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Economics Review Flashcards | StudBud
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Economics Review
Economics Review
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The basics of Economics
Flashcards
7 cards
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Questions
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Answers
1
What is a Dividend?
Dividends- Cash payout from work for working long hours.
Cash payout from company just for owning bonds.
Cash payout from company just for owning stocks.
Cash payout from company for owning bonds thats worth more.
2
What is a trademark?
Arises when there is only one producer in a market.
Protects works of authorship, such as writings, music.
Limited property right relates to invention granted by U.S
Symbol that identifies the source of the goods of party.
3
Good examples of personal finance?
Hiding money under your matress
Spending your whole check on video games
Eating take out everyday
Save money in your bank account
4
Which of the following is not a monopoly?
Gamestop
Footlocker
Major League baseball
De Beers
5
Define Economics.
The science that deals with the consumption of commodities
The science that deals with the production, distribution.
Science deals with chemicals of distribution.
The science that deals with the production of money.
6
What is the minimum wage in Chicago?
10.500
.10.50
1.050
10.50
7
What's the difference between Macro and Microeconomics?
Having high and having low interest rates.
Studies the behavior of individual people and companies.
Looks at the economy as a whole.
Looks at the whole economy, the behavior of indvidual people
