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What law states that bad money drives out good? Gresham's Law. What is the asserted value of money? face value. When the level of prices rises because too much money is in circulation, the process is called what? inflation. Study with Quizlet and memorize flashcards containing terms like what is the term economists use for coined, metallic ...Abeka Economics 11.3. Flashcards; Learn; Test; Match; ... B252 Module 13. 32 terms. eliza_whiteside3. Preview. Chapter 4. 4.1. Central Banking. Teacher 113 terms. xincamon1152. ... supply-side economics. The theory that reduction of taxes makes more money available for private investment in capital and research, thereby increasing productivity. ...Abeka Economics Quiz 10. debtor. Click the card to flip 👆. one who borrows money or capital. Click the card to flip 👆. 1 / 9.

oligopoly*. What are two of the three characteristics of monopolistic competition? 1. large number of firms*. 2. differentiated products*. 3. easy entrance and exit*. What is a collusion of businesses that join together to restrict or eliminate competition? trust*.What will result if a restaurant produces 150 hamburgers a day, but consumers demand 100 burgers a day at $1.00 per burger? #1 - Technology; Resource Prices; Prices of Related Goods; Number of Goods; Producer Expectations; Gov't Taxes, Subsidies and Regulations. What are three of the six factors that can cause a change in supply? - #1.Abeka Economics Quiz 12. 5.0 (1 review) Flashcards. Learn. Test. Match. ... Test. Match. Created by. pbc914. Terms in this set (8) What are coins made from gold, silver, bronze, and other metals? Specie. What is any form of money that has been declared a valid means of payment? Legal tender.Quiz yourself with questions and answers for Abeka Economics Test 3, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material. ... 13 of 20. Definition. The result of a price floor. Supply. Monopoly. Shortage. Surplus. 14 of 20. Term. the government. What makes ...competition. The rise of Communism began with the 1917 ___. Bolshevik Revolution. __- is known as the Father of Communism. Karl Marx. According to Communist Philosophers, the __ must be overthrown before social and economic equality can be established. bourgeois. Marx advocated the dictatorship of the __ or the working class.

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8 of 8. Quiz yourself with questions and answers for Abeka Economics Quiz 12, so you can be ready for test day. Explore quizzes and practice tests created by teachers and students or create one from your course material.Law of Supply. the basic economic principle which states the direct relationship between the price of a good and the amount that suppliers will make available. supply schedule. term for a list of numbers that compares price with quantity supplied. supply curve. term for a graphic presentation of the quantity of goods supplied at different prices.ABEKA ECONOMICS Test 3 (9 Weeks Exam) 68 terms. kevinlauren. Preview. Business Cycle & Unemployment Vocabulary. 22 terms. orbit172. Preview. Unit 3: The Price Is Right. 9 terms. ... 13 terms. superandyalston. Preview. Lilly Econ. 25 terms. swain_mackenzie. Preview. Terms in this set (8) What are the 3 components of mass production

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