Intro To Business 1
Help!
|
|
||||
|---|---|---|---|---|---|
| The 5 most widely indicators of the economy include... | GDP, unemployment rate, interest rate, and stock and bond markets
🗑
|
||||
| 3 ways the government can help or control the economy include... | Government spending, taxes, and interest rate
🗑
|
||||
| The 4 levels of inflation include... | Low, moderate, high, and hyperinflation
🗑
|
||||
| The 4 levels of the business cycle include... | Expansion, peak, recession, and trough
🗑
|
||||
| The 4 market structures are... | Monopoly, oligopoly, monopolistic competition, and perfect competition
🗑
|
||||
| Businesses compete for business by... | lowering prices and/or increasing the quality of the product
🗑
|
||||
| What is the market value of all financial products produced in a country during a specific period of time? | Gross Domestic Product, or GDP
🗑
|
||||
| How can you measure GDP? | By adding the total amount of money spent from consumer spending, business spending, government spending, and net exports
🗑
|
||||
| What is the general rise in prices called? | Inflation
🗑
|
||||
| What is the amount a borrower pays to a lender for a loan? | Interest
🗑
|
||||
| What's the measure of a worker's production in a specific amount of time? | Productivity
🗑
|
||||
| What are the tax spending decisions made by Congress or the president? | Fiscal price or government spending (must know both)
🗑
|
||||
| What is a system and market place for buying and selling stocks known as? | The stock market
🗑
|
||||
| What's a certificate of debt issued by an organization or government known as? (It also represents a loan) | Bonds
🗑
|
||||
| When a lower price is the main reason for customers to buy over the other businesses, it's known as...? | Price competition
🗑
|
||||
| When one company or business has a competitive advantage based on factors other than price, it's known as...? | Non-price competition
🗑
|
||||
| When one business has complete control over supply, it's known as...? | Monopoly
🗑
|
||||
| When a small number of businesses sell the same or similar products, it's known as...? | Oligopoly
🗑
|
||||
| When a large number of businesses sell similar, but not the same, products at different prices, it's known as...? | Monopolistic competition
🗑
|
||||
| When a large number of businesses sell the same product at the same price, it's known as...? | Perfect competition
🗑
|
||||
| When an economy is growing, it's known as...? | Expansion
🗑
|
||||
| The end of expansion is known as...? | Peak
🗑
|
||||
| A significant decline in total output, income, employment, and trade in an economy is known as...? | Recession
🗑
|
||||
| The lowest stage of a business is known as the..? | Trough
🗑
|
||||
| What regulates the supply of money and interest rates by a central bank in an economy? | Monetary policy
🗑
|
||||
| What is the central bank in the U.S.? | Federal Reserve System
🗑
|
||||
| What is the total money circulating at any one time in a country known as? | Money supply
🗑
|
||||
| What promotes fair trade and competition among businesses? | Antitrust laws
🗑
|
||||
| Occurs when 2 or more businesses in an industry agree to sell the same goods or services at a set price? | Price fixing
🗑
|
||||
| Occurs when 2 or more businesses work together to remove their competition, set prices, and control distribution? | Collusion
🗑
|
||||
| This is not directly connected to economic activity, but still affects people? | Externalizes
🗑
|
||||
| A business only located along state lines is known as...? | Intrastate
🗑
|
||||
| A business that can be found in many states is known as...? | Interstate
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
OliviaRoark
Popular Economics sets