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Marketing Chapter 3 Flashcards | StudBud
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Marketing Chapter 3
Marketing Chapter 3
25 terms
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StudBud Administration
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103 plays
Quiz over economics
Flashcards
25 cards
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Practice quiz
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Questions
25
Answers
1
Statistics that describe a population
Market Segment
Demographics
Customer profile
Psychographics
2
Which of the following is NOT a cause of a recession?
Fear
Stock crash
Drought
War
3
The difference between wants and needs and available resources is ...
scarcity
depression
unemployment rate
recession
4
Which of the following is controlled by congress?
Interest Rate
Consumer prices
Stock prices
Tax rate
5
An economic system in which there is no government involvement in economic decisions
Communism
Socialism
Market Economy
Command Economy
6
The Federal Reserve sets what?
Fiscal Policy
Monetary Policy
Tax Policy
Spending Policy
7
Economic goals include all of the following except...
Stable Prices
Lower Taxes
Economic Growth
Full Employment
8
In a recovery stage of the business cycle, what should the Fed do to avoid inflation?
Decrease Interest Rates
Increase the Interest Rate
Increase Taxes
Increase Government Spending
9
Economic-political system in which the government controls the means of production
Socialism
Communism
Capitalism
Marketism
10
The business cycle includes all of the following except...
Recovery
Investment
Recession
Expansion
11
The monthly Non Farm Payroll report gives information on which of the following?
Farm goods produced
Number of farm workers during the month
Number of cattle sold
Number of jobs created in the economy during the month
12
Money left after paying for basic necessities
disposable income
disproportionate income
discretionary income
distributed income
13
The GDP growth rate is slowing, consumer prices are decreasing, and unemployment is increasing
The President should increase the stock market
The Fed should increase interest rates
The Fed should reduce interest rates
Congress should increase taxes
14
Which action is an example of fiscal policy in response to a recession?
Decrease Government Spending
Reduce Taxes
Increase Interest Rates
Increase Taxes
15
Forced socialism where almost all of the productive resources are owned by the government
Communism
Capitalism
Socialism
Free Market
16
Drake's first name is...
Andrew
Alex
Aubrey
Anderson
17
The classification of a market into smaller, identifiable groups
Demographics
Market Segmentation
Psychographics
Market Ananlysis
18
The cost of borrowing money
Interest
Coupons
Fees
Refunds
19
Which of the following is not used to gauge the health of the economy?
Gross Domestic Product
Unemployment Rate
Tax Rate
Consumer Price Index
20
The total value of all goods and services produced in a country
Prodiuctivity
Output
Consumer Prices
Gross Domestic Product
21
Rapid increase of prices
Flotation
Aspiration
Deflation
Inflation
22
Which of the following is not one of the factors of production?
Government
Land
Labor
Entrepreneurship
23
People who have the ability and willingness to work actually employed in paying jobs
Employment Rate
Labor Participation Rate
Productivity
Inflation
24
Cornell Iral Haynes Jr is also known as ....
Flo Rida
Fetty Wap
DJ Snake
Nelly
25
Food Stamps are an example of ...
Tax Policy
Monetary Policy
Fiscal Policy
Interest Rates
