The designation of a country with which beneficial trade status
(lower tariffs, limited restrictions) has been declared. The status
Permanent Normal Trade Relations (PNTR) was created in 1998 to
replace the former title of Most Favored nation (MFN).
🔄 Click to see term
Term1/11
What best explains what happens to the exchange rate of a floating currency
🔄 Click to see definition
Definition1/11
The exchange rate for that currency changes depending on the
operations of the free market
🔄 Click to see term
Term1/11
What is a direct benefit of the use of assembly lines in production
🔄 Click to see definition
Definition1/11
Wasted motion is eliminated
🔄 Click to see term
Term1/11
In what would the price of a good be most likely to increase
🔄 Click to see definition
Definition1/11
People would consume less of the good and look for
substitutes
🔄 Click to see term
Term1/11
What describes the difference between individual and public goods
🔄 Click to see definition
Definition1/11
People cannot be excluded from using goods while they can be
excluded from using individual goods.
🔄 Click to see term
Term1/11
When the benefit of one particular use of a resource is greater then the opportunity cost than that resource is which of the following
🔄 Click to see definition
Definition1/11
being used efficiently <3
🔄 Click to see term
Term1/11
What best explains what a forward contract is
🔄 Click to see definition
Definition1/11
A contract to deliver a particular commodity to a buyer sometime
in the future.
🔄 Click to see term
Term1/11
What most accurately describes one of the powers of stockholders
🔄 Click to see definition
Definition1/11
Stockholders can sell their shares in the company at any
time.
🔄 Click to see term
Term1/11
What are the characteristics of a business partnership
🔄 Click to see definition
Definition1/11
If the partnership is a general partnership, all partners assume
unlimited liability. However, if the partnership is a limited
partnership, one or more of the partners assumes unlimited
liability
🔄 Click to see term
Term1/11
When people buy less of a certain good as their income increases this good is considered .
🔄 Click to see definition
Definition1/11
inferior
🔄 Click to see term
Term1/11
Which of the following Represents The Most Direct Power That Stockholder's Have Over The Operations Of A Company
🔄 Click to see definition
Definition1/11
Stockholders can vote for the members of the board of
directors
🔄 Click to see term
🥳
Great job!
You studied all the cards in this guide.
Rate this guide:
☆★☆★☆★☆★☆★
Start overPrint
Full screen
Rate this Study Guide:
☆★☆★☆★☆★☆★
Cards in this guide (11)
What are Normal Trade Relations
The designation of a country with which beneficial trade status
(lower tariffs, limited restrictions) has been declared. The status
Permanent Normal Trade Relations (PNTR) was created in 1998 to
replace the former title of Most Favored nation (MFN).
What best explains what happens to the exchange rate of a floating currency
The exchange rate for that currency changes depending on the
operations of the free market
What is a direct benefit of the use of assembly lines in production
Wasted motion is eliminated
In what would the price of a good be most likely to increase
People would consume less of the good and look for
substitutes
What describes the difference between individual and public goods
People cannot be excluded from using goods while they can be
excluded from using individual goods.
When the benefit of one particular use of a resource is greater then the opportunity cost than that resource is which of the following
being used efficiently <3
What best explains what a forward contract is
A contract to deliver a particular commodity to a buyer sometime
in the future.
What most accurately describes one of the powers of stockholders
Stockholders can sell their shares in the company at any
time.
What are the characteristics of a business partnership
If the partnership is a general partnership, all partners assume
unlimited liability. However, if the partnership is a limited
partnership, one or more of the partners assumes unlimited
liability
When people buy less of a certain good as their income increases this good is considered .
inferior
Which of the following Represents The Most Direct Power That Stockholder's Have Over The Operations Of A Company
Stockholders can vote for the members of the board of
directors