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Economic Topics Flashcards | StudBud
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Economic Topics
Taxes are
This form of payment helps you stay within your budget
Economic Topics
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Questions
22
Answers
1
This form of payment helps you stay within your budget
credit cards
cash
checks
debit cards
2
Taxes are
required
optional
3
Which of the following is a want?
Shelter
Food
Water
Car
4
What are the 3 factors of production?
Human resources, natural resources, capital resources
Human resources, market resources, career resources
Taxes, factors of production, scarcity
Scarce resources, wants, needs
5
This form of payment helps you build credit
checks
cash
credit cards
debit cards
6
This form of payment is a written directive to your bank
cash
credit card
debit card
check
7
Squidward is an example of
human resource
capital resource
natural resource
8
Some resources are scarce, while others are not
False
True
9
Supply is defined as
how much is available to buy
if people want it
10
Which of the following is a need?
Shelter
Car
Books
Desert
11
People have ____ wants and needs, but ____ resources.
unlimited, limited
limited, unlimited
limited, limited
unlimited, unlimited
12
Medicare and Social Security are examples of
private programs offered by employers
government programs paid for by taxes
13
Stocks represent partial ownership in a company
True
False
14
Demand is defined as
how much is available to buy
If people want it
15
All careers require similar education and certification
False
True
16
Ingredients in a Krabby Patty are examples of...
captial resources
natural resources
human resources
17
Supply and demand influence...
what is sold
what is produced
prices
how much is produced
18
Taxes pay for
private businesses
military
schools
airplanes
19
Taxes are paid to
the government
businesses
20
The Krusty Krab is an example of a...
capital resource
natural resource
human resource
21
The stock market is
a physical location where people trade stocks
a system where people trade stocks
22
When supply is low but demand is high...
prices go up
prices stay the same
prices go down
