Basics of Economics

The Human Poverty Index does not measure.....

What is an example of capital?

Which are examples of land?

Countries the U.S. currently has economic sanctions against

Brazil would hold a comparative advantage over the U.S. in which products?

Opportunity cost is

What does the GINI coefficient measure?

The U.S. would hold an absolute advantage over Vietnam in which products?

Generally, the GDP needs to grow by this percent in the U.S. to keep our economy stable.

What is a tariff?

Not having enough resources to produce all the things people would want is....

Gross National Happiness measures....

What is a weakness of a command economy?

The U.S. does not rank high in which of the following?

What is an example of entrepreneurship?

The Human Development Index measures...

What is a strength of a market economy?

Which measure do we use to account for inflation?

What types of economic pressure can a country use on another country?

What is a strength of a command economy?

GDP is comprised of...

Which of the following are characteristics of capitalism?

What is the approximate GDP of the U.S.?

What is a weakness of a market economy?

The invisible hand theory argues 

What are the 3 economic questions every society must answer?

What is an example of a benefit of private property?

The invisible hand  theory was developed by....

Which of the following is NOT a factor of production?

Which of the following is NOT part of the business cycle?