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Unit 1 eco review Flashcards | StudBud
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Unit 1 eco review
Unit 1 eco review
20 terms
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a quick review of eco terms
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
Refusing to buy a companies product or use their services is called a _
strike
protest
boycott
2
Florida is a right-to-work state which means _ shops are illegal.
open
custom
cash only
closed/union
3
Who investigates stock market fraud such as insider trading?
SEC
ACC
DOJ
FED
4
The economic system in which the gov minimizes its interference in the economy is a
command
capitalistic
monopoly
traditional
5
_ _ or discomfort index is used to describe the price of economic instability in human terms.
homelessness
misery index
state hospital residents
DJI
6
In Florida the _ home is protected during bankruptcy proceedings
primary
summer
mountain
lake
7
Low GDP, agricultural based eco, poor health conditions, high population rate, low literacy is
superpower countries
developed countries
developing country
8
Converting hard assets into cash is known as _
personalizing
solidifying
liquidity
9
The four factors of production, excluding technology, are land, labor, capital and
Entrepreneurship
telegraphics
statesmanship
10
_ is the spreading of investments among several accounts or industries to lower overall risk is
diversification
proliferation
smart
democraticization
11
The economic system in which decisions are based on custom and belief is known as a _
mixed
command
traditional
jolly
12
Unions are financed through their membership _
fines
pensions
gifts
dues
13
The economic system in which the economic decisions are made by the gov is a _ system.
command
traditional
mixed
capitalism
14
A decrease in the total economic activity is a
expansion
contracion
trough
peak
15
The practice of using capital funds in a country other than you own, is known as
smart business
capital flight
consumer fraud
16
The PPI and the CPI both use _ _ to measure the price levels.
geometry
alegbra
market baskets
metrics
17
The oldest stock exchange in the US is the
American
NASDAQ
NYSE
18
Rivalry among producers to win business is called
comparison shopping
cooperation
competition
exercise
19
The best source of product information, requires a subscription is _ _ _
Consumer reports magazine
Fox news
News 4 jax
FDIC
20
Humanitarianism, economics, politics, and to protect a nation's security are all reasons for
foreign aid
cruises
military assistance