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Final Review 2 Economics Flashcards | StudBud
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Final Review 2 Economics
Final Review 2 Economics
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1
The free enterprise system or market economy is dependent on which of the following:
private property
government control of resources
a well educated workforce
government regulation
2
In the Free Enterprise of market system what happens to businesses that are not profitable?
No one knows
they expand
the heavily influence market behaviors
they go bankrupt
3
Which of the following identifies a problem that all individuals and societies face?
Dividends
abundance
scarcity
entrepreneurship
4
Who is this?
George Bush
Bernie Sanders
Bill Clinton
Warren Buffet
5
A way to make money in a "bear market":
short trade
invest
day trade
long trade
6
Owners of a corporation.
creditors
everyone
Banks
stock holders
7
Any stock trading below $5 per share is known as:
small cap stock
penny stock
Common stock
blue chip stock
8
The study of the economy as a whole is called:
Reaganomics
Macroeconomics
Microeconomics
Trickle down economics
9
The World's largest stock market is:
AMEX
NASDAQ
SEC
NYSE
10
Scarce means:
limited supply
an abundance
enough
a great bounty
11
A term referring to just enough to survive.
opportunity cost
subsistence level
economics
mixed economy
12
Your biggest allies when investing.
time and compound interest
here and now
compound interest and opportunity cost
space and time
13
The board of directors of a corporation elected by:
Shirt and Wenturine
Congress
the companies stock holders
the people
14
Stock in large, long established companies.
Penny
Small cap
Preferred
Blue Chip
15
The study of the interaction between buyers and sellers is part of:
microeconomics
sociology
macroeconomics
government
16
The three basic questions of economics are:
what, when, and where
where, when, why
what, how, who
if, not, now
17
As prices rise producers will:
stop producing
become confused
produce more
produce less
18
Is used to help investors lower risk:
activation
diversification
short trading
borrowing
19
For most people the best way to invest in stock is through:
hedge funds
private mortgages
US savings bonds
mutual funds
20
Which of the following is not an example of labor?
a nurse
a Lumberjack
a train
a truck driver
21
An investor who believes that prices will fall is known as:
a bear
a day trader
a fool
a bull
22
When a company sells a product at a price that is to high the result is:
shortage
surplus
unfilled orders
market confusion
23
The study of scarcity and choice.
Literature
government
math
economics
24
Which of the following is an economic incentive?
Loyalty
Wages
Patriotism
Ambition
25
A person who organizes the factors of production to produce a product is know as a(n):
Entrepreneur
capitalist
ghost
CEO
26
As prices rise consumers will:
buy more
stop buying
become confused
buy less
27
A stock holders share of a corporation is known as the:
Dividend
Interest
Surplus
Opportunity Cost
28
A business owned by stockholders.
proprietorship
franchise
corporation
partnership
29
An investor who believes that prices will rise is referred to as:
a trader
a bull
a bear
a fool
30
Type of motorcycle ridden by Mr. Shirt.
Triumph
Kawasake
Harley
Honda
31
Any place where people make exchanges for goods and services.
a market
a home
the capital
the vale
32
What advice did David Chilton give about buying a race horse?
don't do it
great long term investment
risky but perfect for retirement
he was confused and refused to speak
33
The NYSE was created by:
Bill of Rights
the Constitution
Mayflower Compact
the Buttonwood Agreement
34
The World's largest corporation:
Target
Wal Mart
General Electric
GM
35
Created in the New Deal to regulate the stock market:
FCC
FEC
SEC
TNT
36
Which of the following is not a capital resource?
factory
lumberjack
money
chain saw