Cards in this guide (20)
List 2 primary consumers that live in the Sahara desert
four primary consumers of the sahara desert
What determines the prices of goods and services in the product market
Supply and demand. Supply and demand determines the prices of
goods and services in the market.
Describe the difference between additional and standard precaution
describe the difference between additional and precaution?
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
What best describes the incentive for producers to conduct market research
The desire to know what consumers want.
Which of the following best explains how trade enables greater specialization among producers
trade allows people to focus on one kind of production and trade
for their other needs.
Match each type of corporation with a real-world example of that type of business
The pressure exerted by water moving during osmosis is called pressure
Consumers influence the decisions of producers in which of the following way
through the purchasing decisions they make
What are the values of indian culture
Indian culture has various values. They believe in respecting
elders.
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
Which of the following accurately describes the effect of a situation of scarcity
A general partnership differs from a sole proprietorship because a general partnership is a characteristic by which of the following
Requires collective decision-making
Match each type of policy with the example that best fits its definition. A. Protectionist policy The government goes into debt to buy a large number of vehicles for the military. B. Fiscal policy The
What period comes after a period of recovery in a business cycle
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 is an example of monetary policy
The government restricts the amount of money that banks can lend.
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.
