letter writing campaign launched by a group of concerned consumers
The letters contain a veiled threat that economic pressure could follow
What government policies pursues the economic goal of freedom
Freedom is not a goal of economics, but there is economic freedom that allows all members,of a society to attain economic viability.
What describes the kinds of decisions that result from using cost-benefit analysis
An outcome with benefits that are greater than the costs.
What are the correct steps to show how a budget is made
a
b
d
c
What might result in the government passing a law preventing companies from engaging in unfair or offensive business practices
By lobbying.
How can consumers get the government to pass laws preventing companies from engaging in offensive behaviors
By lobbying
Match each of the terms below with an example that fits the term.
Idk
I dont know
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