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Jules Bahringer

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Term1/20
Which of the following actions best meets the goal of security
Definition1/20

Wearing a seatbelt while riding in a car.

Term1/20
The government does which of the following in a planned economy
Definition1/20

Runs the economic system

Term1/20
Which of the following does not need to be addressed when organizing an economy
Definition1/20

The rules of political institutions.

Term1/20
What happens in the case of a product that has elastic supply when the price decreases
Definition1/20

people die

Term1/20
Which of the following economic systems leaves production decisions competely up the producers
Definition1/20

free-market economy

Term1/20
What best describes what labor directly contributes to production
Definition1/20

human effort and ideas drive production

Term1/20
Which of the following terms best characterizes cost-benefit analysis
Definition1/20

Rational

Term1/20
Which of the following explains why scarcity is a basic fact of life
Definition1/20

demand will always be geather than supply

Term1/20
What is the income people receive for supplying factors of production such as land labor or capital called
Definition1/20

They are called factor payments.

Term1/20
In the study of economics which is the definition of a market
Definition1/20

an arrangement that allows buyers and sellers to exchange things

Term1/20
What else is necessary to protect against theft coercion and fraud
Definition1/20

Resources are necessary in order to protect against theft coercion and fraud in order for consumers and producers to have freedom of choice.
Resources

Term1/20
What results from the fact that free market system is based on the free choices of consumers and producers
Definition1/20

The free-market system has a circular flow of influence.

Term1/20
What is a garage worker called
Definition1/20

A worker.

Term1/20
Which point on the graph represents the equilibrium price
Definition1/20

Supply and demand graphs meet at the equilibrium price.

Term1/20
Which word best completes the following sentence a players role in his or her in the game
Definition1/20

Job.

Term1/20
What stage of the business cycle would be most appropriate to describe the years from 1929 to 1933
Definition1/20

The years from 1929 to 1933 are most appropriately described as an expansion

Term1/20
Which of the following statements accurately describes how cost and benefits care calculated
Definition1/20

Calculations of cost and benefit are based on personal preference

Term1/20
According to the circular flow model Which of the following is not provided by consumer
Definition1/20

Wages

Term1/20
Which group of people was most directly affected by the Nineteenth Amendment
Definition1/20

women

Term1/20
Which of the following markets is an example of monopolistic competition
Definition1/20

bookbags

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Cards in this guide (20)
Which of the following actions best meets the goal of security

Wearing a seatbelt while riding in a car.

The government does which of the following in a planned economy

Runs the economic system

Which of the following does not need to be addressed when organizing an economy

The rules of political institutions.

What happens in the case of a product that has elastic supply when the price decreases

people die

Which of the following economic systems leaves production decisions competely up the producers

free-market economy

What best describes what labor directly contributes to production

human effort and ideas drive production

Which of the following terms best characterizes cost-benefit analysis

Rational

Which of the following explains why scarcity is a basic fact of life

demand will always be geather than supply

What is the income people receive for supplying factors of production such as land labor or capital called

They are called factor payments.

In the study of economics which is the definition of a market

an arrangement that allows buyers and sellers to exchange things

What else is necessary to protect against theft coercion and fraud

Resources are necessary in order to protect against theft coercion and fraud in order for consumers and producers to have freedom of choice.
Resources

What results from the fact that free market system is based on the free choices of consumers and producers

The free-market system has a circular flow of influence.

What is a garage worker called

A worker.

Which point on the graph represents the equilibrium price

Supply and demand graphs meet at the equilibrium price.

Which word best completes the following sentence a players role in his or her in the game

Job.

What stage of the business cycle would be most appropriate to describe the years from 1929 to 1933

The years from 1929 to 1933 are most appropriately described as an expansion

Which of the following statements accurately describes how cost and benefits care calculated

Calculations of cost and benefit are based on personal preference

According to the circular flow model Which of the following is not provided by consumer

Wages

Which group of people was most directly affected by the Nineteenth Amendment

women

Which of the following markets is an example of monopolistic competition

bookbags

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