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Basics of economics Flashcards | StudBud
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Basics of economics
Basics of economics
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Answers
1
Which is demand curve?
Both
Blue line
None
Orange line
2
A venture capitalist is
The net worth of a company
The co-founder of a successful startup
A manager of a business's investment, aligning with goals
An investor in a business providing capital for startup
3
Economics is:
how consumers spend, producers produce
the study of people and the choices they make
both 2 and 3
how people use money
4
Why does free market exists?
because a portion of resources are owend by idivdulas or compaines
incentive that drives idividulas and business and owners to improve
Big blrd
visual disclosure in the world for knowing the free market
5
The Backward Bending supply curve shows that :
After a certain level of wages labour chooses more leisure than work
wages fall as the amount of labour increases
a rise in wages reduces the size of the working population
supply rises as wages fall.
