stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Economics Flashcards | StudBud
Explore
/
Economics
Economics
21 terms
·
StudBud Administration
·
1,175 plays
Economics
Flashcards
21 cards
F
Practice quiz
P
Host live
L
Questions
21
Answers
1
This keeps prices low and quality high.
Income
Specialization
Interest
Competition
2
Hawaii is one of the worlds leaders in Pineapple and banana production. This is an example of?
Specialization
Opportunity Cost
Price incentive
Fruit Champions
3
Would 2 countries trade with each other if they each wanted what the other country produced?
Yes
No
4
Would Hibbett Sports be a Government function, a Bank, a public service or Private Business?
Private Business
Government Function
Public Service
Bank
5
Which of these is an example of Price incentive?
All of the above
50% of when you talk in an English accent.
2 for 1 tacos on Friday the 13th
Buy one car get one car free
6
What do households provide that is essential to the economy?
Both A and B
B- They consume goods and services.
Neither A and B
A- provide labor that builds, produces provides services.
7
Little coffee is grown in the US. Both Colombia and Brazil grow coffee. How can US get coffee?
Trade with Columbia and Brazil.
All of the above.
Trade with Brazil.
Trade with Columbia.
8
This is the money you earn from selling your labor?
income
cash
poroductivity
labor
9
Which of these is a reason to start a budget?
Trying to save money.
Always running out of money
Both are good reasons to start a budget
Neither are good reasons.
10
This is the study of how governments and people use and distribute money and goods.
Productivity
Price incentive
Opportunity cost
Economics
11
This is a special price that encourages the buyer to buy.
Opportunity cost
Economics
Price incentive
Specialization
12
Henry Ford used the assembly line to mass produce automobiles. This is an example of what?
Price incentive
Fast Eddie Car Dealership
Opportunity cost
Specialization
13
This is an example of what?
Productivity
Specialization
Price incentive
Opportunity cost
14
Foods from best to worst is taco, pizza, steak and soup, what is opportunity cost only get 1?
soup
Steak
Taco
Pizza
15
Which of these is a function of a bank where people keep their money to save for long periods of time?
Opportunity Cost
Checking Account
Loans
Savings account
16
How does the government get money for publics services?
By selling products
From taxes
From Due Prrocess
By serving on a jury
17
The next best choice you give up when you make a choice.
Specialization
Economics
Price incentive
Opportunity cost
18
Which of these is not a public service provided by the government?
Police
Roads and Bridges
Firefighters
Grocery Store
19
Which of these is when a bank lets you borrow money?
Loans
Savings Account
Checking account
All are when a bank lets you borrow money.
20
How are public services such as libraries, roads and schools paid for?
George Washington
Taxes paid to the government
Price Incentives
Rich people
21
This is when you become an expert at doing something specific through practice and education.
Productivity
Specialization
Price incentive
opportunity cost