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economics-xii
economics-xii
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Questions
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1
Both Social Darwinism and classical economics agree that
free competition promotes human progress
humans are descended from lower animals.
government ownership of business is desireable
the government should ease the lot of the poor
2
An entrepreneur must also understand economics, finance, marketing and management concepts.
Problem Solving Skills
Math Skills
Communications Skills
Basic Business Skills
3
Getting tougher now...What is the most fundamental problem of economics?
Scarcity
Security
Health
The fact that Turkey buys more goods from foreigners than we
4
What is economics?
All 3
Transfer of resources
Consumption of resources
Production of resources
5
1. Economics can be defined as ___________.
Science of Humans
Science of Numbers
Not a science
Science of Choice
6
Is globalization part of economics?
No
Yes
7
Economics is about making ___.
Money
Capital
Resources
Choices
8
What is economics?
The way a country manages its money and resources.
People depend on each other
things we use to satisfy our wants and needs
Money, goods, services, supply, and demand
9
Economics is the study of
Government deciding what to produce
Consumers deciding what to buy
People allocating limited resources to satisfy unlimited wants
People controlling money in an economy
10
The theory of laissez-faire economics was used during the late 1800s to....
support Progressive programs
achieve equal distribution of income
justify unregulated business growth
call for more consumer protection
11
Branch of economics which studies inflation, GDP, employment rates.
Trump Capitalism
microeconomics
Obamanomics
macroeconomics
12
The study of economics that focuses on decisions on a national or global level.
Fiscal Policy
Macroeconomics
Microeconomics
Civics
13
The study of economics that focuses on individual decisions.
Monetary Policy
Microeconomics
Macroeconomics
Civics
14
The branch of economics that deals with individual actors (small scale problems) is ____.
marginal analysis
scarcity
microeconomics
macroeconomics
15
Why should we study Economics?
to help us get to sleep
to become better decision makers
to describe our standard of living
to increase consumption of consumer goods
16
Branch of economics which studies consumers, producers, goods and services.
microphonic
micro-managing
microbiology
micro economics
17
Wrote the "Wealth of Nations"; father of modern capitalistic economics; laissez-faire.
Thomas Hobbes
Adam Smith
Montesquieu
Adam Levine
18
This cohort has had a huge influence on American culture, politics, and economics.
baby busts
generation Z
generation X
baby boomers
19
If I could go back to university, I ___ ___ a degree in economics.
am doing
would do
would doing
will do
20
11th Grade Economics: What is meant by a "Bull Market"
The market prices are rising
The market prices are falling
The market prices are fake
The market prices remain constant
21
A barter system of economics can be defined as:
selling your car
buying veggies at the farmer's market
the buying and selling of goods and services
people trade goods or services for what they need
