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Missouri Economy Review Flashcards | StudBud
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Missouri Economy Review
Missouri Economy Review
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Flashcards
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Questions
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Answers
1
Which is NOT a type of tax?
sales tax
income tax
property tax
pet tax
2
In the early 1900's Missouri's economy depended on farming.
False
True
3
When the "SUPPLY" is low the prices go UP!!!
True
False
4
What does DEMAND mean?
the workforce
money citizens pay the gov't
the total amount of goods and services that customers will buy.
government
5
Now our economy depends on tourism, tech jobs, and manufacturing jobs.
False
True
6
Which are natural resources? (2 are correct.)
forest, land and water
tools and equipment
materials from nature
workforce
7
Tennis shoes and sodas are private goods.
True
False
8
How is our tax money used? (2 answers are correct!)
for fast food.
for movie tickets.
for police, firemen, public school teachers.
for roads, bridges, and tunnel repairs.
9
Which TWO are human resources? (2 are correct)
the people involved in the production of goods & services.
forest, land and water
tools and equipment
workforce
10
What is true about an economy? (2 are correct.)
government is divided into 3 parts
The USA has a free market economy.
an economy is the way a country manages its money.
cowboy boots are expensive
11
What does "supply" mean?
taxes
the workforce
total goods & services available for customers to buy
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