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☆☆☆☆☆Cards in this guide (10)
The gross domestic product goes up when there is what
More investment in businesses
What is one of the main factors driving prices for goods and services upward
Production costs increase so that producers need to charge more to make a profit.
In a free-market system producers are motivated to reduce costs and increase revenues because of what
The profit motive.
In the game of economics workers are the players who function as both producers and
In the game of economics, workers are the players who function as both producers and _consumers_
In a free market system the profit motive motivates producers to do which of the following
minimize costs and maximize revenues
Which of the following is uded by economists to measure the satisfaction a person gets from the use or consumption of goods and services
The concept of utility.
Match the type of market structure with each example
A. Pure competition Computer operating systems B.Near monopoly Fast food restaurants C. Monopolistic competition Online auctioning D. Oligopoly Car makers
Is a technique advertisers employ to increase consumer demand for their goods and services
turning luxuries into necessities
Which most strongly drives producers in a free market economy
Coercion
Which of the following is measured by utility
The Satisfaction a person gets from consumption
this is for apex economics
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