Cards in this guide (25)
What do capital controls prevent
Speculators from rushing into and out of a country's market and disrupting its economy./
Which of the following has led to greater competition among workers looking for jobs
Because labor is a commodity wages are affected by what
SUPPLY AND DEMAND for particular skills or work quality, among
other factors.
Which of the following is one of the major factors determining the level of wages
The Law of Supply and Demand.
Which of the following is a trait of public goods
An increase in the standard of living results from an increase in what
an increase in standard of living comes from increase in income. An increase in national income will increase the standard of living of the people of that nation.
Income
Which of the following is one disadvantage for a company that goes public
The pressure to make profits is increased.
Which of the following factors would be most likely to lead to an successful IPO
A company offering an IPO during a bull market is likely to lead
to a successful IPO.
Monetary policy in the US is carried out primarily by what agencies
What best states the purpose of an import quota
To reduce competition from foreign producers.
Which of the following explains why government sets a required reserve ratio for private banks
To make sure banks don't run out of money when customers make
withdrawals
How were slaves affected by the new republic
Some northern states made slavery against the law.
Best explains the purpose of protectionist trade policies such as tariffs and subsidies
What is the following situations would the price of a good be most likely to decrease Apex
The development of a new energy source reduces production costs for a company.
Because immigration can result in an increase in the supply of labor what can immigration result to
A general decrease in wages. - Apex
Which of the following is shown by the intersection of the supply curve and the demand curve
the equilibrium price of a good or service
Which of the following accurately describes the effect of a situation of scarcity
Which of the following best explains why large companies have an advantage over smallercompanies
Economics of scale make it possible to offer lower prices
Government agencies are which of the following
part of the public sector
Ask us of the following most accurately explains why fiat money differs from commodity money
Fiat money has value bc the gov. declares that it has value.
What if the following describes a situation in which there would be a decreasing marginal utility
Buying a second winter coat.
What of the following best explains why treasury bonds have an effect on the size of the money supply
The Federal Reserve Bank can buy and sell these bonds to raise or lower bank deposits. APEX
What is an example of a labor law in economics
A restriction on when a union may call a strike
Which of the following is an example of expansionary fiscal policy
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
