ECONOMICS
ECONOMIC INSTITUTIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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combination of companies that control the production or distribution of a product or service
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includes jobs with large firms holding dominant positions within their industries
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set of organizations that determine how goods and services are produced and distributed
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network of unrelated businesses operating under one umbrella
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system in which political decisions are made as a result of bargaining and compromise among special-interest groups
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Detailed explanation-1: -Which of the following lists only factors that would cause an increase in the supply of an item? A rise in the price of a substitute-in-production; an increase in the price of a complement-in-production; an expectation that the price of the item will increase in the future.
Detailed explanation-2: -What are the two basic classifications under which most potential financial goals fall? Earning or increasing profits and controlling risk.
Detailed explanation-3: -Which of the following is a cause of struggle in the process of privatization? People must adjust to the costs and risks that are part of capitalism.
Detailed explanation-4: -The topics studied in macroeconomics include: inflation, unemployment and economic growth.