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Economony/James 1/21/21 Flashcards | StudBud

Explore/Economony/James 1/21/21

What is a mixed economy

GDP is...

Economony/James 1/21/21

10 terms·StudBud Administration·71 plays

Vocabulary

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Questions 10

Answers

1
GDP is...
how much a single business produces in a period of time.
value of goods and services produced in a country over time.
a country's unemployment rate over a period of time.
taxes payed by citizens over a specific period of time.
2
What is a mixed economy
None of the above
an economy driven by country's individual citizens
an economy driven by country's individual citizens
an economic system combining private and public enterprise.
3
What is command economy?
Both Government and individuals are in charge
Individuals are in charge
No one is in charge
Government is in charge
4
What is wage?
A fixed regular payment from a boss to a worker
Steps in a process or procedure
5
What is a market economy?
Mr.William owns the resources
Buyers & Sellers own resources
Gov. owns resources
Aliens own resources
6
What is the meaning of domestic?
Term used for products of services made in one’s own country
Term used for products sold in every country.
Term used to express ownership.
Term used for exports and imports.
7
What is an Entrepreneurship?
I DON’T KNOW.
Somone who works For someones.
Someone who sets up their own business.
8
what is the best definition for the word 'subsidization'
Paying part of the cost of something by the government/organization/group
Downplaying something really important
Not able to be changed
9
What is bartering?
working for a man named Bart
giving a gift
giving something to somebody in exchange for something else
buying something from a store
10
what is a traditional economy
an economy driven by country's individual citizens
an economy controlled by traditions, customs, and beliefs.
an economy controlled centrally by a government.
All of the above