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Q 1/24
Score 0
_______________________________ measures a country's output and economic health
60
Opportunity cost
Gross Domestic Product
Capital goods
Economic Interdependence
Q 2/24
Score 0
Which of these are not included in GDP?
60
illegal drug sales
each of these answers are correct
goods/services outside of the US
non-market activities
24 questions
Q.
_______________________________ measures a country's output and economic health
1
60 sec
Q.
Which of these are not included in GDP?
2
60 sec
Q.
____________________ is most responsible for increases in the federal minimum wage.
3
60 sec
Q.
__________________________ work in a businesslike way to promote member interests.
4
60 sec
Q.
The role of government in a free market economy includes establishing laws to protect citizens, provide goods and services for citizens, regulate economic activity to preserve competition, and...
5
60 sec
Q.
A vehicle is an example of a non-durable good
6
60 sec
Q.
Goods can be categorized into durable, non-durable, consumer, and practical goods.
7
60 sec
Q.
One advantage of sole proprietorship is the owner is able to keep all the profits.
8
60 sec
Q.
Economics is the study of how people deal with the problem of ....
9
60 sec
Q.
A software developer is an example of an entrepreneur
10
60 sec
Q.
Demand curve is a graph showing the various quantities supplied at all possible prices.
11
60 sec
Q.
How does the government stabilize the economy?
12
60 sec
Q.
Intermediate products are included in the GDP.
13
60 sec
Q.
One of the risks of a _______________________________ is being stuck in a never ending loan
14
60 sec
Q.
The only thing that can change (Qs) is the price of that item being graphed.
15
60 sec
Q.
Substitutes are two goods that are bought and used together.
16
60 sec
Q.
Qd is ...
17
60 sec
Q.
The three types of unemployment are...
18
60 sec
Q.
An oligopoly is a market with few producers, while a monopoly is a market structure with one producer.
19
60 sec
Q.
When there is a surplus it forces prices to decrease.
20
60 sec
Q.
Equilibrium is when Qs and Qd meet.
21
60 sec
Q.
A bear market = a strong stock market
22
60 sec
Q.
The FDIC was created to insure customer deposits in case of bank failures
23
60 sec
Q.
______________________________ is the branch of economic theory that is focused on the economy as a whole
