please i need help with my government final?

One Response to please i need help with my government final?

1. meenki347 says:

   June 8, 2010 at 11:58 am

   Patrick

   1. What types of economies operate without the help of money? (1 point)
   barter
   2. Almost all existing economies can be described as what type of economy? (1 point)
   mixed
   3. A capitalist system can also be called a: (1 point)
   market economy
   4. What is the next step after making the decision to purchase a good or service? (1 point)
   gather information
   5. For consumers it is important to make sure savings are not outweighed by (1 point)
   cost of transportation.
   6. What is the name of the type of store that offers bulk items at low costs? (1 point)
   club warehouses
   7. What is the name of the type of stores that are open longer hours but have the trade-off of higher prices? (1 point)
   convenience stores
   8. A direct relationship between supply and demand, based on increasing prices, is best shown with the (1 point)
   upward sloping curve of the supply curve.
   9. How many factors determine supply? (1 point)
   Need more information
   10. As the price of a good decreases, the quantity demanded _____ and the quantity supplied _____. (1 point)
   decreases, decreases
   11. The term capital is defined as (1 point)
   any human-made resources used to create other goods and services.
   12. The term scarcity is defined as (1 point)
   limited quantities of resources to meet unlimited wants.
   13. The term land is defined as (1 point)
   a natural resource used to make goods and services.
   14. The term entrepreneurship is defined as (1 point)
   the organizational abilities and risk-taking involved in starting a new business or introducing a new product.
   15. The process in which a business estimates the cost of an action versus the benefits of an action is called (1 point)
   cost-benefit analysis.
   16. A market survey gathers information about (1 point)
   potential consumers of a product.
   17. After a product has been developed, what is the next step for a business? (1 point)
   create a marketing plan
   18. A resource is used to produce a good, therefore it cannot be used to produce something else. This is called (1 point)
   substitution effect.
   19. The value of the next best alternative that is given up to obtain a preferred item is called (1 point)
   trade off.
   20. Wealth of Nations was a book written by (1 point)
   Adam Smith