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Economics- Whatcha Know? (1st day) Flashcards | StudBud
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Economics- Whatcha Know? (1st day)
Economics- Whatcha Know? (1st day)
22 terms
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Economics basics quiz
Flashcards
22 cards
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Practice quiz
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Host live
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Questions
22
Answers
1
Dude is on his way to being the 1st TRILLIONAIRE (I can't even). What's his name?
Tim Cook
Jeff Bezos
Warren Buffet
Mark Zukerberg
2
Do you know what a stock is?
Nah.
Sure, it's what you put into soup
Yep, it's what corn grows on.
Yes, it's a share of a company, piece of their pie
3
Protocol review! How should you treat your phones in here?
When taking notes
when working with others
Time and Place: use during indep. work time/after work is done
All the time 24/7
4
Protocol review: Mrs. BK doesn't....
...grade things
...give projects
...like cats
...grade formative work AFTER the generous late policy has passed
5
Who is the United State's #1 trade partner?
Japan
Mexico
China
Canada
6
The US has a corporate tax rate. Any guess on what it is currently?
35%
21%
10%
18%
7
Which of the following is NOT a place where currency is held?
Cport Credit Union
Bank of America
Wall Street
US Treasury
8
Protocol review: Do you need to sign out for the bathroom?
Yes!
No!
We have bathrooms?
What bathroom?
9
In the United States, our economy is...
Driven by capitalism
driven by communism
Driven by the government
a bad one?
10
How did 'OG' economics work?
none of these
Trade and Barter
small market places
Used coins for money
11
This is currently the biggest retail company in the United States
Macys
Amazon
Google
Apple
12
Charlie goes to work. Charlie gets a check. Charlie get's sad when he sees his check because...
...he has to pay taxes
...he actually doesn't work.
ugggh??
He makes $10.00 an hour
13
what do taxes do?
They pay for the president's life and that's it
Fund things that can vary and change yearly
Pay for roads, bridges, schools, police, etc.
They only go to helping fund conflicts
14
What does this place do?
I don't know, but Leo Decaprio was in a movie here
Runs all the banks
Stocks get traded here
congress works here and does things
15
Which of the following is something Maine is NOT known for producing?
Rubber
Lobster/Seafood
Lumber
Toothpicks
16
True or False: The government controls
all
of the economy.
True
False
17
How are you feeling about this new semester?
Alright, Dawg.
Super fantastic, ma'am.
Meh, okay-ish.
Not so good, bro.
18
What is the current unemployment rate in the United States?
5-6%
15-20%
10-12%
3-4%
19
In the economy, you play what role?
Business CEO
Seller
tax payer
Consumer/buyer
20
Protocol review: what are the 3 "rules" in here?
Be quiet, be attentive, phones away
Be kind, sit with others, have a party
Sit down, wash tables, push in chair
Be present, be nice, phones/music away until invited
21
This holiday is the BIGGEST retail STORE shopping day in the world.
Blue Monday
Red Friday
Cyber Monday
Black Friday
22
You have to check your phone in the tree at the start of every class
False
True
