stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
The Civics FINAL Flashcards | StudBud
Explore
/
The Civics FINAL
The Civics FINAL
36 terms
·
StudBud Administration
·
585 plays
Finalexamprep
Flashcards
36 cards
F
Practice quiz
P
Host live
L
Questions
36
Answers
1
A third world country would most likely have a:
Mixed Economy
Traditional Economy
Command Economy
Market Economy
2
Wat are the FOUR factors of production?
Natural resources, labor, capital, and entrepreneurship
Capital, stocks, bonds, money
Natural Resources, taxes, stocks, government
Labor, Taxes, Loans, Corporations
3
Generic brands typically...
are not safe to use
are cheaper than name brands
are more expensive than name brands
do not sell well at all
4
Which of the following is a cost of production:
transportation
All of These
raw materials
wages
5
Imagine the United States gov't took over all forms of restaurants (like communism)...this is:
Outsourcing
Localization
Nationalization
Social Security
6
Which of the following will damage your credit score:
paying for expensive items with cash
using a debit card at a hotel
paying bills late
Having multiple accounts
7
When you buy a US bond, you are buying from:
other bond holders
corporations
A national bank
The Federal Government
8
A sickout is an example of a(n):
illegal activity
collective bargain
picket
job action
9
Large companies that sell stock are most likely
Sole Proprietorships
Corporations
None of these
Partnerships
10
The right of union members to negotiate with management is known as:
Striking
Job Action
Collective Bargaining
Creative Thinking
11
Socialism guarantees all of the following except:
affordable housing
low taxes
free education
universal healthcare
12
River travel is difficult mainly due to...
weather and water levels
cost and risk
high speed
governmental interference
13
Government can raise money through:
bonds and taxes
bonds and CD's
stocks and labor
Savings and Loans
14
Wholesalers buy FROM
The internet only
Consumers
Manufacturers
Retailers
15
Most of the goods shipped within the USA are from
airplanes
large trucks
helicopters
boats
16
The following is the true head of a corporation
Manager
Board of Directors Member
Stockholder
CEO
17
When a supplier has too much of his/her product...
Surplus
Bundle
Equilibrium Price
Shortage
18
FDR bankrupted the___________ to help get the country out of the Great Depression
farmers
government
banks
stock markets
19
Buyers will demand greater amounts when prices are lower is The
Law of Equilibrium
Law of Demand
Law of Supply
Law of Capitalism
20
The problem of limited resources like natural gas
interest
extinction
cost-benefit principle
scarcity
21
The term for a group of people standing outside their workplace holding signs...
filibustering
picketing
Sit-down strike
sick out
22
Looking at the business cycle, if prices of products become TOO inflated, what will happen?
Expansion will double
Another depression will occur
Contraction stage begins
Trough will begin
23
The President who created the "New Deal" was:
Wilson
Harding
Hoover
Roosevelt
24
Inflation can cause the prices of goods and services to:
fall
rise
stay the same
disappear
25
IN an expansion, we know that this will undoubtedly increase:
UPC
GDP
sale of government bonds
CIA
26
The FDIC was created; thus, it insures this amount of your account's $.
$100, 000
$220,000
$250,000
$500,000
27
If your money is in liquids, then it is
easy to get out and use
drinkable
automatically taxed and penalized
difficult to get out and you can lose much of it
28
Which of the following is NOT liquid and early withdrawl means penalty assessed:
Checking Account (debit card)
Money Market Account
Savings Account
Certificate of Deposit
29
North Korea's government and economy are considered:
Satanism
Socialism
Capitalism
Communism
30
A down payment (or partial payment) is included in a(n):
interest
balance
installment
mass production
31
The Great Depression took place throughout MOST of the:
1930's
1940's
1860's
1920's
32
Laissez-faire means that:
government should be involved
government has certain rights over its citizens
government should stay out
Communism takes effect
33
Socialism still actually, unlike communism, allows some
tax exemptions
private ownership
34
Communism father Karl Marx...
Owned more property than any man ever
wrote the play Cinderella
wrote a book on Economics
invented the internet
35
The amount left over after a business takes in after all expenses are paid:
Taxes
stocks
Profit
Capital
36
Using certain principles to provide goods and services on a large scale...
mass production
Entrepreneurship
Free Trade
Supply and Demand