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Entrepreneurship and Economy Flashcards | StudBud
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Entrepreneurship and Economy
Entrepreneurship and Economy
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Questions
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Answers
1
If a Bussiness cannot make a profit from one sale can it make a profit?
No
Yes it can
I'm not sure
All of the above
2
What's another word for market economy?
Command
Free enterprise system
Communism
bilingual
3
____ are goods coming in from another country
Imports
exports
French bread
Lotion
4
What is the economic system when the government controls the economy
Command
Free enterprise
Market
Animal farm by georbe Orwell 1958
5
_____ are goods going out of the country and to foreign consumers
Exports
Mark economy
Imports
Command economy
6
_____ are goods going out of the country and to foreign consumers
Mark economy
Imports
Exports
Command economy
7
Whats an example of a command economy
all of Europe
America in like a month
Soviet Union (communism)
Iceland
8
True or false? Trade barriers are goverment restrictions on trade.
True
False
9
As supply goes up demand goes ___?
Down
Thursday
Sideways
The third friday of march 2040
10
What are the types of economic systems?
Market and command
Exports and imports
Yes.
none of the above
11
True or false? Supply is how willing customers are to buy the product.
True
uncomprehensible
False
no.