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The Civics FINAL Flashcards | StudBud
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The Civics FINAL
The Civics FINAL
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Flashcards
36 cards
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Questions
36
Answers
1
Most of the goods shipped within the USA are from
large trucks
airplanes
helicopters
boats
2
Looking at the business cycle, if prices of products become TOO inflated, what will happen?
Contraction stage begins
Expansion will double
Trough will begin
Another depression will occur
3
The amount left over after a business takes in after all expenses are paid:
Profit
Capital
Taxes
stocks
4
The term for a group of people standing outside their workplace holding signs...
Sit-down strike
sick out
picketing
filibustering
5
A sickout is an example of a(n):
collective bargain
picket
job action
illegal activity
6
The Great Depression took place throughout MOST of the:
1930's
1920's
1940's
1860's
7
When you buy a US bond, you are buying from:
other bond holders
corporations
A national bank
The Federal Government
8
FDR bankrupted the___________ to help get the country out of the Great Depression
banks
government
stock markets
farmers
9
The problem of limited resources like natural gas
scarcity
cost-benefit principle
extinction
interest
10
River travel is difficult mainly due to...
high speed
governmental interference
cost and risk
weather and water levels
11
Imagine the United States gov't took over all forms of restaurants (like communism)...this is:
Outsourcing
Nationalization
Localization
Social Security
12
North Korea's government and economy are considered:
Communism
Socialism
Capitalism
Satanism
13
A down payment (or partial payment) is included in a(n):
installment
interest
mass production
balance
14
A third world country would most likely have a:
Market Economy
Mixed Economy
Command Economy
Traditional Economy
15
Wat are the FOUR factors of production?
Natural Resources, taxes, stocks, government
Labor, Taxes, Loans, Corporations
Natural resources, labor, capital, and entrepreneurship
Capital, stocks, bonds, money
16
Inflation can cause the prices of goods and services to:
rise
fall
disappear
stay the same
17
Socialism still actually, unlike communism, allows some
private ownership
tax exemptions
18
Government can raise money through:
bonds and CD's
Savings and Loans
bonds and taxes
stocks and labor
19
Laissez-faire means that:
government should stay out
government should be involved
government has certain rights over its citizens
Communism takes effect
20
Wholesalers buy FROM
The internet only
Manufacturers
Retailers
Consumers
21
Which of the following is NOT liquid and early withdrawl means penalty assessed:
Money Market Account
Certificate of Deposit
Checking Account (debit card)
Savings Account
22
The right of union members to negotiate with management is known as:
Collective Bargaining
Striking
Job Action
Creative Thinking
23
Large companies that sell stock are most likely
Corporations
Partnerships
None of these
Sole Proprietorships
24
Which of the following will damage your credit score:
paying bills late
paying for expensive items with cash
using a debit card at a hotel
Having multiple accounts
25
Communism father Karl Marx...
invented the internet
wrote a book on Economics
Owned more property than any man ever
wrote the play Cinderella
26
Generic brands typically...
are more expensive than name brands
are cheaper than name brands
are not safe to use
do not sell well at all
27
Using certain principles to provide goods and services on a large scale...
Free Trade
Supply and Demand
Entrepreneurship
mass production
28
Which of the following is a cost of production:
wages
transportation
raw materials
All of These
29
Socialism guarantees all of the following except:
affordable housing
low taxes
free education
universal healthcare
30
IN an expansion, we know that this will undoubtedly increase:
GDP
UPC
CIA
sale of government bonds
31
The following is the true head of a corporation
Board of Directors Member
Manager
CEO
Stockholder
32
The FDIC was created; thus, it insures this amount of your account's $.
$500,000
$250,000
$220,000
$100, 000
33
When a supplier has too much of his/her product...
Shortage
Bundle
Surplus
Equilibrium Price
34
If your money is in liquids, then it is
drinkable
easy to get out and use
automatically taxed and penalized
difficult to get out and you can lose much of it
35
Buyers will demand greater amounts when prices are lower is The
Law of Capitalism
Law of Demand
Law of Equilibrium
Law of Supply
36
The President who created the "New Deal" was:
Wilson
Harding
Roosevelt
Hoover