DECA Econ Review

Unemployment hurts the economy because unemployed people are unable to contribute to the

A country is experiencing civil unrest. What is likely to happen to the value of its currency?

A company requires employees to serve on committees.  They're increasing productivity with

One of the most important ways that businesses use budgets is for

A salesclerk working part time at a clothing store is an example of a(n)

Changes in fiscal and monetary policies often have an effect on the

Determine Utility Described: The Fudge Factory produces candy in its commercial kitchens

An example of the governement using price supports is when the government

Which of the following increases interest rates to promote economic growth and full employment

Purchasing insurance to cover business risks is an example of business risks' being handled by

Which of the following is NOT a basic element in all economic systems:

As a trainee in a large business, Rob spends three weeks working in each department.  This is

Exxon Oil, a creator of petroleum products, is an example of what type of producer?

How do nations track the flow of money coming in and going out of their countries?

Which of the following accompanies a strong, growing economy:

What type of economic system is used in the United States?

What often determines the value attached to money payments for resources?

Why does the Federal Reserve System raise interest rates?

Which of the following is a factor that influences a person's role in business in many cultures

Increased export trade might result in an increase in

A worker repeats a task 20 times a day at a certain pace abiding by guidelines.  This job is

Which of the following often enables certain countries to trade successfully with each other:

What is one of the main reasons why governments levy taxes?

An advantage of specialized labor is that workers perform jobs efficiently and production rate 

What occurs when the Federal Reserve Bank purchases treasury bills?

When inflation levels are low, businesses often consider

A manager computes the number of sales each salesperson completes in one day.  He is measuring

Which of the following is an economic activity:

Which of the following types of taxes would guests pay on hotel bills

Economic goods differ from economic services in that economic goods are

Businesses in trade industries that offer discount prices usually offer

Which of the following factors increase the demand for money:

By counting the number of gifts wrapped and a gift-wrapping booth at a mall, you are finding

A period of recession is normally accompanied by

Which of the following would the Federal Reserve Bank do to expand monetary policy

Which of the following is true about the Federal Reserve System's role in the economy

The calculation of GDP includes government purchases at which of the following levels:

Which of the following make up an economic market:

Which is a legal concept that affects businesses that operate in foreign countries:

When marketers provide information about an available product, consumers are more likely to

An example of a noneconomic want would be the desire for

Which of the following does the Federal Reserve System have responsibility

In a floating exchange-rate system, currency values are determined by

Producers compare relative prices in order to answer the question of

Mandy's band recently composed and recorded a new song.  To prevent other groups from using it

The price consumers are willing to pay for a product indicates their estimate of a product's 

If interest rates go down, which of the following would most likely occur:

Why does the demand for money change?

The city increases its sales tax from 6% to 6.5%.  This is an example of

If a government wants to decrease economic growth, it would use contraction fiscal policy like