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Economics vocabulary review Flashcards | StudBud
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Economics vocabulary review
Economics vocabulary review
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1
The economics test is scheduled for Monday.
false
true
2
The difference between the total revenue and the total cost of a business.
prophet
professor
profit
protif
3
If the supply goes down the market price goes ______________.
up
ahavah
down
gabe
4
People who use goods and services.
producers
services
consumers
revenue
5
First Lady Melania Trump was born in which country?
Russia
Dubai
Hungry
Yugoslavia
6
Dunkin donuts adds 4 new breakfast items that include
maple syrup
.
supply down
demand down
supply up
demand up
7
Donald Trump is the ________ president of the USA.
40th
50th
35th
45th
8
In the rap, who said that? "I don't get bent".
penny
nickel
dime
quarter
9
In the rap, who said that? "If you love colored paper, you'll just love me".
$10
$20
$1
$5
10
A news story celebrates the health benefits of the
blueberry
.
supply up
supply down
demand up
demand down
11
Activities that can satisfy peoples wants and needs.
goods
services
barter
debt
12
When deciding what price to charge I need to consider the ___________ _____ ________________.
cost of produce
cost of production
cots of produce
cottage of cheese
13
The value of a good or service stated in money terms.
prius
prize
prune juice
price
14
When the amount demanded exceeds the supply.
surplus
barter
supply
shortage
15
The trading of goods and services without money.
services
barter
debt
goods
16
How many children does President Trump have?
3
5
7
6
17
How much consumers are willing and able to buy.
surplus
demand
goods
supply
18
Apples, cars, duck boots, and cell phones are ___________________.
debts
consumers
goods
services
19
In the rap, who said that? "I've got a new deal for you".
nickel
dime
penny
quarter
20
If there are lots of 2016 calendars left over at the end of the year, there is a _____________.
Eva
surplus
sherbert
supply
21
Profit = Revenue - ___________________________.
cost of production
demand
supply
surplus
22
Unable to pay debt.
bancruptz
bankrypt
bankerupt
bankrupt
23
Pilots, teachers, and doctors provide a _________________.
shortage
surplus
porter
service
24
How many grand children does President Trump have?
8
5
7
6
25
How much producers are willing and able to produce.
demand
goods
supp
supply
26
All money made.
revery
revenue
rendezvous
review
27
If the supply goes up the market price goes _______________.
down
Olivia
up
Thomas
28
Objects that can be held or touched that can satisfy peoples wants and needs.
services
revenue
debt
goods
29
Trading a sandwich for a cookie is called __________________.
babble
bobble
Dalton
barter
30
When is President Trump's birthday?
July 14th
June 14th
June 24th
July 4th
31
If the demand goes down the market price goes _______________.
down
spencer
helen
up
32
Due to over fishing the
shrimp
harvested in 2014 is the lowest in years.
supply down
demand down
supply up
demand up
33
If the demand goes up the market price goes _____________.
Adam
Kota
down
up
34
In the rap, who said that? "My name is Bill".
$1
$5
$50
$20
35
How much $ will it cost to build EACH mile of the wall between Mexico and the United States?
more than 2 million (estimated)
1 million (estimated)
$100,000 (estimated)
1.5 million (estimated)
36
A __________________ purchases goods.
producing
producer
consume
consumer
37
People who use resources to make goods and services.
consumers
services
producers
goods
38
Ecuador doubles the quantity of
bananas
it sells to the United States.
supply down
demand up
demand down
supply up
39
The cost of all resources used in producing goods and services.
cost of production
cost of producks
cost of productivity
cost of produce
40
I bought my car for $1000 and sell it for $1500. I made a $500 dollar _______________.
debt
Jake
profit
goods
41
When the supply exceeds the amount demanded.
supply
demand
surplus
shortage
42
Kyle MacDonald is famous for ________________.
stock market
bartering
bankruptcy
balloon animals
43
In the rap, who said that? "Benjamin Franklin he's on my face".
$5
$100
$50
$1
44
The value stated in money terms is the ___________________.
price
supply
Amelia
debt
45
Money which is owed.
debt
debit
dweeb
detb
46
Many students are sickened after eating
haddock
sandwiches in their school cafeteria.
supply up
demand down
supply down
demand up
47
If there is demand for boots but no supply of boots, there is a _______________.
shortage
surplus
bankrupt
supply