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Ch. 2 Economic Activity Flashcards | StudBud
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Ch. 2 Economic Activity
Ch. 2 Economic Activity
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Create 15 questions with 4 answer choices for each question.
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Questions
15
Answers
1
What is Interest Rate?
The percent of how much they give you
How much you used out of the loan
loaning people money
Cost of a loan is expressed as a percent of the amount used
2
What is Labor Force?
Being late to work and not getting enough money
having two jobs at once
All of the people in the nation that are capable to work
people that doesn't work
3
Which one of these are true about specialization?
being able to get more things
A production goods so products can be produced
Not being produced by products
not able to get more products to produce things
4
What is recession?
result in showdown
Sustained long term down term
The highest point of the economic expansion
A business cycle contraction
5
What is Stock Market?
when the value of stock is low
value of stock of business going up
A system and marketplace for buying and selling stock
when the value of stock is low
6
What is consumer price index?
money of price brings down
an index of the variation
measurement of inflation
decrease of general level
7
What is the Business Cycle?
moving while going up
moving on to the next
The alternating periods of expansion
more work of time
8
Which one is true about business cycle?
business going down
income going up
trading the prices
being a trade cycle
9
What is trough?
is a fixed income
buying an selling goods
A low turning point to be local
phase of business cycle
10
What is Unemployment Rate?
The percent of the civilian labor force that are unemployed
Not being able to have a job
having a low percent of people working
being able to work everyday
11
What is depression?
short term long term
sustained long term down term
trade cycle
high point short point
12
Which one is false?
The expansion is the highest point of the economic expansion
Bond is a fixed income
Stock market is buying goods
Business cycle is a trade cycle
13
What is Inflation?
The prices that goes down
Rate of change in prices calculated on a monthly basis
The interest of the price increasing
The rate of the interest in the price
14
What Is Productivity?
The financial well-being of the average person in a country
All of the above
being able to work a hour day or week
Measure of a worker’s production specific amount of time
15
What is GDP?
Gross Domestic Index
Gross Domestic Product
Gross Domestic Rate
Domestic Gross Product
