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Economics Quiz Flashcards | StudBud

Explore/Economics Quiz

Economics Quiz

13 terms·StudBud Administration·31 plays

Includes surprises.

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Questions 13

Answers

1
What is our economic teacher's name ( ͡° ͜ʖ ͡°)
Luckas Adam
Lukas Adams
Luckas Adams
Lukas Adams
2
Components of DGP
Government spending
Consumer Demand
None
Business Investment
3
What are the types of unemployment?
Cyclical unemployment
Frictional unemployment
Structural Unemployment
Scarcity Unemployment
4
What is scarcity
People are scarce
Resources are scarce, but not wants
Wants are scarce, but resources are not
Every one can't have what they want
5
What is consumer demand
A feature of the Illuminati
what you want
What a consumer can and will buy
What a consumer needs
6
What are monopsonies
One buyer, lots of sellers
One seller, lots of buyers
A govrnment controled market
Government collapse, and capitalism reigns
7
Types of economic systems
Capitalism, Marxism, and Communism
Feudalism, Capitalism, and Socialism
Free Market, Centrally Planned Market, and Mixed Economy
The proletariat and the Bourgeoisie
8
Shifters of Supply
TRIBE
ROTTEN
TRIBES
ROTEN
9
There are 3 pictures of Mr.Wheeler in the room
True
False
10
Shifters Of Demand
CHIEF
TRIBES
TRIBE
ROTTEN
11
What are The Factors of Production?
Land, Workers, Capitalism, Enterprenuers.
Rescources, Money, Effort, Companies
Monopoly, Laissez-Faire, Capitalism, Monoscopies
Land, Labor, Capital, Enterprenurship
12
Economics focuses on:
Scarcity
The illuminati
History
Money
13
Real components of GDP
Government Spending
Trick Question
Net Exports
Cosnumer Spending