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Unit 1 eco review Flashcards | StudBud
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Unit 1 eco review
Unit 1 eco review
20 terms
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a quick review of eco terms
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
The PPI and the CPI both use _ _ to measure the price levels.
metrics
alegbra
geometry
market baskets
2
In Florida the _ home is protected during bankruptcy proceedings
mountain
primary
summer
lake
3
Unions are financed through their membership _
dues
fines
gifts
pensions
4
Rivalry among producers to win business is called
comparison shopping
competition
cooperation
exercise
5
Converting hard assets into cash is known as _
liquidity
solidifying
personalizing
6
Refusing to buy a companies product or use their services is called a _
boycott
protest
strike
7
The oldest stock exchange in the US is the
American
NYSE
NASDAQ
8
Low GDP, agricultural based eco, poor health conditions, high population rate, low literacy is
superpower countries
developing country
developed countries
9
The best source of product information, requires a subscription is _ _ _
Consumer reports magazine
News 4 jax
FDIC
Fox news
10
Florida is a right-to-work state which means _ shops are illegal.
closed/union
cash only
open
custom
11
The practice of using capital funds in a country other than you own, is known as
capital flight
smart business
consumer fraud
12
Humanitarianism, economics, politics, and to protect a nation's security are all reasons for
cruises
foreign aid
military assistance
13
A decrease in the total economic activity is a
contracion
expansion
trough
peak
14
The economic system in which the gov minimizes its interference in the economy is a
capitalistic
traditional
monopoly
command
15
Who investigates stock market fraud such as insider trading?
FED
ACC
DOJ
SEC
16
The economic system in which decisions are based on custom and belief is known as a _
traditional
mixed
command
jolly
17
_ is the spreading of investments among several accounts or industries to lower overall risk is
smart
democraticization
diversification
proliferation
18
The four factors of production, excluding technology, are land, labor, capital and
telegraphics
Entrepreneurship
statesmanship
19
_ _ or discomfort index is used to describe the price of economic instability in human terms.
DJI
homelessness
state hospital residents
misery index
20
The economic system in which the economic decisions are made by the gov is a _ system.
traditional
capitalism
mixed
command