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Final Review 2 Economics Flashcards | StudBud
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Final Review 2 Economics
Final Review 2 Economics
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1
Any place where people make exchanges for goods and services.
a home
a market
the vale
the capital
2
Your biggest allies when investing.
compound interest and opportunity cost
here and now
time and compound interest
space and time
3
The World's largest corporation:
Wal Mart
GM
Target
General Electric
4
The study of the economy as a whole is called:
Microeconomics
Macroeconomics
Reaganomics
Trickle down economics
5
An investor who believes that prices will rise is referred to as:
a bull
a trader
a bear
a fool
6
The study of the interaction between buyers and sellers is part of:
microeconomics
macroeconomics
government
sociology
7
Is used to help investors lower risk:
diversification
borrowing
activation
short trading
8
The NYSE was created by:
the Buttonwood Agreement
Bill of Rights
Mayflower Compact
the Constitution
9
Which of the following is an economic incentive?
Patriotism
Loyalty
Wages
Ambition
10
Owners of a corporation.
Banks
creditors
stock holders
everyone
11
The World's largest stock market is:
AMEX
SEC
NYSE
NASDAQ
12
The three basic questions of economics are:
if, not, now
what, how, who
what, when, and where
where, when, why
13
A way to make money in a "bear market":
short trade
invest
long trade
day trade
14
Which of the following is not an example of labor?
a train
a Lumberjack
a nurse
a truck driver
15
Stock in large, long established companies.
Penny
Blue Chip
Small cap
Preferred
16
In the Free Enterprise of market system what happens to businesses that are not profitable?
No one knows
the heavily influence market behaviors
they go bankrupt
they expand
17
When a company sells a product at a price that is to high the result is:
shortage
market confusion
unfilled orders
surplus
18
A person who organizes the factors of production to produce a product is know as a(n):
CEO
ghost
capitalist
Entrepreneur
19
Any stock trading below $5 per share is known as:
Common stock
blue chip stock
penny stock
small cap stock
20
A stock holders share of a corporation is known as the:
Surplus
Opportunity Cost
Interest
Dividend
21
A term referring to just enough to survive.
opportunity cost
mixed economy
economics
subsistence level
22
Created in the New Deal to regulate the stock market:
FEC
TNT
SEC
FCC
23
Scarce means:
limited supply
enough
an abundance
a great bounty
24
The free enterprise system or market economy is dependent on which of the following:
private property
government regulation
government control of resources
a well educated workforce
25
As prices rise producers will:
stop producing
produce more
produce less
become confused
26
Type of motorcycle ridden by Mr. Shirt.
Honda
Triumph
Harley
Kawasake
27
What advice did David Chilton give about buying a race horse?
risky but perfect for retirement
great long term investment
he was confused and refused to speak
don't do it
28
The board of directors of a corporation elected by:
Shirt and Wenturine
Congress
the companies stock holders
the people
29
Who is this?
Warren Buffet
George Bush
Bill Clinton
Bernie Sanders
30
A business owned by stockholders.
corporation
franchise
partnership
proprietorship
31
As prices rise consumers will:
stop buying
become confused
buy less
buy more
32
The study of scarcity and choice.
math
Literature
economics
government
33
An investor who believes that prices will fall is known as:
a day trader
a bull
a fool
a bear
34
Which of the following is not a capital resource?
factory
chain saw
lumberjack
money
35
For most people the best way to invest in stock is through:
private mortgages
hedge funds
US savings bonds
mutual funds
36
Which of the following identifies a problem that all individuals and societies face?
Dividends
scarcity
abundance
entrepreneurship