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Economics vocabulary review Flashcards | StudBud
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Economics vocabulary review
Economics vocabulary review
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1
In the rap, who said that? "If you love colored paper, you'll just love me".
$10
$1
$5
$20
2
In the rap, who said that? "My name is Bill".
$5
$1
$50
$20
3
In the rap, who said that? "I've got a new deal for you".
penny
dime
nickel
quarter
4
In the rap, who said that? "Benjamin Franklin he's on my face".
$50
$100
$5
$1
5
How much $ will it cost to build EACH mile of the wall between Mexico and the United States?
more than 2 million (estimated)
$100,000 (estimated)
1.5 million (estimated)
1 million (estimated)
6
The value of a good or service stated in money terms.
price
prune juice
prius
prize
7
Ecuador doubles the quantity of
bananas
it sells to the United States.
supply down
supply up
demand up
demand down
8
If the supply goes down the market price goes ______________.
up
ahavah
down
gabe
9
Dunkin donuts adds 4 new breakfast items that include
maple syrup
.
supply up
demand down
supply down
demand up
10
Trading a sandwich for a cookie is called __________________.
babble
barter
Dalton
bobble
11
Apples, cars, duck boots, and cell phones are ___________________.
goods
debts
consumers
services
12
People who use resources to make goods and services.
goods
producers
services
consumers
13
If the demand goes down the market price goes _______________.
down
spencer
helen
up
14
Objects that can be held or touched that can satisfy peoples wants and needs.
revenue
goods
debt
services
15
How many grand children does President Trump have?
8
6
5
7
16
I bought my car for $1000 and sell it for $1500. I made a $500 dollar _______________.
profit
debt
goods
Jake
17
The value stated in money terms is the ___________________.
Amelia
price
debt
supply
18
Money which is owed.
detb
dweeb
debt
debit
19
Kyle MacDonald is famous for ________________.
stock market
bartering
bankruptcy
balloon animals
20
When is President Trump's birthday?
June 14th
June 24th
July 4th
July 14th
21
How much producers are willing and able to produce.
supply
supp
demand
goods
22
When the supply exceeds the amount demanded.
demand
shortage
supply
surplus
23
The economics test is scheduled for Monday.
false
true
24
A news story celebrates the health benefits of the
blueberry
.
demand up
demand down
supply down
supply up
25
If the supply goes up the market price goes _______________.
up
Thomas
down
Olivia
26
In the rap, who said that? "I don't get bent".
penny
dime
quarter
nickel
27
The trading of goods and services without money.
goods
debt
barter
services
28
If there is demand for boots but no supply of boots, there is a _______________.
surplus
supply
shortage
bankrupt
29
If the demand goes up the market price goes _____________.
Adam
up
down
Kota
30
People who use goods and services.
consumers
services
revenue
producers
31
Donald Trump is the ________ president of the USA.
40th
50th
45th
35th
32
All money made.
revery
revenue
rendezvous
review
33
The difference between the total revenue and the total cost of a business.
protif
profit
prophet
professor
34
Many students are sickened after eating
haddock
sandwiches in their school cafeteria.
supply down
demand up
demand down
supply up
35
A __________________ purchases goods.
producer
consume
producing
consumer
36
If there are lots of 2016 calendars left over at the end of the year, there is a _____________.
Eva
surplus
sherbert
supply
37
Pilots, teachers, and doctors provide a _________________.
surplus
porter
service
shortage
38
Due to over fishing the
shrimp
harvested in 2014 is the lowest in years.
supply up
demand up
supply down
demand down
39
How much consumers are willing and able to buy.
goods
demand
supply
surplus
40
When deciding what price to charge I need to consider the ___________ _____ ________________.
cots of produce
cottage of cheese
cost of production
cost of produce
41
First Lady Melania Trump was born in which country?
Russia
Yugoslavia
Dubai
Hungry
42
Unable to pay debt.
bankerupt
bancruptz
bankrupt
bankrypt
43
Profit = Revenue - ___________________________.
demand
supply
cost of production
surplus
44
How many children does President Trump have?
5
7
3
6
45
When the amount demanded exceeds the supply.
supply
shortage
barter
surplus
46
Activities that can satisfy peoples wants and needs.
barter
debt
goods
services
47
The cost of all resources used in producing goods and services.
cost of produce
cost of producks
cost of productivity
cost of production