stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Economics Flashcards | StudBud
Explore
/
Economics
Economics
30 terms
·
StudBud Administration
·
266 plays
#cash
Flashcards
30 cards
F
Practice quiz
P
Host live
L
Questions
30
Answers
1
The official money of a government.
legal tender
greenbacks
commodity
continentals
2
As civilizations grew, ____ became an increasingly more difficult economic system to use.
commodity
demand
supply
bartering
3
legal tender of the United States
denominations
Federal Reserve Notes
alloy
minted
4
Any action that one person or group does for another in exchange for payment
resources
goods
services
job
5
What is a coin collector called?
antifederalist
numismatist
biologist
educationalist
6
Coins come in ______ different denominations.
7
5
4
6
7
The ___ were the first civilization to use paper money.
Chinese
British
Americans
Mexicans
8
As people learned how to domesticate plants and animals, a ____________ of food was created.
barter
market price
profit
surplus
9
Items that can be bought or sold
resources
goods
services
10
The first colony to make its own coins and paper money.
New Hampshire
Maryland
Massachusetts
Virginia
11
Moneymaking business
demand
barter
surplus
profitable
12
Trading items people have for items they need or want.
income
opportunity cost
trade
barter
13
Anything used to produce goods and services
Factors of Production
Interest
Scarcity
Resource
14
Mental and physical efforts of people applied to the production of goods and services
Capital
Entrepreneurship
Land
Labor
15
People began using items such as shells, salt, and cattle as the _________, or the first money.
unit of exchange
commodity
continentals
greenbacks
16
The study of economic decisions made by consumers and producers that affect individuals in an economy
Macroeconomics
Microeconomics
Global Market
17
amounts
denominations
bank notes
minted
commodity
18
Agency that investigates crimes of counterfeiting
Secret Service
Federal Reserve Agents
CIA
19
Individuals own businesses to make a profit
Free enterprise
Entrepreneurship
Capital
Labor
20
The study of economic decisions that affect the economy of a nation
Macroeconomics
Microeconomics
Production
Goods and services
21
a mixture of metals
services
alloy
denominations
goods
22
manufactured coins
minted
counterfeit
denominations
barter
23
Each note/denomination is printed with the words ____________.
Property of the United States
Bureau of Engraving
Federal Reserve Note
Do Not Duplicate
24
Illegally reproducing money for circulation
medium of exchange
store of value
counterfeiting
25
A common item accepted as payment.
continentals
commodity
greenbacks
legal tender
26
Overabundance or having more than needed.
supply
barter
demand
surplus
27
The journals of the___ and ___ Expedition contain accounts of bartering with Native Americans.
Hamilton/Jefferson
Washington/Boone
Lewis/Clark
28
The environmental resources
Labor
Land
Wages
Capital
29
Money, buildings, machinery and equipment used to produce goods and services
Labor
Capital
Enterprise
Entrepreneurship
30
The risk-taking resource
Capital
Land
Labor
Entrepreneurship