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Economics quiz Flashcards | StudBud

Explore/Economics quiz

Economics quiz

9 terms·StudBud Administration

All questions about economics

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Questions 9

Answers

1
what is the economy with the most government involvement?
market
traditional
mixed
comand
2
What 2 things go into calculating GDP?
the value of goods and buisnesses
The value of goods and services
The value of per Capita and monthly income of each household
the value of ice cream and Mac and cheese
3
what is an example of a natural resource?
tree
slide
gold
river
4
True or false the command economy chooses your career
False
True
5
what is the level of government involvement in a pure market economy?
involved but not to much
mid
Very high
very low
6
what does GDP stand for?
Grass Domestic product
Gross domotive product
Give Dominate pay
Gross Domestic product
7
Who makes all the decisions in a mixed economy?
Households and firms
none
People and the government
The government
8
What is 'Human Capital'?
A person that owns a state capital
The knowledge and skill a person contains
A nickname
The amount of money a person is worth
9
What does GDP calculate?
The money a person makes in a year
The overall per Capita of a country
How many people are in a country
The overall wealth of a country