Economics final practice

Front

What market structure provides the lowest prices for consumers? Options: Oligopoly, Monopoly, Monopolistic competition, Perfect competition

Back

Perfect competition

Front

An excellent credit rating means you pay your bills early

Back

True

Front

The banning of trade with a country that uses child labor

Back

human rights

Front

Limiting the amount of a good in a country

Back

quota

Front

Within the market system prices are determined by ___

Back

buyers and sellers Supply and demand

Front

which is not in the GDP: Business investment, Consumer spending on shoe, Consumer sending on stocks and bonds

Back

Consumer sending on stocks and bonds

Front

What describes income?

Back

money for completing a job

Front

Savings and checking accounts at a credit union are called ____?

Back

Shared accounts

Front

As a consequence of scarcity ___?

Back

Producing more of one good means less of another

Front

If a factory bottles apple and cranberry juice, if they bottle more apple juice what is the trade off?

Back

It must bottle less cranberry juice.