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☆☆☆☆☆Cards in this guide (6)
What accurately describes a surplus
An example: Consumer demand for a certain car is below the number of cars that are produced. There is an unsold surplus of the vehicles.
What best explains what happens when unemployment increases during a recession
The recession worsens into a depression.
Which of the following situations would the price of a good be most likely to increase
An increase in production costs results from a rise in wages.
Consumers are most likely to be priced out of the option to buy a home when there's an increase in what
Mortgage interest rates
Mortgage interest rates.
Which of the followiong best explains how trade enhances efficiency
Trade gets productive resources from one place to another where they're more needed.
Which of the following is shown by the intersection of the supply curve and the demand curve
the equilibrium price of a good or service
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