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Economic Activities Chapter 2 Flashcards | StudBud
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Economic Activities Chapter 2
Economic Activities Chapter 2
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#Grade 9# Principles of Business
Flashcards
30 cards
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Practice quiz
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Questions
30
Answers
1
A period of economic recovery
is marked by widespread unemployment.
usually causes businesses to lower production
is considered the high point of the business cycle
is characterized by a rise in GDP
2
Inflation
sometimes stimulate economic activity if it is kept low.
causes the buying power of the dollar to increase
generally occurs at the same rate from year to year
is least harmful to people on fixed incomes
3
Which type of business sells stock?
partnership
corporation
proprietorship
all businesses sell stock
4
The total dollar value of all final goods and services produced each year in a country
GPD
GNP
GDP
NNP
5
Suppose wages are going up faster than prices. What is the most likely effect?
A period of deflation will begin soon.
Consumers will buy fewer product
A time of economic recovery will begin soon
Unemployment worsen because businesses will hire less
6
Monthly measure of the sales of durable and nondurable goods bought by consumers
wholesales
credit sales
cash sales
retail sales
7
Which of the following would NOT be included in a measure of GDP
Publishers exports $25 million of books.
You give your car a tune-up and change the oil yourself
The government buys office supplies worth $3 million
You pay to cut your grass during the summer $50/week.
8
Productivity is production output in relation
to a unit of input
to the rate of input
to the rate of output
to a unit of output
9
Which of the following probably would result in a DECREASE in worker productivity?
Factory trains workers on how to use equipment efficiently.
An office replaces computers but employee were not trained
Bonus promised to all who worked overtime to finish project.
An office replaces computers and employees receive training
10
People who buy bonds are called
consumers
debtors
creditors
owners
11
which of the following is not a type of interest rate?
Treasury bond rate
Prime rate
T-bill rate
Utility surcharge rate
12
Personal income refers to . . .
salaries, wages, investment income, government payment
the funds for buying goods and services
to money all people work for
salaries and wages
13
the labor force consist of all people above age who are actively working or seeking work.
16
21
14
18
14
Depression is
when you feel sad
none of the above
when a hurricane is about to form
the lowest level of the business cycle
15
Movement of the economy from one condition to another
currency devaluation
productivity
prosperity
business cycle
16
If you purchase a corporate or government bond, you are a(n)
creditor
stockholder
partner
entrepreneur
17
Which compares the prices of selected items each year to some earlier year?
Price bureau
Price is right
Price index
Price control
18
The total amount owed by the federal government is called the
national debt
budget deficit
balanced budget
budget surplus
19
when investors speculate that the value of their stock will fall it is called
a bear market
a bull market
a spectators market
a sheep market
20
Which of the following is not part of government debt
budget surplus
budget deficit
national debt
consumer debt
21
An increase in GDP per capita means that
an economy is growing
unemployment is too high
an economy is in a recession
individuals are not saving enough.
22
which is not a source for capital spending ?
Business equity
Personal savings
stock investment
Treasury bonds
23
Price Index is a number which compares
inflation and deflation over the year
the general increase in prices
different types of indices
one year's price with the base year
24
Which of the following is not a stage of the business cycle
inflation
recovery
Depression
recession
25
The money for capital projects usually comes from
all of the above
bonds
stock investments
personal savings
26
The rate for time deposits at saving institutions is the
corporate bond rates
prime rate
discount rate
certificate of deposit rate
27
The interest rate charged to borrow funds from Federal Reserve banks is called
discount rate
certificate of deposit rate
prime rate
T-bill rate.
28
Which of the following can be increased by an improvement in management techniques
profanity
productivity
prosperity
property
29
Which of the following is considered unemployed
looking for and willing to work, can't find the right job
willing, looking for a job but can't find any
a person who cannot find a job
a person willing to work
30
Inflation is
a general increase in prices
A general decrease in prices
the increase in price over the year
putting helium in a baloon
