Economics Final Exam Review

Coins and paper bills used as money.

The largest and most powerful organization where stock is traded in the US is –

Which type of firm typically has the longest life span?

"The most desirable alternative given up as the result of a decision" is known as –

Which of these is not a VARIABLE cost?

Which movie is this from, "I'm gonna make him an offer he can't refuse"?

A business organization owned by stockholders is a 

Who's friend has 3 kids, they're all 3, and his crew has always been good without a plan B?

From the movie Antz, what is the name of this character?

Who uses a walkie-talkie just to get a beverage?

An economic system that permits the conduct of business with minimal government intervention

A good that replaces another demanded good

Land, labor, and captial are known as –

The central banking system of the US is known as the – 

Goods for which the demand falls when income rises are –

The price paid for the use of borrowed money

Who can take rain on the roof of their empty house and it doesn't bother him?

Which Ninja Turtle is this?

Money that has value because the government has ordered it as an acceptable means to pay debts

A good that consumers will demand more of when their income increases

What job would be known as a pink-collar job?

A durable good is a good that does not quickly wear out.

Paid effort that people devote to a task – 

What word was popularized by this Vine?

An example of a durable good would be –

In Pinocchio, what animal did he turn into?

Physical objects that can be exchanged –

What is an example of a professional worker?

What is the amount of goods available at all given prices?

Money pooled from small investors and used to purchase government or corporate bonds

What is Chief Keef's favorite number?

All of Drake's exes live in Texas like who?

In a centrally planned economy each collective or factory sets its own goals.

An example of a variable cost is

Which singer told you to cry me a river?

Aside from wages, your employer may compensate you in the form –

The economy of the US could be characterized as –

What is a Quarter Pounder with cheese called in Paris?

What is the first movie ever directed by Rob Zombie?

Limited quantities of resources to meet unlimited needs or desires –

In a centrally planned AND command economy, the government makes all the decisions. 

To show alternative ways to use an economy's resources is the purpose of a – 

How many kids did Uncle Phil and Aunt Vivian have in The Fresh Prince of Bel-Air by Season 6?

Tax that is used to discourage the sale of goods like cigarettes and alcohol

A good that is always used with another good

Human made objects used to create other goods and services 

The most complex form of business organization is a –

Objects such as diamonds that have value in themselves that may be used as money –

Professional types of labor usually receives a salary.

A philosophy based on the belief that wealth be distributed evenly throughout a society

An economy that uses its resources to make the greatest possible # of goods and services is

Which of the following is an example of a good with an inelastic supply?

A traditional economy relies on habit, custom, or ritual.

This type of labor requires no specialized skills, education, or training.

The three economic questions are WHAT? HOW? and –

Actions or activities that one person performs for another –

Making a decision between increasing military spending and subsidizing wheat farmers is a –