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Current Events
12 terms
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StudBud Administration
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23 plays
#economics
Flashcards
12 cards
F
Practice quiz
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Host live
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Questions
12
Answers
1
What are retail sales
money made off of consumers
They prove consumer spending drives much of our economy.
tariffs
Sales retailers make
2
does this article represent supply or demand
None
Both Supply&Demand
Demand
Supply
3
Which of the following Economic goals does this article represent?
None
Economic Growth
Full employment
Equity
4
would the demand curve for retail stores move to the right or left
Left
Stay the same
None
Right
5
When retail sales go up, our economy
retail sales don't effect economy
Deceases
Stays the same
Increases
6
This upcoming holiday season retail sales are expected to rise to by how much
15%
12%
19-20.2%
5-5.6%
7
What are tariffs
a major correction in the financial markets
When consumers decide to spend money
Proves consumer spending drives much of our economy.
a tax to be paid on a particular class of imports or exports
8
How much could retail sales go up
10 trillion
1.10 trillion
1.20 trillion
100 trillion
9
How much tariff did president trump impose on China’s imports?
50%
98%
6%
10%
10
what demand determinant does this article represent?
Unemployment
Income
Ceteris Paribus
Demand
11
Low unemployment rate would increase consumer spending
False
True
False
True
12
US has a record-breaking unemployment rate this year
False
False
True
True
