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Economics

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Darwin Hudson

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Cards in this guide (18)
Macroeconomics can best be described as the

Study of an economy as a whole.

When you hire relative with no experience-Nepotism

not exactly. if you hire your relatives when there are more experienced candidates that is nepotism.

Which of the following would not increase GDP

More imports
Imports. Apex 8)
imports. Apex 8)
Greater levels of investment.

Economics is about allocating resources to produce and distribute which of the following

Goods and services

What was the goal of nativists

To stop immigration =APEX

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 terms best characterizes cost-benefit analysis

Rational

What concept do economists use to measure the satisfaction a person gets from the use or consumption of goods and services

The concept of utility is a measure of consumer satisfaction.

Which of the following best explains why the game of economics does not have a signal goal

Evaluation

How were slaves affected by the new republic

Some northern states made slavery against the law.

Which of these results of the Columbian Exchange was negative for Native Americans

Native Americans received disease. Although they lost much, the introduction of disease especially STD's.

What was one argument against immigration

Immigrants used public services but didn't pay taxes.

What did the Eighteenth and nineteenth century Romantics called the Dismal Science

Economics was called the dismal science.

How are tenements described

Tenements can be described as poor people.

Election fraud involves what activities

Intentionally voting more than once.

Which of he following is an advantage of a partnership

Specialization. A+

Which of the following is another term for a planned economy

socialist system

Which of the following are not features of all games

-Winners

-Positions

-Teams

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