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ECONOMICS
what will happen to our price because of this population boom
QE
ECONOMICS
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1
QE
demand
quantity equilibrium
price equilibrium
supply
2
what will happen to our price because of this population boom
the price is a factor of perfect competition
the price ends up increasing because of the boom
our price will end up decreasing because of the boom
the price stays the same
3
what will happen to our demand with this population boom?
the question is not even about demand
the demand will decrease
nothing will happen to our demand
the demand will increase
4
which of the following is not one of the major edpenditures of the government
good and services
regulating what is being made
transfers to state and local government
social security and welfare programs
5
what was the reason for our quantity to increase
fuzzy socks being high demand
the price of the polyester falling
the fuzzy socks sold well
the price of the fuzzy socks
6
what will happen to our quantity with the price of polyester decreasing
the quantity will stay the same
the quantity will go up
nothing will happen at all
the quantity will go down
7
which of the following are considered a firm
a single college student living alone
amazon
a family of 9
the government
8
given the influx of people moving into the state of cali what is being affected supply or demand
supply
demand
both
neither
9
circular flow model shows the flow of the expeditures and incomes that are results of deicision makers choice
True
False
10
an oligopoly can be defined as
competition among lots of people
an oil company
competition among a few ferms
no competition at all
11
what is being affected here in terms of supply and demand
neither
both
demand
supply
12
what would cause the supply of a prodcut to go down
a population boom
study coming out saying a product causes cancer
government putting a tax on the product everytime it is produced
the country is the midst of a depression
13
what is a supply
the amount of stuff a company has
the amount of money a firm has
the number of products a firm is willing to sell
the exact number of product inside a companys storagr
14
a substitude good is a product that can be used in place of another like fanta and sunkist
False
True
15
households DONT pay firms for the goods and services they buy which creates revenue for the businesss
False
True
16
what will happen to our price due to this fall in price of polyester
it will increase
it will stay the same
it causes an effect on the quantity
it will decrease
17
what is the main reason for the slope of the demand curve?
because the products are effected by the overall marker
this shows that people are normally willing to buy less of prodcut at a hi
y=mx+b
product production goes down the more the price goes up
18
mr rossman and his family are living together they collect wages from the firms they work at and sped money on good and
a family
a market
firm
a household
19
since the price of polyester drops what is going to happen to our supply
it will decrease
it will increase
it will stay the same
it will be affecting the demand
20
what us sikd abd bought at a resource market?
factors of production
soups
only capital good
business necessities
21
the law of demand states that
quality of the products predicts the demand
price depends on the overall demand of the product
demand will always exist as long as there is a supply
quantity demanded and price move in opposite directions
22
which one of these is not a role of a household?
to collect wages from firms
make decisions as a unit
collect taxes
spend money in the product markets
23
PE
price equilibrium
demand
supply
quantity equilibrium
24
what is causing the reason for our demand to increase
the population boom in the state of cali
the beaches in california
influx of surfboards
the overall weather of the state of california
25
The demand schedule can be defined as...
the list the various quantities of a product or service that someone is wi
The governing body decides the overarching time and manner things must be s
The schedule or cycle of which things are bought most the time
The time people are allowed to buy things
26
which definition best describes a monopoly?
competition within a few firms
a company that owns more than 50% of a amrket and dictates prices
lots of competition within a specific industry
no firms just the workers having
27
D
demand
quantity equilibrium
supply
price equilibrium
28
How would you desrcibe the slope of the demand curve?
upward slope
flat slope
Downward slope
no slope
29
coahc haider wants to get into the pottery indutry he notice there is free entry and exit this industry what is this tel
semi-perfect competition
perfect competition
monopoly
imperfect competition
30
if coach haider is making friendship bracelets and the price of yarn goes up, does this effect his supply or demand ?
demand
supply
both
neither
31
what is called when money leaves the closed circular income stream
spillage
drip
injection
leakage
32
what happens to our quantity of surfboard ude to the population boom?
the quantity decreases
the quantity does change because it does not have to anything with the popu
the quantity increases
it stays the same
33
when there is money being put into the closed circular income stream it is called a/an
input
injection
increase
leakage
34
what would be our shifter in this formula
the quantity of socks
the fuzzy socks
the price of polyester falling by 1/4
the material of the socks
35
S
quantity equilibrium
supply
demand
price equilibrium
36
how does the governmetn finance all of its espenditures
the government has an unlimited source of money
collecting income from the firms
they have loans they have taken from the banks
collecting taxes
37
On the demand schedule, when we plot the points on a graph and connect the different price points it is called a....
demand index
demand curve
demand spectrum
demand linear equation
38
if our supply or demand curves increase on our graph which way is either line moving
right
down
left
up
39
Which of the following are NOT reasons the demand for a product would go down?
An item being on sale
A new study comes out saying a product causes cancer
A decline in the population
A company is getting taxed every time they make a certain product
40
international trade refers to buying (importing) and selling (exporting) with others countries and economies
True
False
41
if mr rossman has a business selling frozen waffles and the price of syrup goes down what happens to the demand?
the demand goes down since it is cheaper to get the syrup but not waffles
it will stay the same because it has no effect on the demand
the demand would go up because more ppl would buy his frozen waffles
the supply would go up since no one is buying it
42
supply and demand are not connected in any way what so ever
False
True
43
which market is where you can buy and sell goods?
stock market
resrouce market
farmers market
product market
