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☆☆☆☆☆Cards in this guide (15)
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 leads to the end of a boom period in the business cycle
An reduction in consumer demand resulting from a reduction in prices.
What best explains why a large company can undersell small retailers
Large companies can negotiate better prices with wholesalers.
What occurs when someone buys a third winter coat
Decreasing marginal utility
Which of the following is one result of the international trade
creats new market -apex :)
Best explains the purpose of protectionist trade policies such as tariffs and subsidies
nnnnnnnn
Which of the following accurately describes the effect of a situation of scarcity
Jjj
Match each type of area with the correct level of housing prices
urban- high housing prices
suburban- medium housing prices
exurban- low housing prices
Which of the following best explains why large companies have an advantage over smallercompanies
Economics of scale make it possible to offer lower prices
Ask us of the following best explains why online retail companies have an advantage over regular stores
They have a larger number of potential customers because people anywhere can buy from them.
What Best explains the effect of immigration in the labor market
Immigration increases the supply of labor
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 happens when unemployment increases during a recession
There´s a depression
Which of the following is an example of expansionary fiscal policy
cutting taxes
Which of the following is an example of monetary policy
The government restricts the amount of money that banks can lend.
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