reg eco review

due to _________ consumers buy less of a product at the same price

Which of the following are the sectors that compose the macroeconomy?

the law of supply states that price and quantity offered for sale vary

Which of the following causes economic growth?

When did the Federal Government begin intervening in the economy?

what type of economic system does cuba and north korea have?

which economic system does the government make all economic decisions

the people own all resources

as a result of easy money policy interest rates will

where does a recession or unemployment occur

price and quantity demanded vary inversely

If the price of a product increases, demand for its substitute will

Where resources are bought and sold

which of the following is not a responsibility of the Federal Reserve

most common form of business organization

our individual income tax is an example of a _______ tax

Protectionists want

Which of the following is the primary source of state tax revenue

_______ labor and management must abide by the decision, ________ they dont

governments role in a command economy is to

owned by stock holders

What a country produces most efficiently and at the lowest opportunity cost

a producers willingness and ability to offer a product for sale is

which of the following is not a primary source of revenue for the federal government

substitutes are products that are

if a product has _____ demand, then any change in price causes less change in quantity demanded

when it is best and most efficient to have one producer

Increase in demand shifts___, decrease in demand shifts_____, increase in supply shifts____

the demand curves slopes ____, increases shift _____

during which phase of the business cycle does economic growth occur

Which of the following not a tool of the government for fiscal policy?

If the FED wanted to conduct tight money policy, it could

what business organization generates the most business revenue

Which of the following is not a trade barrier

Resources flow from _____ to ____

If the price of a product increased, then demand for its complement

How do measure stock performance

what type of economics system does the United States have?

government owns some to most resources

which of the following is not part of the M1 portion of money?

If interest rates increase

The governments role in a mixed economy is to

if the price of a product increases, but income stays the same, the consumer will buy ___,

the law of demand states that price and quantity demanded vary

first step of the negotiations process where contracts are renegotiated

when one producer has exclusive knowledge of an intellectual process

which market structure has product differentiation?

Measures a change in the average price of consumer goods

the feds board of governors, is

complements are products that are used _________

what was established to insure depositors money?

investing in the stock market market is a _______ risk investment

the fundamental problem of economics is

what a country produces the mostof

in which market structure does collusion exist?

If the FED wanted to conduct easy money policy, which of the following would it do?

which of the following allows the money supply to grow? (expands)

Using the traditional theory of wages, how are wages determined?

which of the following is not an example of tight money policy?

if a product has _____ demand, then any change in price causes more change in quantity demanded

which market structure has few large sellers?

which of the following is funded by FICA

where goods and services are bought and sold

If demand shifts right, increasing EP, which of the following could not have caused it?

which of the following is not a necessary condition to a perfect competition

the total dollar value of all final goods and services within a country's borders is

which agency regulates the sale of stock

if an economy is operating along the PPF, then it is

when inflation occurs, what is the immediate effect?