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