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Economics

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Loyal Mayert

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Cards in this guide (9)
Why must public goods be provided by the government instead of the free market

Public goods are non-excludable, so they suffer from a free-rider problem.

What do capital controls prevent

Speculators from rushing into and out of a country's market and disrupting its economy./

Segregation was a limitation on what

Civil Rights, those rights that most take for granted. Segregation affected all aspects of life for those segregated; Politics, Social, Educational, Judicial, etc.

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

What is rural-commodity market

Farmer's market where fresh products are sold hearby.

Which of these is not an example of a trade restriction A Tariffs B Quotas C Rationing D Subsidies

Rationing is not an example of a trade restriction.

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.

What are the following actions is most likely to result in an increase in the money supply (Apex

The friend buys millions of dollars in Treasury bonds

What is an example of a labor law in economics

A restriction on when a union may call a strike

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