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CRPW_ECONOMICS Flashcards | StudBud
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CRPW_ECONOMICS
CRPW_ECONOMICS
31 terms
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StudBud Administration
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INTRO. TO ECONOMICS
Flashcards
31 cards
F
Practice quiz
P
Host live
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Questions
31
Answers
1
BARTERING IS USED PRIMARILY IN THIS ECONOMY?
TRADITIONAL
COMMAND
CAPITALIST
MARKET
2
WHO IS KNOWN AS THE FATHER OF MANY NATIONS?
GEORGE WASHINGTON
ADAM SMITH
KARL MARX
ABRAHAM
3
WHAT IS THE PRIMARY GOAL OF A BUSINESS UNDER CAPITALISM?
DEMAND
SUPPLY
CHARITY
PROFIT
4
IF A BUSINESS SHOWS A PROFIT IT IS SAID TO BE "IN THE ________
TOILET
RED
WEEDS
BLACK
5
WHO IS KNOWN AS THE FATHER OF THE UNITED STATES OF AMERICA
ABRAHAM
KARL MARX
ADAM SMITH
GEORGE WASHINGTON
6
BANKING, ENTERTAINMENT, HEALTH CARE ARE ALL PART OF WHAT SECTOR
TERTIARY
PRIMARY
SECONDARY
QUADRALATERIAL
7
WHEN THERE IS NOT ENOUGH OF A PARTICULAR PRODUCT IT IS SAID TO BE
SURPLUS
SUPPLY
SCARCE
SUBSISTENCE
8
WHAT IS LIVESTOCK?
INVISIBLE HAND
HEADLESS HORSEMAN
CROPS
FARM ANIMALS
9
MINING, FARMING, FISHING & FORRESTRY ARE PART OF WHAT SECTOR?
PRIMARY
SECONDARY
TERTIARY
QUADRALATERIAL
10
ANOTHER WORD FOR CAPITALISM
FREE ENTERPRISE SYSTEM
TROUGH
SUPPLY
COMMAND ECONOMY
11
HAVING MORE THAN ENOUGH OF SOMETHING....
SUBSISTENCE
SCARCE
SURPLUS
SUPPLY
12
THE GOVERNMENT OWNS AND CONTROLS ALL BUSINESS IN A _______ ECONOMY.
MARKET
CAPITALIST
TRADITIONAL
COMMAND
13
A GOVERNMENTAL FREEZE ON DOING BUSINESS WITH A SPECIFIC COUNTRY
EXPORT
EMBARGO
IMPORT
TARRIF
14
WHO IS KNOWN AS THE FATHER OF COMMUNISM?
KARL MARX
ABRAHAM
GEORGE WASHINGTON
ADAM SMITH
15
A PRODUCT THAT IS MADE
OUTSIDE
OF THE USA AND SHIPPED INTO THE COUNTRY TO SELL
EMBARGO
EXPORT
TARRIF
IMPORT
16
THE AMOUNT OF A PRODUCT AN OWNER IS WILLING TO PRODUCE
SURPLUS
SUBSISTENCE
SUPPLY
SCARCE
17
WHAT IS AGRICULTURE?
GOODS
SERVICES
FARMING
INDUSTRY
18
THE WEALTH OF THE COUNTRY AND ITS INFRASTRUCTURE
LAND
ENTREPRENEURSHIP
LABOR
CAPITAL
19
WHO IS KNOWN AS THE FATHER OF MODERN ECONOMICS
KARL MARX
GEORGE WASHINGTON
ABRAHAM
ADAM SMITH
20
WHO WROTE
THE WEALTH OF NATIONS?
ADAM SMITH
GEORGE WASHINGTON
BENJAMIN FRANKLIN
THOMAS JEFFERSON
21
THE NATURAL RESOURCES USED TO PRODUCE GOODS & SERVICES
LABOR
LAND
ENTREPRENEURSHIP
CAPITAL
22
WHAT AMUSEMENT RIDE IS THE BUSINESS CYCLE SIMILIAR TO?
ROLLERCOASTER
CANOE SHOOT
ZIPPER
FERRIS WHEEL
23
THE CREATIVITY AND RISK NEEDED TO DEVELOP NEW GOODS & SERVICES
ENTREPRENEURSHIP
LAND
CAPITAL
LABOR
24
THE SIZE AND EDUCATION OF THE WORK FORCE
ENTREPRENEURSHIP
LAND
LABOR
CAPITAL
25
THINGS THAT ONE MUST HAVE TO SURVIVE?
SUBSISTENCE
SURPLUS
SCARCE
SUPPLY
26
CREATING AUTOMOBILES, RAILROADS, COMPUTERS ARE PART OF WHAT SECTOR
QUADRALATERIAL
SECONDARY
TERTIARY
PRIMARY
27
IF A BUSINESS
DO NOT SHOW
A PROFIT IT IS SAID TO BE "IN THE ________
WEEDS
RED
TOILET
BLACK
28
FAMILY MEMBERS TEND TO WORK AT THE JOBS OF THEIR ANCESTORS/FAMILY IN A ____ ECONOMY
CAPITALIST
COMMAND
MARKET
TRADITIONAL
29
What is G D P ?
GREAT DANDY PRETTY
GROSS DOMESTIC POLICY
GROSS DUMB POPULATION
AN ANNUAL TOTAL OF ALL GOODS & SERVICES FOR A COUNTRY
30
A TAX ON IMPORTED PRODUCTS
EXPORT
TARRIF
IMPORT
EMBARGO
31
What is PER CAPITA?
FOR SORORITIES
PER GOVERNMENT
CAPITAL CITY
MEASURED BY EVERY CITIZEN
