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SS Mrs. Terry's GED Economics Quiz Flashcards | StudBud
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SS Mrs. Terry's GED Economics Quiz
SS Mrs. Terry's GED Economics Quiz
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GED social studies economics questions
Flashcards
17 cards
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Questions
17
Answers
1
Another name for money.
tax
currents
currency
tariff
2
What is the event between 2008-09 that led to a large rise in unemployment?
Great Recession
Great Depression
Great Society
Great Boycott
3
The exclusive control of a trade, service or commodity.
monopoly
capitalism
dictatorship
free enterprise
4
On the graph, is the price of televisions on the x or y axis?
x axis
neither
y axis
say what now?
5
What is the range in GDP for South Carolina between 2000 and 2011?
$50,400,000
$50.40
$50.4
$50,400,000,000
6
What does GDP stand for?
Goods Domestically Produced
Gross Domestic Produced
Greatest Domestic Product
Gross Domestic Product
7
A tax on imported or exported goods.
sales
tariff
free enterprise
boycott
8
When you choose to work instead of go to college, your chance to pass up college is an example
profitability
opportunity cost
productivity
incentives
9
What is the median GDP for South Carolina from 2015-2017?
198
216
206
38
10
Someone who owns their own business (including websites or apps).
entrepreneur
consumer
investor
corporation
11
What does GDP "per capita" mean?
per capital
per person
per city
per dollar
12
One way the government (both state and federal) creates revenue (makes money).
creates government programs such as WIC or SNAP
gives out loans
collects taxes
takes out loans from other countries
13
The ability to produce a good or service at a lower opportunity cost than someone else.
comparative advantage
market
investment
profit
14
The Dow Jones is...
the investors in the stock market
the stock market
the CEO of the stock market
the sellers in the stock market
15
What is revolving credit?
credit cards
car loan
mortgage
student loans
16
As the price of an iPhone 7 goes down, the demand will...
disappear
go up
stay the same
go down
17
What is one of the main causes that contributed to the Great Recession of 2008?
some businesses closed
it was a bull market
high unemployment
housing market crashed
