Walker MU-1

Walker MU-1

Assessment

Flashcard

Other

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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33 questions

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1.

FLASHCARD QUESTION

Front

What is an external factor that affects business cycle? Money Supply, Climatic Changes, Aggregate Demand, Inventory Levels

Back

Climatic Changes

2.

FLASHCARD QUESTION

Front

What motivates a business owner to improve efficiency?

Back

Profits

3.

FLASHCARD QUESTION

Front

What is determined by counting the number of completed packages at a gift wrapping booth?

Back

Output

4.

FLASHCARD QUESTION

Front

Marketing functions involve interrelated activities to get goods and services from producers to:

Back

Consumers

5.

FLASHCARD QUESTION

Front

What increases gross domestic product? Options: Decreasing exports, Improving the use of resources, Reducing productivity, Purchasing fewer capital goods

Back

Improving the use of resources

6.

FLASHCARD QUESTION

Front

The point at which producers begin to make a profit on a product is known as: Total revenue - marginal cost = producer surplus

Back

Surplus

7.

FLASHCARD QUESTION

Front

As the price of an item increases demand will:

Back

Decrease

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