Economics Final Review

Skill level, demographics, & supply & demand all determine:

Which is NOT a cause that shifts the supply curve.

Which is NOT an advantage of a franchise?

Most desirable alternative given up because of a decision.

Which way does the curve shift if there is a decrease?

Measure of the most powerful firms in the world.

What acts as signals to consumers about the goods they are buying?

Which is NOT a use of money?

Total Revenue - Total Cost =

When should investors sell their stocks?

Which is NOT a market structure?

When the demand curve is completely horizontal the curve is called:

Which is NOT a factor of production?

When the demand curve is completely vertical it is called:

What causes a movement ALONG the demand curve?

Which was does the curve shift if there is an increase?

What do banks do with customer deposits?

What is the largest source of income for banks?

Costs that are based on levels of production are called?

Two goods bought in place of one another.