Eco end of course review 2

To determine _ answer 3? Can the purchase be delayed, Are subs available, how much income?

In the US, which type of business organization accounts for the greatest share of revenues?

According to the law of demand, when the price of an item goes up, the quantity demanded

According to some economists, stagflation is caused by

The economist most closely associate with monetarism is

The blue chip stock of the largest companies are listed on the

According to the law of supply, higher prices prompt producers to

Shares of ownership in a corp. that gives stockholders voting rights & a portion of its profits

A temporary partnership set up for a specific purpose, set up for a short period of time is a

High unemployment is usually a sign that

Evaluating the cost of an action when compared to its benefits is known as

One of the advantages of purchasing a franchise is the franchiser often provides

_ liability means the owner of the business bears complete legal responsibility for all choices

1 example of intellectual property that has been difficult to protect is

If the price of a product is above its equilibrium price, the result is

The portion of a corporation profit paid to it's stockholders is called a

The advantage of being a corporation is limited

The material well being of an individual, group or nation is called their

During the 1930's ( the great Depression) consumer demand

Owner of a business is called

The principle of taxation in which those with higher incomes pay more taxes

A tax that takes a larger % the more you make is called

Type of business organization owned by many people, but treated by law as though it is a person

One way the gov can use fiscal policy to combat unemployment

The board of directors of a corp. are responsible for