Economics
Quiz by Larson, Vallarie
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36 questions
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- Q1Inflation is an increase in the general level of prices.FalseTrue30s
- Q2Interest is the amount of money a bank charges you to save money.FalseTrue30s
- Q3The interest rate is the tax you pay when you buy a car.TrueFalse30s
- Q4A labor force is the total number of people who are either working or not working but are actively seeking work.FalseTrue30s
- Q5The unemployment rate is the percentage of people in the labor force who are not working but are actively pursuing work.FalseTrue30s
- Q6School teachers work in the public sectorFalseTrue30s
- Q7Our economy is based on producing and selling goods and servicesFalseTrue30s
- Q8Jobs in retail mean jobs working with computersTrueFalse30s
- Q9Agriculture is no longer important to the economy of NevadaFalseTrue30s
- Q10Tourism is one of the leading industries in NevadaTrueFalse30s
- Q11A consumer isnone of theseThe value or pice of goods or servicesA person who buys and uses goods and servicesA condition where human wants exceed available resources30s
- Q12Cost isThe value or price of goods or servicesA person who buys and uses goods and servicesAnything given up when a choice is made, in time or moneyNone of these30s
- Q13Demand isanything given up when a choice is made, in time or moneyThe quantity of a good or service that buyers are willing to buythe cost of an itemNone of these30s
- Q14An entrepreneur isAn index that measures the average level of prices of goods and services typically consumed by an urban American familyA person who creatively combines resources to produce and sell a good or serviceNone of theseThe value or price of goods or services30s
- Q15Opportunity cost isAnything given up when a choice is made in time or moneyA measure of the production of goods and services within a countryThe concentration of effort on only one task or a few tasksnone of these30s