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New Mexico Economics Flashcards | StudBud

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What other economic systems are found in New Mexico?

What is the most widely accepted form of exchange in most countries?

New Mexico Economics

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Our State Economy

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Questions 10

Answers

1
What is the most widely accepted form of exchange in most countries?
Money
Bartering
Begging
Gold and Silver
2
What other economic systems are found in New Mexico?
Tribal economies
Traditional economies
Command economies
Animal-powered economies
3
What is a free enterprise market system?
An E.S. where the governor determines value and price
E.S. where supply and demand determine value and price
An E.S completely controlled by the government
An E.S. where all goods and services are free of charge
4
What does tourism do for our state's economy?
It hurts the economy
There is no tourism in New Mexico
It does not impact the economy
It helps the economy
5
Which resource do we have enough of to meet our needs?
Chilies
Coal
Bread
Water
6
What things are people saying shouldu be slowed down because of this issue?
Rate of inflation and population
Rate of urbanization and pollution
Rate of urbanization and population growth
Rate of population growth and pollution
7
Which of the following is NOT something that banks do?
Pay people interest for keeping money in the bank
Provide loans for people
Use you money to go on vacations
Help people manage their money
8
Which is NOT an example of trade?
Selling your old bicycle
Exchanging your old hoodie for your friend's baseball cap.
Taking something without paying for it
Buying lunch
9
Relying on others to make products we need in exchange for the products we specialize in is:
Interdependence
Cultural awareness
Economic sharing
Specialization
10
Our free enterprise system directly impacts decisions at all levels of government except:
Tribal government
Local government
Provicial government
State government