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Microeconomics Flashcards | StudBud
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Microeconomics
Microeconomics
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Questions
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Answers
1
Non-union worker who crosses a picket line
Money
Currency
Scab
Profit
2
Money in a bank account that is available whenever the holder wants to withdraw it
Interest
Demand Deposit
Stock
Money Supply
3
Most businesses in America are...
Partnerships
Sole Proprietorships
Stockholders
Corporations
4
Why did Americans form labor unions?
Their jobs required special skills
Immigrants were taking their jobs
Needed work
Workers wanted some control over working conditions
5
Paper/metal-based forms of money
Money
Scab
Profit
Currency
6
A business in which two or more people share ownership
Partnership
Entrepreneur
Corporation
Sole Proprietorship
7
A person who has an idea and is willing to risk putting it into action by starting a business
Partnership
Corporation
Entrepreneur
Sole Proprietorship
8
Workers refusing to work until management meets their demands is...
Lock Out
Strike
Collective bargaining
Boycotts
9
Banks encourage circular flow to stimulate the economy by...
Printing money
Paying interest on savings accounts
Collecting a huge amount of interest on loans
Making loans to people and businesses
10
All of the money available to banks in savings, checking and other accounts
Stock
Money Supply
Demand Deposit
Interest
11
Unions and employers meeting to reach agreements on wages and working conditions is called...
Boycotts
Sit-down strike
Strikebreaking
Collective Bargaining
12
business owned by one person
Corporation
Entrepreneur
Partnership
Sole Proprietorship
13
Business that is separate from the people who own it and legally acts as a single person.
Partnership
Sole Proprietorship
Corporation
Entrepreneur
14
Anything that is exchanged for goods and services
Scab
Money
Currency
Profit
15
Which of the following
IS NOT
one of the three main functions of money?
Store of Value
Standard of Value
Medium of Exchange
Source of Credit
16
The union strategy of refusing to buy product until management agrees to meet demands...
Collective Bargaining
Boycott
Strikebreaking
Slow down
17
How does United States Currency get its value?
value of the paper
government says it has value
backed by gold
good artwork
18
The earned money left over after a business owner pays all the costs of production
Scab
Profit
Currency
Money
19
Which of the following
IS NOT
a characteristic of our currency?
Anyone can change supply
It is easy to carry
It is widely accepted for goods and services
It is not easily destroyed
20
A share of ownership in a company
Interest
Stock
Money Supply
Demand Deposit
