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Economics

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Adah Johnson

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Cards in this guide (18)
Explain how the production of services differs from the production of manufacturing goods give two example

In the game of economics, which of the following players use goods and services?

Which of the following is another term for a free-market system

Capitalism
capitalism
Another name for free market system would be called second market. This is a non- profit market.

Because the choices of consumers influence producers and the choices of producers also influence consumers the free-market system has which of the following

A circular flow of influences

Technological advancement can come from improved devices or new

Technological advancement can come from improved devices or new METHOD

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

Stagnation

Which of the following are useful for conducting market research

Focus groups Focus groups

What is the purpose of economic indicators

To judge the overall condition of a particular country's economy.

In the game of economics workers play a double role functioning as both consumers and

In the game of economics, workers play a double role, functioning as both consumers and producers
Consumers and producers

In economics All goods and services that exist must be made by

workers

Which of the following pairs of words best describes using cost benefit analysis maximizing and minimizing

Rational and subjective

What best explains how free choice is protected in a free market system

The governmentmakes & enforces whatever laws are needed to garuntee free choice.

What is one way technology can improve productivity

It can determine deceases faster and earlier

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

Which of the following is true of decisions made using cost-benefit analsis

the best decision results in the most benefits with the fewest costs

When technology advances which of the following will always take place

gggg

In economics businesses do all except which of the following

guide the economy

Which of the following would result in an increase in GDP apex

Greater levels of iinvestment

Which group of people was most directly affected by the Nineteenth Amendment

women

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