stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Marketing Unit 4 Part B Pre-Test Flashcards | StudBud
Explore
/
Marketing Unit 4 Part B Pre-Test
Marketing Unit 4 Part B Pre-Test
10 terms
·
StudBud Administration
·
37 plays
Unit 4 Part B Terms 11-20
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
The total value of goods and services produced within a country during the year
General Domestic Product
Gross Domestic Product
Gross Demand Product
Grand Domestic Profit
2
Market situation in which a price decrease will decrease revenue
Embargo
Gross Domestic Product
Elastic demand
Inelastic demand
3
Exist when the amount of product supplied is equal to the amount of product demanded
Fair Trade
Equilibrium
Balance of trade
Embargo
4
All the people who work in the economy
Human/land
Human/capital
Labor/human
Human/resources
5
The resources available to develop products and services
Factors of production/demand
Factors of production/economic resources
Factors of production/economic utilities
Factors of reproduction/inflation
6
When prices increases faster than the value of goods and services
Deflation
Inflation
Recession
Scarcity
7
Market situation in which a price decrease will increase revenue
Surplus
Inelastic demand
Elastic demand
Demand
8
The skills of people who are willing to risk their time and money
Intrepreneurship
Entrepreneurship
Intrapreneurshp
Entrapreneurship
9
All the natural resources of a nation
Land/human
Land/natural
Human/land
Land/resources
10
A government prohibition against the shipment of certain products to a particular country
Tariffs
Imbargo
Strike
Embargo
