Choose a definition for planned economy

Based on an economy controlled by State.

Subsistence economy is the one

In which the propose is to survive

Which factors make Globalization possible?

Technology and means of transport

In a restaurant, which is the capital?

Tables, computer, chairs, cutlery

Which are natural resources in a farm?

Potatoes, tomatoes, cows, cucumber

Choose the correct definition for Economic Activity

It's carried out by humans to satisfy their needs

Globalization consist of

The exchange of goods, culture, knowledge and capital.

How are economic goods produced?

Thanks to Factors of production

Give a correct definition for Services

Activities carried out by humans to benefit society

Goods wich can be divided into products and services

Choose the correct definition for products

Goods obtained directly from nature or turned into something

Which are the Factors of production?

Entrepreneurship, natural resources, capital, labor

studbud

Economics

21 termsStudBud Administration99 plays

#economics#basicconcepts

Flashcards21 cardsFPractice quizPHost liveL

Questions 21

Answers

1
"They sell the goods to make a profit"
State
Entrepreneurs
People and families
Natural resources
2
One of the advantages of Globalization is
The possibility of buying things from all over the world
All the answers are right
Products being cheaper
The increase in the supply
3
Choose a definition for planned economy
Based on a free market economy and private property
Based on an economy controlled by State.
Mixed economy where the State takes care of the well-being.
Based on production for self-consumption
4
Offers services to citizenship thanks to taxes collected; Stablishes Laws society must follow
Capital
Families
Factories
State
5
Subsistence economy is the one
In which the propose is to survive
Based in the supply and the demand law.
In which the State controls the supply and the demand
in which the purpose is making a profit
6
Which factors make Globalization possible?
Multinational enterprises
Technology and means of transport
All the answer are correct
opened countries borders
7
In a restaurant, which is the capital?
Tables, computer, chairs, cutlery
Tables, cutlery, waiter, chairs
Tables, food, chairs, computer
Tables, computer, chairs, chef
8
Kind of economy just based on the supply and the demand law.
Planned economy
Subsistence economy
Mixed economy
Free Economy
9
Which are natural resources in a farm?
Potatoes, tomatoes, fish, carrots
Tomatoes, potatoes, iron, carrots
Tomatoes, cows, potatoes, farmer
Potatoes, tomatoes, cows, cucumber
10
"they pay taxes to the State"
Entrepreneurs
Entrepreneurs and families
Politicians and entrepreneurs
People and families
11
One of these statements is a Globalization Disadvantage:
Exchange of knowledge
Advance in technology
Earth Pollution
Multinationals
12
Choose the correct definition for Economic Activity
Economic Activity is carried out by State to make a profit
Economic activity is carried out by humans to make a profit
It's carried out by business to satisfy their needs.
It's carried out by humans to satisfy their needs
13
Globalization consist of
The exchange of goods, culture, knowledge and capital.
Products being more expensive than in the past
A limit supply of products
Inner trade without any foreign competence.
14
How are economic goods produced?
Thanks to Factors of production
Thanks to Economic Agents
Thanks to nature
Thanks to State
15
Give a correct definition for Services
goods obtained directly for nature or turned into something
Goods produced in factoies
Activities carried out by humans to benefit society
Activities carried out by humans to benefit State
16
Which are Economic Agents?
State, natural resources, families
State , capital, families
State, families, factories
State, factories, natural resources
17
Humans needs are
Services wich can be divided into goods and products
Products wich can be divided into goods and services
Goods wich can be divided into products and services
Goods which can be divided into products and things
18
"They are economic agents that produce goods and services and comsume them at the same time"
Factories
Families and people
State
Capital
19
Choose the correct definition for products
Are activities carried out by State to benefit itshelf
Goods obtained directly from nature or turned into something
Are activities carried out by entrepreneurs to benefit State
Are activities carried out by humans to benefit society
20
kind of economy based on the supply and the demand law but State makes laws to control market
Subsistence
Free Economy
Planned Economy
Mixed economy
21
Which are the Factors of production?
Entrepreneurship, capital, State, labor
State, natural resources, entrepreneur, capital
Entrepreneurship, natural resources, capital, labor
Natural resources, entrepreneurship, capital, State

Economics Flashcards | StudBud