Econ Final Review

Which of the following represents the Law of Supply

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

Few sellers that dominate a market

Which is an example of an inelastic demand?

Production is seen in the form of

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

Corporations pay out profits to its stock holders through

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

Which organization provides loans for countries?

How is profit determined?

 What is a commodity?

How do people invest in corportations?

What are fringe benefits?

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

Which of the following are characteristics of pure competition

Which of the following represents the Law of Demand

What does a tariff do in regards to international trade

Which is an example of a government monopoly?

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

What is opportunity cost

What is the Sherman Anti-Trust Law

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

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

How do government subsides influence supply in a market

The factors of production are: land, ___________ and capital

Which of the following is a disadvantage of the sole proprietorship

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

Which of the following are examples of complementary goods

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

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