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Economics Vocabulary quiz Flashcards | StudBud
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Economics Vocabulary quiz
Economics Vocabulary quiz
30 terms
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Flashcards
30 cards
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Questions
30
Answers
1
Does everything you wear have a quota?
No
Yes
2
Is Walmart a market economy?
Yes
No
3
Which is NOT a consumer.
Human
Apple inc.
schools
Farmer
4
Does America do an international trade?
Yes
No
5
Which one of these are NOT a capital good?
Machine
Hook
Factory
Hammer
6
Are trade barriers good?
No
Yes
7
What’s a synonym for goods?
bread
Games
impedimentas
Toys
8
Which is an example of scarcit?
Water
grains
Oil
food
9
Does America have a specializatio?
No
Yes
10
Do you need knowledge in human capital?
Yes
No
11
Which countries has more GDP?
Australia
South America
Asia
North America
12
Which of these are natural resource?
Gas
Fish
banana
Water
13
What is an economics system?
Type of cycle
A rule for nations
cycle of changes
14
Which continents has more have a low literacy rate?
Europe
Africa
south America
Asia
15
what is a synonym for embargo?
Mad
Not care giving
Bad
Selfish
16
what Is an exchange rate?
Trading at a certain pace
One country has a different type of currency
17
Do we Americans get currency?
No
Yes
18
Which has a traditional economy?
America
China
19
Which is an example of a producer?
Flea markets
Ford
Pants
Walmart
20
How can a voluntart trade help?
By giving money to get things that are needed
Receiving things that need to be paid for
Getting things that don’t need to be paid for
Paying another counties fee’s
21
Which one of these is a synonym for econom?
Wealth
Aggregate
Accumulation
Chiffer
22
Who gets to decide if there’s a command economy?
The people
The leader
23
Is ms turner doing a service?
No
Yes
24
What does a mixed economy consist?
Traditional
Command
Market
None of the above
25
Does America Export?
No
Yes
26
Do you have to pay for a tariff?
Yes
No
27
Do you invest
Yes
No
28
Does America import?
No
Yes
29
Which type of person has a high standard of living?
Rich
Poor
30
which is an example of an Entrepreneurship?
Making Questions
Running
Sleeping
Cooking