Cards in this guide (18)
Is there a law that prohibits volunteerism
What is the purpose for the Federal Government to apply tariffs on imported goods
Raise revenue and give American producers an advantage.
How can lowering taxes stimulate the economy
Businesses spend more and increase employment.
Why must firms make decisions about which goods they will produce
because firms have access to limited resources of land, labor,
and capital
Who are the people or businesses who create goods services or both for sale
What is a Delaware corporation
A Delaware corporation would be a corporation that is
incorporated in the state of Delaware.
When a firm makes a profit by producing enough goods to meet demand without having leftover supply at what point is it
When a firm makes a profit by producing enough goods to meet
demand without having leftover supply the point of profit is where
marginal revenue equals marginal cost.
Which of the following terms best describes the basic physical structures services and facilities needed for the country to operate
What is the purpose of antitrust laws and regulations
Ensure markets operate competitively.
What is the point at which producers and consumers agree on a price to sell and buy
Once an item is consumed when does its value begin to depreciate
Once a firm knows what it should produce what must it then decide
how it will produce the goods or services
A firm is producing a line of designer silk ties what is its target market
A firm is dependent on which of these to help it make decisions about production
Of the following, which shows the name of each position and its hierarchy within an organization
Which of these would not be considered intellectual capital
what is the ________ of the united states is the federal reserve.
Which of the following is another term for a market economy
A market economy, also widely known as a "free market economy," is one in which goods are bought and sold and prices are determined by the free market, with a minimum of external government control.
