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Q 1/40
Score 0
Organized way a nation provides for the needs and wants of its people.
30
Economy
Q 2/40
Score 0
Renewed economic growth following a recession or depression
30
Recovery
40 questions
Q.
Organized way a nation provides for the needs and wants of its people.
1
30 sec
Q.
Renewed economic growth following a recession or depression
2
30 sec
Q.
Things used in the production of goods and services.
3
30 sec
Q.
A period of prolonged recession
4
30 sec
Q.
Tangible economic resources like land, labor, capital, and entrepreneurship
5
30 sec
Q.
A period of economic slowdown that lasts for at least 2 quarters of a year.
6
30 sec
Q.
Physical development of country
7
30 sec
Q.
A time when the economy is flourishing
8
30 sec
Q.
Skills of people willing to invest time and money to run a business.
9
30 sec
Q.
The difference between wants and needs and available resources
10
30 sec
Q.
The recurring changes in economic activity
11
30 sec
Q.
Measures wholesale price levels in the economy
12
30 sec
Q.
Habits, traditions, and rituals answer the basic economic questions of what, how, and for whom.
13
30 sec
Q.
No government involvement in economic decisions
14
30 sec
Q.
A country's government makes all the economic decisions regarding what, how, and for whom goods and services are produced and distributed.
15
30 sec
Q.
Measures the change in price over a period of time of 400 specific retail goods and services produced abroad by US citizens and companies.
16
30 sec
Q.
Rising Prices
17
30 sec
Q.
Total value of goods and services produced by a nation, including goods and services produced abroad by US citizens and companies.
18
30 sec
Q.
The output of goods and services produced by labor and property within a country
19
30 sec
Q.
Output per worker hour that is measured over a defined period of time.
20
30 sec
Q.
People who work in the private or public sector
21
30 sec
Q.
Money, tools, equipment, factories
22
30 sec
Q.
Organizes the factors of production, produces creative ideas, and skills to run a business
23
30 sec
Q.
Everything found in the earth and sea, plants, natural resources
24
30 sec
Q.
Found in undeveloped societies, depends on natural resources, trade among residents
25
30 sec
Q.
Relies on consumer purchases to drive production choices; prices remain competitive; the more money you make, the more money you can spend
26
30 sec
Q.
The government decides what will be produced, no private enterprise, wealth is shared so all basic needs are met.
27
30 sec
Q.
Government finds balance between too much and too little involvement
28
30 sec
Q.
Social programs are used to ensure a certain standard of living, higher taxes to support these services, needs for all are met, employment for most
29
30 sec
Q.
Compares economic values like government and personal spending, net exports, changes in business inventory, personal investments, home construction (use abbreviation)
30
30 sec
Q.
Motivation, financial efficiency, improved company profits, and specialized labor
31
30 sec
Q.
Measures amount and quality of goods and services that a nation's people have
32
30 sec
Q.
Rate of 1%-5% represents a stable economy; reaching double digits is a sign of struggle
33
30 sec
Q.
Measures number of people without jobs
34
30 sec
Q.
Is any economy pure?
35
30 sec
Q.
The US economy is mixed. Which type of economy does it lean towards?
36
30 sec
Q.
This happens when the government takes over private businesses
37
30 sec
Q.
How would we describe an economy that is poor but is trying to improve wealth and infrastructure?
38
30 sec
Q.
House and autosaves can be used as additional economic measurements.
39
30 sec
Q.
The goal of a healthy economy is to increase productivity, decrease unemployment, and stabilize prices.
