stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Economics Review Flashcards | StudBud
Explore
/
Economics Review
Economics Review
10 terms
·
StudBud Administration
·
1,007 plays
A review of the economic basics including vocabulary, types of economies, and personal finance.
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
Your are a teacher. Which of the following is an example of a capital good?
health insurance
workshops
computers
sick leave
2
How much of an item is available and how many consumers want that item.
supply & demand
barter & budget
credit & debt
savings & interest
3
Which is a way that a hospital might increase human capital?
Buy them new doctor coats.
Invest in new machines for the hospital.
Pay for specialized training in their field.
Improve the emergency room facility.
4
The newest iPhone is released and it quickly disappears off the shelf. Consumers want more.
excess
scarcity
abundance
sufficient
5
Supplies that are needed to run a business.
scarcity
capital goods
GDP
human capital
6
What is a synonym for the word loan?
budget
interest
credit
savings
7
Money that is not spent.
interest
budget
income
savings
8
Government makes economic decisions in which economy?
market
traditional
command
hungry
9
Education and training for your employees to improve their skills.
capital goods
human capital
invest
barter
10
Consumers make decisions in which economy?
traditional
market
command
socialist
