stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Unit 1 eco review Flashcards | StudBud
Explore
/
Unit 1 eco review
Unit 1 eco review
20 terms
·
StudBud Administration
·
371 plays
a quick review of eco terms
Flashcards
20 cards
F
Practice quiz
P
Host live
L
Questions
20
Answers
1
The four factors of production, excluding technology, are land, labor, capital and
Entrepreneurship
telegraphics
statesmanship
2
Low GDP, agricultural based eco, poor health conditions, high population rate, low literacy is
developing country
superpower countries
developed countries
3
A decrease in the total economic activity is a
expansion
peak
contracion
trough
4
Converting hard assets into cash is known as _
liquidity
solidifying
personalizing
5
Unions are financed through their membership _
fines
pensions
dues
gifts
6
The best source of product information, requires a subscription is _ _ _
FDIC
Fox news
News 4 jax
Consumer reports magazine
7
_ _ or discomfort index is used to describe the price of economic instability in human terms.
DJI
homelessness
misery index
state hospital residents
8
The economic system in which the gov minimizes its interference in the economy is a
monopoly
capitalistic
traditional
command
9
_ is the spreading of investments among several accounts or industries to lower overall risk is
democraticization
proliferation
smart
diversification
10
The PPI and the CPI both use _ _ to measure the price levels.
metrics
alegbra
market baskets
geometry
11
The economic system in which the economic decisions are made by the gov is a _ system.
command
traditional
mixed
capitalism
12
Rivalry among producers to win business is called
competition
exercise
comparison shopping
cooperation
13
In Florida the _ home is protected during bankruptcy proceedings
lake
primary
mountain
summer
14
The practice of using capital funds in a country other than you own, is known as
consumer fraud
smart business
capital flight
15
The oldest stock exchange in the US is the
NASDAQ
NYSE
American
16
Refusing to buy a companies product or use their services is called a _
strike
boycott
protest
17
Florida is a right-to-work state which means _ shops are illegal.
open
cash only
custom
closed/union
18
The economic system in which decisions are based on custom and belief is known as a _
mixed
command
traditional
jolly
19
Who investigates stock market fraud such as insider trading?
DOJ
FED
SEC
ACC
20
Humanitarianism, economics, politics, and to protect a nation's security are all reasons for
foreign aid
military assistance
cruises