stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Unit 2 Economics Review #1 Flashcards | StudBud
Explore
/
Unit 2 Economics Review #1
Unit 2 Economics Review #1
26 terms
·
StudBud Administration
·
425 plays
North Carolina CTE Exploring Business Marketing and Entrepreneurship. Unit 2
Flashcards
26 cards
F
Practice quiz
P
Host live
L
Questions
26
Answers
1
How much of a good or service is available at different prices?
Supply
Demand
Scarcity
Economics
2
In this type of economy the government takes care of peoples needs and market takes of wants.
market
mixed
traditional
command
3
Study of seeking to satisfy needs/wants through incentives, choices, and useof scarce resources
economics
demand
scarcity
supply
4
The point at which the supply and demand curve meet.
market
equilibrium price
economics
supply and demand graph
5
In this type of economy there are two types: Strong and Moderate.
command
mixed
market
traditional
6
Amish, Indian Tribes, and Vanuatu are all of examples of which type of economy?
command
market
mixed
traditional
7
Cuba, North Korea, and Sweden are all examples of this type of economy.
mixed
command
traditional
market
8
There is not a true version of which type of economy.
market
traditional
mixed
command
9
A disadvantage of a command Economy is...
taxes must be paid
private economic freedom
fewer choices in the market place
equal standard of living
10
The Federal Reserve is also known as...
The Central Bank of the United States
The Holder of Gold
Supplier
The Stock Market
11
Mixed economy is a mix between market and what other type of economy?
traditional
command
market
mixed
12
When stocks are going up it is considered a...
Alive Market
Bear Market
Dead Market
Bull Market
13
Where shares of stock and other securities are bought and sold.
farmers market
stock exchange
stock market
security market
14
This type of economy self-regualtes.
mixed
command
traditional
market
15
This type of economy is primarily found in rural, undeveloped countries.
mixed
command
market
traditional
16
The desire to own something and the ability to pay for it.
scarcity
Economics
supply
demand
17
Which of the following is not one of the US stock exchanges?
NASEFCP
NYSE
American Stock Exchange
NASDAQ
18
The Federal Reserves main job it to...
protect the American people
monitor debit card transactions
make sure you eat your veggies
regulate the money supply
19
In this type of Economy decisions are based on customs and centered around the family.
market
traditional
mixed
command
20
The advantage in a command economy
private economic freedom
taxes must be paid
fewer choices in the market place
equal standard of living
21
A disadvantage of mixed economy is;
private economic freedom
taxes must be paid
equal standard of living
fewer choices in the market
22
An advantage of a mixed economy is:
fewer choices in the market
private economic freedom
taxes must be paid
equal standard of living
23
When stocks are going down it is considered a...
bear market
dead market
alive market
bull market
24
In this type of Economy the government dictates what is produced.
command
mixed
market
traditional
25
The physical location where stocks are listed, bought, and sold.
stock market
members exchange
stock exchange
farmers market
26
This is a visual representation of supply and demand.
equilibrium
market economy
supply and demand graph
economics
