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Economics - Micro review (Unit 2 practice) Flashcards | StudBud

Explore/Economics - Micro review (Unit 2 practice)

When the U.S. government hires postal workers and FBI agents, it makes transactions in the

Payments for the use of land is called

Economics - Micro review (Unit 2 practice)

5 terms·StudBud Administration·105 plays

Review of Unit 1-2 topics. #economics #microeconomics #supply #demand

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Questions 5

Answers

1
Payments for the use of land is called
interest
rent
profit
wages
2
When the U.S. government hires postal workers and FBI agents, it makes transactions in the
product market
circular flow marketing team
factor market
public market
3
What is the unit of study in microeconomics?
national consumption and expenditures
imports and exports
individual businesses and households
inflation and recession
4
Answer the following question regarding money:
highly divisible
accepted as payment
very portable
prized in foreign transactions
5
When the gov't. buys a submarine from a company, this transaction occurs in the
product market
public market
foreign exchange market
factor market