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L1 AER ECO 100 80-90 Flashcards | StudBud
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L1 AER ECO 100 80-90
Self-interest is most similar to
The French 'smic' is
L1 AER ECO 100 80-90
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1
The French 'smic' is
the official minimum working week
a lower salary
the statutory working week
the official minimum wage
2
Self-interest is most similar to
capitalism
satisfaction
greed
utility
3
Stabilize means
to lose something
to have an extra amount
to change something
to stop something from changing
4
Subprime borrowers are
low-income
people with a poor credit history
students
people with a good credit rating
5
SET A PRICE: what does it mean?
fix a price
pay the price
be reimbursed
change the price
6
What is scarcity?
Short supply
More than enough
The right amount
7
On the Stock Market...
Consumers buy products and services
Consumers sell products and services
Consumers invest in a share of a business
Consumers buy companies
8
Solvency is the ability of a business to:
Maximise profits
Meet its long term financial commitments
Meet its short term financial commitments
Increase market share
9
Demand is
another name for a service
the number of people who want or need something
a name of a coin used in the Caribbean
the amount of something that is available
10
What is a shareholder?
own a company on their own
co-own a company
people who have learned how to share
people who own small parts of a company
11
Scarcity is the difference between demand and supply
False
True
