Economics Review
Quiz by Karen Cross
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46 questions
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- Q1PriceThe interacton of supply and demand in the American marketplace determines?30s
- Q2Amount of governmentThe type of economy a country has is determined by the?30s
- Q3Central planning (Govt.)In the market economy, economic choices are NOT affected by?30s
- Q4Consumer SovereigntyIn the american economy, buyers determine what is produced by the purchases they make. This is known as?30s
- Q5Law of supply.The principle that businesses will produce more products when they can sell them at higher prices is?30s
- Q6FEDControls money, tries to keep inflation low, and regulates financial institutions.30s
- Q7Govt. money policyFiscal policy is?30s
- Q8Increase in pricesWhat is inflation?30s
- Q9MonopoliesAnti-trust laws try to prevent:30s
- Q10ContractsThe right of private property is protected by?30s
- Q11Capital resource.What is a factory building an example of?30s
- Q12Making loansWhat is the most important role of banks for the health of economy?30s
- Q1316th amendmentAmendment for personal and business income tax:30s
- Q14CorporationWhat is the type of business organization that limits the owners' risk to the amount of money invested is?30s
- Q15Traditional economy.Type of economic system where people make a living the same as they have for years and it tends to be poor.30s