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Q 1/35
Score 0
In the U.S. automobile industry, would a strike among union workers affect the demand or supply curve?
60
Demand Curve
Supply Curve
Q 2/35
Score 0
In the U.S. auto industry, would a rise in steel prices affect the demand or supply curve?
60
Supply Curve
Demand Curve
35 questions
Q.
In the U.S. automobile industry, would a strike among union workers affect the demand or supply curve?
1
60 sec
Q.
In the U.S. auto industry, would a rise in steel prices affect the demand or supply curve?
2
60 sec
Q.
In the U.S. auto industry, would tariffs imposed by the U.S. government on Japanese cars (increasing their cost) affect the supply or demand curve?
3
60 sec
Q.
In the U.S. auto industry, would technological advances in the production of automobiles affect the demand or supply curve?
4
60 sec
Q.
In the U.S. auto industry, what would happen to the sale of American cars if it was determined by more and more Americans that imported cars were superior to cars made in America.
5
60 sec
Q.
In the U.S. auto industry, what happens if the legal driving age were raised to 18?
6
60 sec
Q.
In the U.S. auto industry, what happens if auto workers agree to wage and benefit cuts?
7
60 sec
Q.
What does total revenue minus total cost equal?
Total Revenue - Total Cost = ?
8
60 sec
Q.
What is total cost?
9
60 sec
Q.
Is the cost of the building a fixed cost or a variable cost?
10
60 sec
Q.
Are property taxes a fixed cost or a variable cost?
11
60 sec
Q.
Are hourly paid workers a fixed cost or a variable cost?
12
60 sec
Q.
What is the law of demand?
13
60 sec
Q.
What is inelastic demand?
14
60 sec
Q.
What is elastic supply?
15
60 sec
Q.
How are hot chocolate and marshmallows related?
16
60 sec
Q.
These type of products do better when people don't have a lot of money and can't afford what they may really want.
17
60 sec
Q.
What would increased excise taxes and regulations do to a product?
18
60 sec
Q.
The point at which demand for a product or service is equal to the supply of the product or service
19
60 sec
Q.
When quantity demanded is more than quantity supplied
20
60 sec
Q.
Which is a factor that can cause a change in demand rather than a change in supply?
21
60 sec
Q.
If consumers continue buying despite a steep price increase than demand is __________________
22
60 sec
Q.
What is total revenue?
23
60 sec
Q.
What determines the price and quantity of most goods?
24
60 sec
Q.
The cost of producing one more unit of a good is the _____________________________________
25
60 sec
Q.
What number is most important when determining the success of a company?
26
60 sec
Q.
What happens if there is excess supply?
27
60 sec
Q.
Disequilibrium occurs when...
28
60 sec
Q.
The most popular band in America is coming to the VanAndel Arena. How would demand for this tickets be best described?
29
60 sec
Q.
What best describes the demand for Hershey's candy bars?
30
60 sec
Q.
What type of supply is described as being able to change quickly if the market requires it?
31
60 sec
Q.
What category does the amount paid to salaried workers best fit into?
32
60 sec
Q.
What category does the amount paid to hourly workers best fit into?
33
60 sec
Q.
How about the cost of supplies needed to produce a product?
34
60 sec
Q.
How about the cost of the building where production takes place?
