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Economics

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Pasquale Wisozk

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Cards in this guide (7)
Main force behind the decisions made by producers in a free-market society

the profit motive(:

Each society determines who will consume what is produced based on

Combination of social values and goals.

In the study of economics which is the definition of a market

an arrangement that allows buyers and sellers to exchange things

Which best explains one of the benefits provided by economies of scale

A larger customer base enables retailers to pay lower prices for wholesale goods. APEX

When people buy less of a certain good as their income increases this good is considered .

inferior

Which of the following Represents The Most Direct Power That Stockholder's Have Over The Operations Of A Company

Stockholders can vote for the members of the board of directors

Which of the following is measured by utility

The Satisfaction a person gets from consumption

this is for apex economics

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