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Economics

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Agnes Considine

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Cards in this guide (19)
What percentage of people use the internet

88% Of people use the internet.

A sentence for inflammatory

The candidate made an inflammatory speech that incensed all those who heard it.

Which of the following best explains the profit motive

Minimize costs and maximize revenue.APEXX

the desire to make money through the production of goods and services

The desire to make money through the production of goods and services

a. The incentive to buy at a low price in order to be able to sell at a higher price.

b. The desire to make money through the production of goods and services.

c. The decision to allow market forces to decide on the price of goods and services.

d. The motivation to work hard at a job in order to buy more goods and services.

B.

Technological advancement can come from improved devices or new

Technological advancement can come from improved devices or new METHOD

Which of the following economic indicators measures inactivity rather than activity

Unemployment rate

Which of the following is happening when the GDP is neither rising nor falling

Stagnation

The Gross Domestic Product goes down when which of the following occurs

Imports increase faster than exports.

The cargo container improved distribution by introducing what methods into the shipping industry

Standardization

What is the most direct benefit businesses enjoy as a result of online sales

Online businesses don't need to have as many employees.
It is easier to compare prices

What is the most direct benefit of greater productivity

Goods and services are produced faster, which should reduce costs and improve company profits. Additionally, consumers should benefit from lower prices and increased availability.

Which of the following shows that an economy is growing

The GDP is getting bigger

Must What must an activity have in order to be considered a game

A set of rules

One or more players

Which of the following was not a result of the use of the assembly line

more security(:

Would farm income stagnates result in a reduction of GDP

YES

How will improvements in technology effect economics in the future

Well we make better infrastructure and better buildings.

Which of the following lists some of the non monetary factors that are taken into account when the doing cost benefit analysis

time and effort

When technology advances which of the following will always take place

gggg

How does the internet enable people to make economic decisions better

Information is critical for making good decisions

Utility is the concept that economists use to measure the a person gets from the use or consumption of goods and services.

satisfaction

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