Cards in this guide (22)
What is demand-pull inflation
when prices of goods increase due to demand is called demand
pull inflation
Which of the following leads to the end of a boom period in the business cycle
An reduction in consumer demand resulting from a reduction in
prices.
What best explains why a large company can undersell small retailers
Large companies can negotiate better prices with
wholesalers.
Which of the following can employers use to prevent an industrial action by a union from affecting production
Which of the following is one effect that globalization has had on the labor market in the United States
Competition for jobs is greater.
What occurs when someone buys a third winter coat
Decreasing marginal utility
The government goes into debt to buy a large number of vehicles for the military
The government limits the number of foreign cars that can be sold in the US
When either prices go down what is there an increase in
What would most likely lead to a general decrease in wages
immigration
Immigration would most likely lead to a general decrease in wages. Immigrants are generally willing to work for less money than people already established in that country.
immigration
What is an example of the use of fiscal policy by the US government
The Department of Transportation increases spending on highway
repairs.
What best states the purpose of an import quota
To reduce competition from foreign producers.
What accurately describes a situation in which consumers have inelastic demand
People cannot quit drinking coffee even though they want to cut
down on caffeine intake.
Which of the following is one result of the international trade
creats new market -apex :)
What results from outsourcing jobs from the United states to other countries
lower wages for the U.S. workers
What leads to an increase in bargaining power from workers
The existence of unions. - Apex
What are needed to determine the equilibrium price of a good or service
Consumers have inelastic demand
Which of the following is most likely to create new markets
Which of the following best explains why large companies have an advantage over smallercompanies
Economics of scale make it possible to offer lower prices
What Best explains the effect of immigration in the labor market
Immigration increases the supply of labor
What of the following is a problem for the production of public goods
ig it's my turn to chip in
the possiblity of free riders- APEXXX
Which of the following is an example of expansionary fiscal policy
