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Economic Final 2023 Flashcards | StudBud
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Economic Final 2023
Economic Final 2023
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Economic Final
Flashcards
49 cards
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Questions
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Answers
1
This describes stock market with a lot of trading and high prices
bull market
bear market
turkey market
dog market
2
Goods and services made by a country anywhere in the world
Gross portfolio
Gross trade
Gross national product
Gross domestic product
3
This law prevents mergers
Anti-Monopoly Laws
Merge Reduction Laws
Anti-Oligopoly Laws
Anti-Trust laws
4
having limited resources and unlimited wants
substitution effect
elastic
scarcity
gross
5
Gross is
money before taxes
resource
stock
money after taxes
6
These are bills that totals stay the same every month
fixed cost
elastic
inelastic
subsidy
7
This is when a company has a legal identity
oligopoly
conglomerate
corporation
general partnership
8
Tax document that states how many people are being claimed/supported.
K-9
529
401 K
W-2
9
This is to substitute a product with a cheaper one
demand
substitution effect
elastic
total out put
10
What happens when money is taken out of a CD before the maturity date?
only get 1/4 of principal
only get 1/2 of principal
only get 1/2 of the interest
loose all interest
11
What agency regulates the stock market
SEC
FiCO
The Fed
FCC
12
What kind of merger is it if a bakery buys an oven company?
Vertical
Horizontal
13
If Target bought Walmart it what kind of merger would it be?
vertical
horizontal
14
Which is not a stock index..
wall street
NASDAQ
S&P 500
NYSE
15
Home mortgage with varying interest month to month is called..
variable mortgage
prime rate mortgage
flexible mortgage
adjustable rate mortgage
16
This is a market is controlled by a few co.
oligopoly
collusion
monopoly
cooperation
17
economy where the gov. owns all property and decisions are based on need not luxuary
capitalist
traditional
free market
command
18
This is a company with branches in other countries is said to be..
national
international
multi cultural
conglomerate
19
This describes a stock market with low trading and low prices ...
Dog Market
Bear Market
Bull Market
Turtle Market
20
supply of a product can be changed in response to demand
elastic
subsidy
inelastic
fixed
21
net is....
hot stock
money kept before taxes
a mortgage
money kept after taxes
22
This is a company that continues after the owner dies
Unending Story
Never Ending Life
Unlimited Life
Everlasting Life
23
This type of economy is driven by supply and demand and property is privately owned
traditional
command
capitalist
24
In this system decisions are based on ritual and custom
capitalist
traditional
command
free market
25
A new stock that is doing well is called....
junk bond
hot issue
closely held
dog
26
When do people take money out of their 401k?
depends on terms of account
whenever they want
when they are 65
never their children inherit it
27
These are people who buy goods and services
inventors
consumers
entrepreneurs
interns
28
This is a payment made 2-5 years into an ARM Mortgage
Balloon Bonanza
Balloon payment
Balloon bonous
Balloon rate
29
Not investing your money all in one type of investment
net
portfolios
default
diversification
30
What type of resource is a hammer?
all the above
capital
human
natural
31
This is when workers do not work till their demands are met...
impasse
boycot
strike
passive resistance
32
Fico score is ..
Date a payment is due
interest rate on loan
the equity in your home
credit rating
33
What is the longest period of time a fixed mortgage can be taken out...
30 years
20 years
25 years
15 years
34
When a company is owned by a few people it is called..
closely held
oligopoly
limited life
cash cow
35
Type of resource where people use their knowledge and skills
land resource
capital resource
natural resource
human resource
36
This is a willingness to buy a product at a particular price
asset
wish
demand
want
37
This agency makes sure principals are insured up to one hundred thousand
The Fed
FCC
FDIC
SEC
38
This is a report showing all a person's purchases and payments
credit report
credit card
Experian
FICO
39
This is when a third party tries to help workers and magangement come to an agreement
intervention
conference
strike
mediation
40
A person who creates a new product or service is called
developer
inventor
founder
entrepreneur
41
This is a group organized to represent the workers in negioation, with management
Union
Committee
Crew
Cohort
42
Term used to describe a person who works during a strike
floater
stitch
scab
bandage
43
This is a license to start a co.
cd
permit
charter
tender
44
This is when the gov pays money to help business that are suffering and in danger of going out of business..
variable
collusion
subsidy
inelastic
45
Thinking about supply and demand formula if Supply is up and price is down what is demand?
up
down
46
This is the measure of what a country makes within its physical borders?
gross product
elastic demand
Gross domestic product
Gross national product
47
This is an investor who buys when stock is low and waits for prices to go up.
Bull Market
Bottom Fisher
Hot issue
Bear Market
48
What is the difference between a 401k and a mutual fund?
401k is deducted out of your check
mutual fund is given after 65
401k is protected
mutual fund is protected
49
The usefulness of product wears out with use. This is called.....
elastic
demising margin utility
in elastic
margin utility