stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Economics Final Exam Review II Flashcards | StudBud
Explore
/
Economics Final Exam Review II
Economics Final Exam Review II
16 terms
·
StudBud Administration
·
317 plays
Economics Final Exam Review
Flashcards
16 cards
F
Practice quiz
P
Host live
L
Questions
16
Answers
1
The end of a recession would visually begin at the
High Point
Trough
SUP
Peak
2
A type of Price Control where the price of the item is set below market equilibrium
Trough
Peak
Ceiling
Floor
3
The lowest interest rate that the best corporate customers borrow money
Simple Rate
Secondary Rate
Discount Rate
Prime Rate
4
Mergers at different steps of manufacturing are
Diagonal
Horizontal
Vertical
Commie
5
A tax on the sale or manufacture of a product or service is
Property Tax
Income Tax
Excise Tax
Sales Tax
6
Price of bacon goes up causing a decrease in the Demand for eggs; we'd call these items
Substitutes
Complements
Elastic
Inelastic
7
A business organization comprised of no fewer than four companies, none of which have 50% sales
Vertical
Conglomerate
Diagonal
Horizontal
8
The biggest part of government spending, in terms of a budget, would be
Discrectionary Spending
Deficit Spending
Mandatory Spending
Pork Barrel Spending
9
At a given price, surplus occurs
When the price is too high
When the Price Is Wrong, Bob!
When the Price Is Right
When the price is too low
10
When there's a sudden increase in Demand, this causes what temporary situation in markets
Increase in Demand
Shortage
IDK
Surplus
11
The general fall in prices
Depression
Recession
Inflation
Deflation
12
Why will I fail Ms. Byrski's Economics Final?
Ich weiss nicht
Rat Farts
Ich bin ein Dummkopf
I love pie
13
The market condition in which there is neither a surplus nor a shortage
Euphoria
Happiness
Equilibrium
Sadness
14
The fundamental problem in Economics
TINSTAAFL
Scarcity
Unemployment
Stupidity
15
An organized way in which any country establishes it economy
Command Economy
Employment
Economic System
Money Production
16
A charge taken by businesses for the wear and tear of their capital
VAT
Depreciation
Interest
Deduction