The market type known as perfect competition is

highly competitive and impossible to earn profits

Which of the following would be most likely to occur if the United States placed high tariffs on imported goods?

US less efficient,high tariff protect domestic producers that woudve failed

The best title of this diagram is

factors influencing exchange rates

Which of the following statements concerning trade is true?

Trade enables people to consume beyond their ability to produce

U.S. produces rice in a competitive market. the world price is higher than the domestic price. What must be true?

The U.S begins to export rice to eliminate a domestic surplus

studbud

CCA 6

18 termsStudBud Administration912 plays

Imported from external platform

Flashcards18 cardsFPractice quizPHost liveL

Questions 18

Answers

1
At 70$, we would need to ____ to make up the difference
inject
export
import
remove
2
At $70, we have a
surplus
no idea
shortage
good luck
3
At $30, what is quantity supplied and demanded?
6,3
2,5
1,5
2,4
4
If a lot of ice cream shops are being started and closing in a particular market, the market structure is probably a __
monopolisitc competition
perfect competition
monopoly
oligopoly
5
Airlines are an example of
perfect competiton
oligopoly
monopolistic competition
monopoly
6
The market type known as perfect competition is
highly competitive and impossible to earn profits
not very competitive and makes small profits
highly competitive and can make huge profits
not very competitive and can make huge profits
7
Which of the following would be most likely to occur if the United States placed high tariffs on imported goods?
US less efficient,high tariff protect domestic producers that woudve failed
US more efficient since businesses will be able to spend more $ research
The US would have an increase in the amount of goods imported from China.
debt of the country will increase due to the revenue infrom the tariffs.
8
Who has an absolute advantage in designer jeans?
comparative advantage
country a
what is absolute advantage
country b
9
The best title of this diagram is
factors influencing politics
factors influencing exchange rates
factors influencing biology
factors influencing religion
10
Which of the following statements concerning trade is true?
Trade should only occur when the two countries are bordering each other.
Trade tends to promote inefficient use of resources.
Trade enables people to consume beyond their ability to produce
Nations should trade only when they have absolute advantage
11
A natural monopoly usually has an influence of
tech companies
government
public education
private contractors
12
U.S. produces rice in a competitive market. the world price is higher than the domestic price. What must be true?
The U.S begins to import rice to make up for a domestic shortage
There is no incentive to import or export rice
The U.S begins to export rice to eliminate a domestic surplus
The U.S begins to export rice to make up for a domestic shortage
13
Restaurants are an example of what type of market structure
monopolistic competition
perfect competiton
monopoly
oligopoly
14
An example of a technological monopoly is
houston rockets at home
tomatos at a farmers market
government not allowing others to buy uranium
IOS platform
15
Factors that make it difficult for new firms to enter a market are called
externalities
barriers to entry
start up costs
oligopolies
16
Reducing a tariff will _____ the total domestic consuption of a good
does anything but something
decrease
stays the same
increase
17
performance, durability, reliability. What is the best title of this list?
values of a democracy
sizes of a firm
government intervention
products differentiated
18
Google, bing, and yahoo are examples of this type of market structure
monopolisitc competition
Perfect competition
monopoly
oligopoly

CCA 6 Flashcards | StudBud