Econ Final Review

How do government subsides influence supply in a market

The factors of production are: land, ___________ and capital

How does the Federal reserve use monetary policy to change interest rates

What is the best way to increase the standard of living in less developed countires?

What are fringe benefits?

Which of the following is a disadvantage of the sole proprietorship

Production is seen in the form of

Which is an example of a government monopoly?

Which job is considered to be "blue Collar" work?

Corporations pay out profits to its stock holders through

Which of the following is an example of a variable cost?

Who developed the invisible hand theory- that capitalismis a self regulating market

Which of the following are NOT part of NAFTA (North American Free Trade Agreement)

How is profit determined?

What is the Sherman Anti-Trust Law

How do people invest in corportations?

Which type of Economic system supports the idea of government control and regulation?

What does a tariff do in regards to international trade

What is opportunity cost

Which organization provides loans for countries?

 What is a commodity?

Which of the following are characteristics of pure competition

  Which type of Economic system requires a laissez fair, no government involvement approach?

What type of unemployment is it when someone is looking for a job?

Which of the following are examples of complementary goods

Which is an example of an inelastic demand?

Which of the following represents the Law of Demand

Which of the following represents the Law of Supply

Few sellers that dominate a market

Which of the following is considered a "white collar" job?