Economics Exam Review

In the past 50+ years, which country had the highest per capita growth rate?

The Great Depression started is characterized by which time period?

The more a good is a necessity the more ___________ a good is.

Which of the following is NOT one of our three economic systems?

A lack of a supply of goods and services is defined as which of the following?

Which of the following means to provide a framework with which to approach questioning?

Globalization ...

In a socialist economy who controls the economy? 

How many firms make up the market in a monopoly? 

People who are prohibited from practicing medicine without a license are effected by what force

market economy is to a democracy as socialist economy is to

If marginal revenue is greater than marginal cost one should do less

Optimal output is represented at which point?

The Law of Supply states that the quantity supplied increases as price increases

Which of the following is the type of business that raises funds through stocks and bonds?

Dead weight loss is represented by which design?