Cards in this guide (15)
What best explains the purpose of a strike
To get employers to submit to collective bargaining.
Which is an example of a government policy that protects domestic producers against international competition
What best states the main difference between a monopoly and pure competition
A monopoly involves no competition at all while pure competition
involves a high level of competition.
What have labor unions used to win passage of favorable laws such as shorter work weeks and the minimum wage
Because labor is a commodity wages are affected by what
SUPPLY AND DEMAND for particular skills or work quality, among
other factors.
What best explains why a large company can undersell small retailers
Large companies can negotiate better prices with
wholesalers.
Which of the following best explains why different people have different levels of risk aversionWhich of the following best explains why different people have different levels of risk aversion
Some people are willing to take more chances than others.
Which of the following best explains the purpose of a supply curve
to graph the realationship between quanity supplied and price
charged (apex)
Which of the followiong best explains how trade enhances efficiency
Trade gets productive resources from one place to another where
they're more needed.
What Of The Following is an essential part of making a rational choice
doing cost benefit analysis
Match each term below with correct definition
The answer is
Ubiquitous:being everywhere
Succinct:to the point
Querulous:complaining a lot
What Match the role with what each player in that role does.
Producer provides goods , worker makes goods consumer uses goods
What if the following describes a situation in which there would be a decreasing marginal utility
Buying a second winter coat.
When immigration adds to the size of the domestic labor pool which of following is likely to occur
Wages are likely to decrease.
Which of the following is an example of monetary policy
The government restricts the amount of money that banks can lend.
