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Economics

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Marvin Schuster

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Cards in this guide (18)
If average total cost is greater than marginal cost average total cost must be increasing is the true or false

true

The economy of the US is best described as

The United States economy is still best described as a mixed economy. It is considered thus because it involves the public, private, and international sector.

How did cost-benefit analysis help traders make decisions about business

Cost-benefit analysis helped traders make decisions about business by letting them decide if things were at too high of a cost to trade. Cost-benefit analysis helped traders make decisions about business by letting them decide if things were at too high of a cost to trade. Cost-benefit analysis helped traders make decisions about business by letting them decide if things were at too high of a cost to trade. Cost-benefit analysis helped traders make decisions about business by letting them decide if things were at too high of a cost to trade.

What is the opportunity cost of buying a new car

Anything that is not the car can be an oppertunity cost. for an instants an ipod or a house can be the oppertunity cost. the definiton of oppertunity cost is the value of the next best akternative given up when a choice a made.

What statement best describes the New Real Estate Industry

Flat.

What would be the opportunity cost of a new 500 federal stimulus plan

the opportunity cost would that it will put the government in big defected in order to provide temporarat relief to business and institutions and envirment so on.

When will a cost benefit analysis be done

when will a cost benefit analysis be done

What institution is responsible for conducting monetary policy

federal reserve system

What is the meaning of opportunity lost

In the economical term opportunity cost means the best next alternative forgone

societies make decisions about how to produce certain goods by

considering whether companies or the government should make the goods.

which statement best describes the economic concept of scarcity

People have unlimited wants and limited resources to fulfill them.

which person is an example of an entrepreneur

An inventor who creates a new computer company

Which situation would reduce the scarcity of a product

A foreign country begins exporting the product in high volume.

which option is an example of capital as a factor of production

An industrial assembly line

Which description is the best example of human capital

A doctor with expertise in medicine

Which situation best describes an opportunity cost

A store that buys a shipment of computers can't afford to buy any new phones

Governments and businesses use incentives to

convince people to make certain economic decisions.

Which statement describes a recession

overall, people and business consume

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