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Economics

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Giles Wiegand

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Cards in this guide (18)
Who is a corporation owned by

A corporation is owned by its stockholders.

Which of the following is not an advantage of a corporation over a partnership

Corporations have an easier time raising money to start or expand a business.

A budget is used to do which of the following

Plan income and expenses.

Which of the following best describes the purpose of advertising

to transmit product messages to an audience

Advertising is the main source of revenue for which of the following industries

Media

What types of business is most likely to use the subscription business model

Newspapers.

Which group of players use the goods and services produced in the game of economics

Consumers.

In the game of economics workers are the players who function as both producers and

In the game of economics, workers are the players who function as both producers and _consumers_

Which of the following explains why companies spend money on advertising

Companies want to influence consumer behavior through advertising.

What generates revenue for Google

The sale of advertisements.

Consumers influence the decisions of producers in which of the following way

through the purchasing decisions they make

What do economists use to measure the personal satisfaction someone gets from consuming goods and services

Utility because it's a term in economics that refers to the total satisfaction received from consuming a good or service.

Which statements best explains why some people get life insurance and others don't

people are willing to face different kinds of risks.

Which of the following is an example of an action that is part of making a rational choice

Doing a cost-benefit analysis

Which of the following is a way that companies attempt to get consumers to buy their products instead of their products instead of their competitors products

Please rewrite. The question can not be answered. The list given you is not provided. We ave no idea of what "which of the following " is.

Which of the following accurately describes the effect of a situation of scarcity

Jjj

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

Requires collective decision-making

Which of the following is an example of expansionary fiscal policy

cutting taxes

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