stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Unit 2 Economics Review #1 Flashcards | StudBud
Explore
/
Unit 2 Economics Review #1
Unit 2 Economics Review #1
26 terms
·
StudBud Administration
·
425 plays
North Carolina CTE Exploring Business Marketing and Entrepreneurship. Unit 2
Flashcards
26 cards
F
Practice quiz
P
Host live
L
Questions
26
Answers
1
Amish, Indian Tribes, and Vanuatu are all of examples of which type of economy?
command
mixed
traditional
market
2
When stocks are going down it is considered a...
dead market
bear market
bull market
alive market
3
There is not a true version of which type of economy.
market
traditional
mixed
command
4
In this type of economy there are two types: Strong and Moderate.
market
mixed
traditional
command
5
The desire to own something and the ability to pay for it.
demand
supply
scarcity
Economics
6
Study of seeking to satisfy needs/wants through incentives, choices, and useof scarce resources
scarcity
demand
economics
supply
7
This type of economy self-regualtes.
command
traditional
market
mixed
8
Where shares of stock and other securities are bought and sold.
stock exchange
farmers market
stock market
security market
9
Mixed economy is a mix between market and what other type of economy?
command
traditional
mixed
market
10
This is a visual representation of supply and demand.
economics
equilibrium
market economy
supply and demand graph
11
This type of economy is primarily found in rural, undeveloped countries.
mixed
command
market
traditional
12
The Federal Reserves main job it to...
make sure you eat your veggies
regulate the money supply
monitor debit card transactions
protect the American people
13
A disadvantage of a command Economy is...
fewer choices in the market place
equal standard of living
taxes must be paid
private economic freedom
14
Which of the following is not one of the US stock exchanges?
NYSE
NASEFCP
American Stock Exchange
NASDAQ
15
In this type of Economy the government dictates what is produced.
command
traditional
market
mixed
16
A disadvantage of mixed economy is;
fewer choices in the market
equal standard of living
private economic freedom
taxes must be paid
17
In this type of economy the government takes care of peoples needs and market takes of wants.
mixed
command
market
traditional
18
An advantage of a mixed economy is:
private economic freedom
fewer choices in the market
equal standard of living
taxes must be paid
19
The Federal Reserve is also known as...
Supplier
The Holder of Gold
The Stock Market
The Central Bank of the United States
20
When stocks are going up it is considered a...
Dead Market
Bear Market
Bull Market
Alive Market
21
The point at which the supply and demand curve meet.
supply and demand graph
economics
market
equilibrium price
22
The physical location where stocks are listed, bought, and sold.
stock exchange
farmers market
stock market
members exchange
23
How much of a good or service is available at different prices?
Demand
Scarcity
Supply
Economics
24
Cuba, North Korea, and Sweden are all examples of this type of economy.
traditional
mixed
command
market
25
In this type of Economy decisions are based on customs and centered around the family.
market
traditional
mixed
command
26
The advantage in a command economy
fewer choices in the market place
equal standard of living
private economic freedom
taxes must be paid
