ECONOMICS FINAL EXAM

THE DOLLAR VALUE OF ALL GOODS AND SERVICES

HIGHEST PRICE THAT CAN BE CHARGED FOR AN ITEM

WHICH IS NOT A CHARACTERISTIC OF MONEY?

MERGER OF BUSINESSES AT DIFFERENT STEPS OF MANUFACTURING A PRODUCT

BABY BOOMERS WERE BORN BETWEEN WHICH YEARS?

WORTH IN DOLLARS AND CENTS

OPERATING AT THE PPF MEANS WHAT FOR RESOURCES?

DIVISION OF LABOR IS BEST REPRESENTED BY?

TYPE OF TAX ON SOCIALLY UNDESIRABLE ITEMS

WHAT TYPE OF COSTS ARE RENT AND TAXES?

THE DEMAND PULL THEORY IS CAUSED BY?

WHO OVERTHREW THE RUSSIAN GOVERNMENT IN 1917?

AS PRICE GOES UP QUANTITY DEMANDED WILL GO?

LIMITED LIABILITY IS AN ADVANTAGE OF WHICH BUSINESS ORGANIZATION?

WHAT IS GIVEN UP WHEN WE MAKE A CHOICE

MONEY POLICY THAT MAKES INTEREST RATES GO UP

CAUSED BY UNLIMITED WANTS AND NEEDS AND LIMITED RESOURCES

INCOME TAX IS WHAT TYPE OF TAX?

TYPE OF TARIFF USED TO HELP DOMESTIC COMPANIES

BUYERS AND SELLERS FREELY ENGAGING IN MARKET TRANSACTIONS

WHEN THE SUPPLY AND DEMAND CURVE MEET THE MARKET IS AT WHAT?

WHICH IS NOT A FACTOR OF PRODUCTION?

WHERE DO SURPLUSES OCCUR?

WHAT TYPE OF TAX COVERS MEDICARE ABD SOCIAL SECURITY?

MINIMUM WAGE IS A?