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☆☆☆☆☆Cards in this guide (8)
In economics all goods and services available to consumers are provided by which of the following
Producers
What are market structures that are characterized by at least some competition between producers
A. Pure competition D. Monopolistic competition E. Oligopoly
What do producers look to increase when making technological improvements in the game of economics
Productivity
productivity
In a free market system the profit motive motivates producers to do which of the following
minimize costs and maximize revenues
What describes the purpose of using cost-benefit analysis
to make decisions that maximize benefits
The purpose of using cost-benefit analysis is to determine the options that provide the best approach for the practice and adoption in terms of cost savings, time and labor. The cost benefit analysis is also called a benefit cost analysis.
To make decisions that maximize benefits
What best explains the purpose of worker slowdown
Do demonstrate the importance of worker-employee corporation
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
Which of the following is measured by utility
The Satisfaction a person gets from consumption
this is for apex economics
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