
Econ 9 week flashcard
Flashcard
•
Social Studies
•
12th Grade
•
Practice Problem
•
Hard
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49 questions
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1.
FLASHCARD QUESTION
Front
Which of these is the best description of a normal supply curve? Its slope is completely horizontal, Its slope goes up when the diagram is read from right to left, Its slope goes up when the diagram is read from left to right, Its slope is completely vertical
Back
Its slope goes up when the diagram is read from left to right
2.
FLASHCARD QUESTION
Front
Which would an economist consider a substitute for coffee? Tea, Water, Soda, Juice
Back
Tea
3.
FLASHCARD QUESTION
Front
Which would an economist consider a complement to coffee? Tea, Water, Donuts, Spaghetti
Back
Donuts
4.
FLASHCARD QUESTION
Front
When the price of something increases, the quantity demanded
Back
Decreases
5.
FLASHCARD QUESTION
Front
Which is most likely a complement to an iphone? Options: DVD's, speakers, apps, pencils
Back
apps
6.
FLASHCARD QUESTION
Front
Which of these BEST describes the influence of high prices on the behavior of consumers? They are an incentive for consumers to buy less, They encourage consumers to modify their supply schedules, They are an incentive for consumers to buy more, They have no effect on Consumers
Back
They are an incentive for consumers to buy less
7.
FLASHCARD QUESTION
Front
New technology can _______
Back
Both lower production costs and increase productivity
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