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Economics

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Hilbert Boehm

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Cards in this guide (10)
Put the phases of the business cycle in the correct order in which they follow a boom

depression

recovery

boom

recession

Final phase

How does use of cargo containers benefit the economy

The use of cargo containers benefit the economy by keeping distribution costs low.

Economics is about the production of goods and services which requires the allocation of what

Resources

Which of these is most likely to lead to a decrease in the price of a good

Demand decreases and supply remains the same would lead to a decrease in the price of a good.

Apexvs answers for us and global economics

online

A group of companies agrees to charge the same inflated price for a good

price fixing

What is the formula to get the MR in economics

Marginal Revenue (MR) = Change in Total Revenue / Change in Q

Which of these conditions must have existed during the second four-year period

Deflation

Which of the ranges below correspond to a recession

the correct answer for apex is 1937-1939.

If there is an increase in the money supply that causes money to lose its purchasing power and leads to inflation what happens to prices

they rise

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