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Economics
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#economics#basicconcepts
Flashcards
21 cards
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Practice quiz
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Questions
21
Answers
1
Which factors make Globalization possible?
Multinational enterprises
All the answer are correct
Technology and means of transport
opened countries borders
2
One of these statements is a Globalization Disadvantage:
Multinationals
Advance in technology
Exchange of knowledge
Earth Pollution
3
Choose the correct definition for Economic Activity
Economic Activity is carried out by State to make a profit
It's carried out by humans to satisfy their needs
Economic activity is carried out by humans to make a profit
It's carried out by business to satisfy their needs.
4
Which are natural resources in a farm?
Tomatoes, potatoes, iron, carrots
Potatoes, tomatoes, cows, cucumber
Tomatoes, cows, potatoes, farmer
Potatoes, tomatoes, fish, carrots
5
Offers services to citizenship thanks to taxes collected; Stablishes Laws society must follow
Factories
Capital
State
Families
6
Humans needs are
Services wich can be divided into goods and products
Goods wich can be divided into products and services
Products wich can be divided into goods and services
Goods which can be divided into products and things
7
One of the advantages of Globalization is
All the answers are right
The increase in the supply
The possibility of buying things from all over the world
Products being cheaper
8
"They sell the goods to make a profit"
State
People and families
Entrepreneurs
Natural resources
9
Which are the Factors of production?
Entrepreneurship, capital, State, labor
Natural resources, entrepreneurship, capital, State
State, natural resources, entrepreneur, capital
Entrepreneurship, natural resources, capital, labor
10
In a restaurant, which is the capital?
Tables, computer, chairs, chef
Tables, food, chairs, computer
Tables, computer, chairs, cutlery
Tables, cutlery, waiter, chairs
11
Give a correct definition for Services
Activities carried out by humans to benefit society
Activities carried out by humans to benefit State
goods obtained directly for nature or turned into something
Goods produced in factoies
12
Which are Economic Agents?
State, factories, natural resources
State, families, factories
State, natural resources, families
State , capital, families
13
"They are economic agents that produce goods and services and comsume them at the same time"
State
Factories
Families and people
Capital
14
Kind of economy just based on the supply and the demand law.
Subsistence economy
Free Economy
Planned economy
Mixed economy
15
How are economic goods produced?
Thanks to Factors of production
Thanks to Economic Agents
Thanks to State
Thanks to nature
16
Choose the correct definition for products
Goods obtained directly from nature or turned into something
Are activities carried out by entrepreneurs to benefit State
Are activities carried out by State to benefit itshelf
Are activities carried out by humans to benefit society
17
Globalization consist of
The exchange of goods, culture, knowledge and capital.
A limit supply of products
Products being more expensive than in the past
Inner trade without any foreign competence.
18
Subsistence economy is the one
In which the State controls the supply and the demand
in which the purpose is making a profit
Based in the supply and the demand law.
In which the propose is to survive
19
"they pay taxes to the State"
Entrepreneurs and families
People and families
Entrepreneurs
Politicians and entrepreneurs
20
kind of economy based on the supply and the demand law but State makes laws to control market
Free Economy
Subsistence
Planned Economy
Mixed economy
21
Choose a definition for planned economy
Based on production for self-consumption
Based on a free market economy and private property
Mixed economy where the State takes care of the well-being.
Based on an economy controlled by State.