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American Economy Flashcards | StudBud

Explore/American Economy

American Economy

10 terms·StudBud Administration·129 plays

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Questions 10

Answers

1
Capitalism is ....
IDK
a system where private citizens own most of the production
People decide how to use the production
Money from production
2
Division of labor is...
the breaking down of a job into separate tasks
the increase of a job to larger groups
labor being divided
labor being seperated
3
Economic Growth is...
the money on the floor
the decrease in a country's goods and services
the money in a wallet
the increase in a country’s total goods and services
4
Did you like my Presentation?
No
Yes
5
What does GDP stand for?
Gross Dog Product
Going Down Peanut
Gross Domestic Product
Going Down fer Real
6
Profit is....
Random Money
Money from Business
Money from mowing the lawn
money a business receives for its products or services
7
An entrepreneur is...
introduces a new product
a risk-taking individual who starts a new business
ALL OF THE ABOVE
improves a management technique
8
A circular flow chart ends.
False
True
9
There are both Product markets and Factory markets.
True
False
10
True or False...People start businesses to make a profit
True
False