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Economics

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Edgar Graham

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Cards in this guide (20)
What is demand-pull inflation

when prices of goods increase due to demand is called demand pull inflation

Economics is about allocating resources for doing which of the following processes involving goods and services

Production and distribution

A capitalist country has which of the following economic systems

Free-market

Which of the following commodities has the most inelastic supply

Housing

of course

Which of the following best explains the main purpose of short term planning

To meet fixed expenses and allow for discretionary spending.

What describes the demographics of Europe

Low birthrate and positive migration

The purpose of advertising is to

increase consumers demands

From the point of view of producers workers are both a resource and what

A commodity

What is the influence of branding on price sensitivity

The main purpose of branding products is to create relatively inelastic demand for the product

What are the characteristics of a business partnership

If the partnership is a general partnership, all partners assume unlimited liability. However, if the partnership is a limited partnership, one or more of the partners assumes unlimited liability

What in the world is hsbc business internet banking

HSBC Internet Banking is a service provide online for consumers who want to experience their banking experience entirely online. They provide services similar to other banks such as checking accounts and money transfers.

Which is the following limits the freedom of both employers and workers in the labor market

The existence of a minimum wage.

What cost benefit analysis is a process that involves

Maximizing benefits and minimizing costs

Is interest earned calculated by multiplying the principle times the opportunity cost

No.

The need to get goods from producers to consumers raises what basic questions

How are goods and services distributed

Which the following statements indicates why Google has been successful at branding

search and internet

Which of the following is an example of a production decision ...

Science can be used to predict the effects of the dam on wildlife.

A general partnership differs from a sole proprietorship because a general partnership is a characteristic by which of the following

Requires collective decision-making

What if the following describes a situation in which there would be a decreasing marginal utility

Buying a second winter coat.

Which of the following best explains why companies like Amazon and Wal-Mart can sell things more cheaply than others who sell the same products

They can buy wholesale goods cheaply because they have so many customers.

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