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Economics

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Rahul Ledner

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Cards in this guide (17)
Because the choices of consumers influence producers and the choices of producers also influence consumers the free-market system has which of the following

A circular flow of influences

What best describes the incentive for producers to conduct market research

The desire to know what consumers want.

Which of the following are useful for conducting market research

Focus groups Focus groups

Which of the following best explains why the circular flow model characterizes the free-market system

Consumers and producers influence each other in a circular fashion.

Which of the following is a reason why peer pressure influences consumers

People often compare themselves to others.

In economics workers are both producers and which of the following

Consumers

Advertising is the main source of revenue for which of the following industries

Media

In the game of economics every person alive plays the role of which

consumer

In the game of economics workers play a double role functioning as both consumers and

In the game of economics, workers play a double role, functioning as both consumers and producers
Consumers and producers

In economics All goods and services that exist must be made by

workers

Consumers influence the decisions of producers in which of the following way

through the purchasing decisions they make

What do economists use to measure the personal satisfaction someone gets from consuming goods and services

Utility because it's a term in economics that refers to the total satisfaction received from consuming a good or service.

Which of the following is another term for a planned economy

socialist system

How does the internet enable people to make economic decisions better

Information is critical for making good decisions

In economics businesses do all except which of the following

guide the economy

Which of the following would result in an increase in GDP apex

Greater levels of iinvestment

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

women

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