CPAS REVIEW-ECON

What happens to price when demand is high, but supply is low?

In a market economy who decides whether a business will survive or fall?

In which market structure must sellers take whatever price the market determines?

In what type of economy do government officials determine how to produce goods/services?

Study of components of national economy, such as individual firms, households & consumers.

Which of the following is NOT one of the 3 functions of management?

The money left after taking out taxes.

Money thats left after paying for basic living necessities such as food, shelter, and clothing.

Which product activity best describes a coal miner?

What happens to price when demand is low, but supply is high?

What does OSHA stand for?

Which of the following is not part of the Marketing Mix?

period of several months or years during which asset prices consistently rise.

A tax on imports

is a market form in which a market or industry is dominated by a small number of sellers

Which of the following is not one of the three questions the Economic System must answer.

Managers, technical trainers, and accountants are examples of company's

What does EEOC stand for?

The avenues by which the message is delivered are

What pays when a worker is hurt on a job?

If not regulated by the government, which market structure has total price-setting power?

The right of individuals to decide where to work and what kind of work to do is an example of

Goods and services sold to other countries.

Most infrastructure has been built by

 period of several months or years during which securities prices consistently fall.