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Interwar Economy Flashcards | StudBud
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Interwar Economy
Interwar Economy
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Flashcards
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Questions
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Answers
1
Which is NOT a defining factor of capitalism?
Private wealth & private corporations.
Network of markets.
Exchange of goods & services.
Welfare & social support.
2
Recession means...
a return to older economic values.
a period of economic decline.
a recess from the stock market.
a break in the usually business cycle.
3
What is a budget?
The extra money saved throughout the year.
A report on government spending.
A plan for government spending.
The worst part of adulthood.
4
Prosperity means...
The economy needs extra support.
The economy is stable.
The economy is growing.
Everyone is rich.
5
What is currency?
The current value of a country's resources.
The country's priorities in the present.
The cost of using electric current.
The actual money used in a particular country.
6
What is the business cycle in a market economy?
The normal cycle of prosperity and recession.
The cycle of buying and reselling property.
The yearly cycle of production and sales.
A banker bike gang.
7
A market economy is...
Dictatorship.
Democratic.
Capitalism.
Socialism.
8
What is "buying on margin"?
Buying more than 50% of a stock.
Buying a stock using borrowed money.
Buying a small fraction of a stock.
Buying marginally less stock than expected.
9
The US economy failure affected Canada because...
40% of Canadian exports were sold in America.
Americans tried to come hide in Canada.
Canada had lent the US money.
They sole our money.
10
American tariffs...
made Canadian imported wheat more popular
made Canadian imported wheat less expensive.
made Canadian hard to get.
hurt Canadian profits from export.
11
What is a stock?
A small share of a company.
Livestock. Like cows.
A fancy kind of cheque.
A business deal that falls through.
12
Protectionist means...
a country looks after its neighbours.
a country discourages foreign imports.
a country pours its buget into the military.
a country reacts quickly to market change.
13
Low demand leads to...
lots of sales.
limited product.
low prices.
high profits.
14
What is a balanced budget?
There are conservative & progressive projects.
Revenue and spending are equal.
Spending is not wasteful.
It's great on a tightrope.
15
What is revenue?
Money returned to people after they pay taxes.
Money lost because of bad investments.
Money spent on items over budget.
Money taken in by the government.
16
What is an investment?
Money spent for the purpose of making more money.
Wasted money.
Money given as a gift.
Money borrowed from the government.
17
Low supply leads to...
Low demand.
High demand.
A shortage of buyers.
Low prices.
18
What is expenditure?
Money spent on critical items.
Money spent on luxury goods.
Any money spent by the government.
Credit given to people by the goverment.
19
What is laissez faire economics?
Don't interfere.
Don't get too excited.
Don't try hard.
Don't be lazy.
20
What is deficit?
All of the above.
Money borrowed by the government in a year.
The difference between spending and revenue.
Expenditure is larger than revenue.
21
A "market" is...
A place where goods and services are bought and sold.
A physical location for shopping.
An international financial organization.
Where the first little piggy went.
