stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Businesses and our Economy Flashcards | StudBud
Explore
/
Businesses and our Economy
Businesses and our Economy
27 terms
·
StudBud Administration
·
11 plays
A Civics and Economics game to review a unit on businesses in our economy
Flashcards
27 cards
F
Practice quiz
P
Host live
L
Questions
27
Answers
1
What type of union situation exists if a person must be a member in order to obtain a job?
Right to work state
Mandate union
Open shop
Closed shop
2
What type of goods are provided by the government?
Private goods
Public goods
3
What occurs when two or more companies combine to form a single business
Merger
Binary
Walmart
Corporation
4
type of union where a person has option of joining-is not required in order to get/keep a job?
union state
open shop
closed shop
right to work state
5
What type of business uses its profit to further achieve its purpose or mission?
Merger
Corporation
Non profit
Stock company
6
What type of business owned by a lot of people via stocks?
Conglomerate
Co op
Partnership
Corporation
7
What type of business occurs when the users are the owners?
Corporation
Sole Proprietorship
Partnership
Co Op
8
What type of laws are intended to deal with issues concerning monopolies?
Antitrust laws
Conglomerate Laws
Merger Transpirations
Trust Laws
9
What governmental agency ensures that workplaces are safe for their employees?
NASA
FDA
OSHA
FTC
10
What type of merger occurs when unrelated businesses combine?
Conglomerate
Corporation
Vertical
Horizontal
11
the dollar value of all final goods & services produced in a country in a year
gross domestic product
transparency
fiscal policy
measurable profit
12
What is an unintended side effect of an action?
Externality
Marxism
Polarity
Inflation
13
What situation occurs when all members of a union refuse to work?
Lockout
Boycott
Strike
Pickett
14
federal government’s use of spending and taxation policies to affect overall business activity
inflation
fiscal policy
real GDP
expenditures
15
market situation where costs of production are minimized bc a single firm produces the product
natural difusion
natural oligarchy
natural monopoly
natural physiology
16
What takes place when real GDP goes down for six straight months?
Boom or bust
Inflation
Recession
Depression
17
all members of a union refuse to purchase their firm’s goods or services
pickett
lockout
strike
boycott
18
What is a sustained increase in general level of prices?
hyperflation
real GDP
GDP
inflation
19
What is a combination of two/more companies to form single business?
Distopia
Corporation
Conglomerate
Merger
20
the % of people in the civilian labor force who are not working but are looking for jobs
unemployment rate
civilian labor force
employment factor
rate of employability
21
What is the alternating intervals of growth and decline of an economy known as?
infrastructure cycle
GDP
real GDP
Business cycle
22
a group of workers that join together in an attempt to better their conditions called
labor union
economists
faction
factory workers
23
What type of market exists when there is rapid economic growth, high profits, low unemployment?
Penguin market
Market expansion
Bull market
Bear market
24
3rd party tries to work w/mgmnt &the union to solve differences but it is
NOT
legally binding
arbitration
mediation
docket
symphony
25
a measure of change in price over time of a specific group of goods and services?
Consumer Price Index
Hyperflation
real GDP
GDP
26
What is a business owned by one person called?
Conglomerate
Sole proprietorship
Entrepreneurship
Merger
27
What is a business owned by a few people?
merger
oligarchy
partnership
sole proprietorship
