study of producing, distributing, and consuming goods

the way a nation uses resources to satisfy needs/wants

When we give up one thing to do something else

market in which prices are steadily falling

company whose capital is typically between 500 mil.–1 bil

a company whose capital is typically less than 500 million

activity between buyers and sellers

drives decisions business owners make and effects price

a period of time in which the economy is shrinking

period which average price of goods/services rises sharply

alternating periods of economic shrinking and expansion

measure of inflation; tells if things are more expensive now

when resources we can produce are less than public demand

long-term fixed-interest bearing invest issued by corp & gov

an interest earning saving investment issued by a bank

when supply and demand are balanced

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Financial Management Post Test 1

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Economics Portion

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Questions 20

Answers

1
economics is
the way a nation uses resources to satisfy needs/wants
study of producing, distributing, and consuming goods
2
When the U.S. dollar is weak, foreign countries can buy more U.S. product
False
True
3
economic system is
the way a nation uses resources to satisfy needs/wants
study of producing, distributing, and consuming goods
4
Opportunity Cost is
When resources that we can produce are less than wants
When supply and demand are balanced; a stable price
Government’s role in the economy
When we give up one thing to do something else
5
A bear market is
market in which prices are trending higher
market in which prices are steadily falling
6
A mid cap is
company whose capital is typically between 500 mil.–1 bil
company whose capital is typically exceeds 1 billion dollars
a company whose capital is typically less than 500 million
long-term fixed-interest bearing invest issued by corp & gov
7
A small cap is
a company whose capital is typically less than 500 million
company whose capital is typically exceeds 1 billion dollars
long-term fixed-interest bearing invest issued by corp & gov
company whose capital is typically between 500 mil.–1 bil
8
market is
alternating periods of economic shrinking and expansion
period which average price of goods/services rises sharply
activity between buyers and sellers
9
Supply and Demand is
measure of inflation; tells if things are more expensive now
drives decisions business owners make and effects price
10
recession is
a period of time in which the economy is shrinking
a severe recession
11
inflation is
alternating periods of economic shrinking and expansion
period which average price of goods/services rises sharply
activity between buyers and sellers
12
When the US dollar is strong, we can import more goods
True
False
13
business cycle is
activity between buyers and sellers
period which average price of goods/services rises sharply
alternating periods of economic shrinking and expansion
14
CPI is
measure of inflation; tells if things are more expensive now
drives decisions business owners make and effects price
15
Scarcity is
when resources we can produce are less than public demand
when supply and demand are balanced
when we give up something to do something else
16
A bond is
company whose capital is typically between 500 mil.–1 bil
company whose capital is typically exceeds 1 billion dollars
an interest earning saving investment issued by a bank
long-term fixed-interest bearing invest issued by corp & gov
17
A CD is
an interest earning saving investment issued by a bank
long-term fixed-interest bearing invest issued by corp & gov
company whose capital is typically exceeds 1 billion dollars
company whose capital is typically between 500 mil.–1 bil
18
Price is the way we balance _______________ and _______________
Opportunity cost / scarcity
Aggregate policy / fiscal policy
Trade / equilibrium
Supply / demand
19
The first thing that led to the meltdown of 2008 was
deregulation of banking
excessive sub-prime loans
housing prices plummet
credit default swaps
20
Equilibrium is
when we give up something to do something else
when resources we can produce are less than public demand
when supply and demand are balanced

Financial Management Post Test 1 Flashcards | StudBud