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What do you know about Economics ? Flashcards | StudBud
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What do you know about Economics ?
What do you know about Economics ?
20 terms
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StudBud Administration
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22 plays
Economics Basics, First Day Quiz
Flashcards
20 cards
F
Practice quiz
P
Host live
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Questions
20
Answers
1
Economics has how many letters in it?
Nine
Ninety
Ten
Eight
2
What is the Capital of Iowa?
Lincoln
Davenport
Auckland
Des Moines
3
The homecoming theme is?
A Day at the Beach
Hollywood Nights
Welcome to the Jungle
A Night in Wonderland
4
What is Scarcity
A very Scary City
Unlimited wants and limited resources
A popular Economic Model
It is a shortage of goods and services
5
Who is the person below?
Ronald Reagan
Ben Bernanke
Tom Hanks
6
Why is it important to know a little about Economics
Knowing stuff is important
essential to understanding the world in which you live..
In order to run a busines
Understand something
7
What is Economics?
How we use tools to make our economy run
The Economy
How resources are used to get peoples needs and wants
How business work in the real world
8
On average how much do you think a Economist makes
$100,000
$78,000
$65,000
$40,000
9
What does the "The Fed" stand for?
The Federal Reserve Bank
The Federal Government
Short for I'm Fed up!
Brittney Spears Ex-Husband
10
Tribes in the Amazon Rainforest probably operate with this type of Economic System
Mixed Market
Command
Market
Traditional
11
Three of these are economic concepts. Pick the correct three.
Needs, task, Work
Needs, Wants and Demand
Needs, People and Wants
12
The "next best thing" you gave up when you made a decision is called?
A bad choice
Tradeoffs
Opportunity Cost
Economic Principles
13
Pick which one you think is the correct word in economics for wanting more?
Supply
Want
Having more
Demand
14
How does economics show real life things?
Talking about it
Using Models
Using rules
On graphs
15
Which of these is not one of 7 Economic Principles
Entrepreneurship
Scarcity Forces Tradeoffs
Cost vs. Benefits
Furture Consequences Count
16
Bonus Question: Who does ALHS play Friday night?
SCW
SCN
Lewis Central
SCE
17
Who is Adam Smith?
Person in charge of RBNZ
Former President
The First U.S. Treasurer
Father of Economics
18
What is the most common economic system in the world?
Command
Traditional
Mixed Market
Market
19
Needs are a concept in Economics what is it?
Items we think we need but don't really
Things that we need to survive
Things
Stuff we demand to have
20
How many Economics teachers are there at ALHS?
4
3
2
1
