rules and laws to restrict the behaviour of individual and firm.
Vocab chapt20

Quiz
•
Business
•
12th Grade
•
Easy

Junaid Khan
Used 1+ times
FREE Resource
10 questions
Show all answers
1.
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1 min • 1 pt
2.
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1 min • 1 pt
where government intervention leads to net welfare loss/misallocation of resources
3.
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1 min • 1 pt
when rising demand drives prices beyond expectation/true value/reasonable value/long-run sustainable level
4.
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1 min • 1 pt
buying/selling financial product/asset in the expectation of future further increase/decrease in the price for profit
5.
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1 min • 1 pt
where one party engage in risky event/activity when the cost of the risky behavior is born by another party
6.
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1 min • 1 pt
where one party of buyer or seller has more information than another party
7.
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1 min • 1 pt
side effect/impact on third party of consumption/production of goods and services
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