ECONOMICS
The social science that studies the choices that individuals, businesses, governments and entire societies make to confront scarcity.
A. Scarcity
B. Macroeconomics
C. Economics
D. Demand
C. Economics.
What is the main purpose of a Business?
A. Create Jobs
B. Create Value
C. Create Money
D. Profit
B. Create Value
Any item or record, used as a medium of exchange that is generally accepted as payment for goods and services and repayment of debts in a particular country.
A. Finance
B. Money
C. Price
D. Goods and Services
B. Money
Time value of money refers to the concept that says that money in the _______ is worth more, than money in the ________.
A. Bank, Wallet
B. Future, Present
C. Past, Present
D. Wallet, Bank
C. Past, Present
Who is the Best soccer team in the world?
A. Tigres
B. Tigres
C. Tigres
D. All of the above
D. All of the above
The study of choices that individuals and businesses make, how these decisions interact in markets and the influence of governments.
Some examples of questions are: Why are people buying less type of products? How tax on junk food will affect the choices of children?
A. Economics
B. Supply
C. Macroeconomics
D. Microeconomics
D. Microeconomics
This actors of a business are the key resource that need motivation, adequate compensation and professional preparation.
A. Managers and Owners
B. Employees
C. Investors
D. Costumers
B. Employees
In the History of Money, which was first, BARTERING or PRECIOUS METAL COINS?
A. Bartering. Early men would exchange goods they had in surplus for ones they lacked.
The Measure of the Cost of Money is...
A. Time Value of Money
B. Interest
C. Inflation
D. Credit Card
B. Interest
How many colors are in the rainbow?
A. Seven (7)
Firms in this market structure sell similar, but slightly differentiated products.
a) All firms maximize their profits
b) Free entry and exit of market
c) Firms sell a differentiated product
d) Consumer may prefer one product over the other
A. Perfect Competition
B. Monopolistic Competition
C. Monopoly
D. Oligopoly
B. Monopolistic Competition
This Business Area covers the management of money, including the study of investments, the allocation of assets and liabilities over time under different degrees of risk.
A. Finance
B. Economics
C. Business Accounting
D. Management
A. Finance
A. Banco de México
B. Banco Central Mexicano
C. Banxico
D. Banorte
A. Banco de México
An increase in the price of goods and services over a period of time, resulting in a less purchasing power.
A. Interest
B. Inflation
C. Interest Rate
D. Time Value of Money
B. Inflation
Saturn
How is the Slope of the Demand Curve?
A. Curved
B. Upward Sloping
C. Downward Sloping
D. Flat line
C. Downward Sloping
What does IMPI do?
The Instituto Mexicano de la Propiedad Industrial, is an entity that regulates everything related to brands and patents.
In recent years, besides fiat money, there have been some inventions related to new forms of exchanging value based in new technologies as blockchain, called...
A. Bitcoin
B. Inteligent Money
C. Smart Money
D. Cryptocurrencies
D. Cryptocurrecies
Consumers want prices to ___________ so they can earn spend less.
Producers expect prices to ___________, so they can earn more profit.
A. Increase, Decrease
B. Decrease, Increase
C. Increase, Increase
D. Decrease, Decrease
B. Decrease, Increase
A. Ottawa
B. Vancouver
C. Ontario
D. Washington
A. Ottawa
Draw a Graph that explains how a market works. Identify the elements in the graph.
Hint:
Supply + Demand = Market Equilibrium
Supply -
Demand -
Market Equilibrium -
Equilibrium Price -
Equilibrium Quantity -
What does S.A. de C.V. means?
Sociedad Anónima de Capital Variable
A bank granted to an individual a credit of $500,000 with an annual interest rate of 16% that needs to be paid in 5 years.
¿How much the individual will need to pay to the bank at the end if the interest rate is simple?
Simple interest = Principal x Interest Rate x Time
1. Simple interest = $500,000 x .16 x 5
2. Simple interest = $400,000
Amount of money needed to pay at the end = Principal + Simple Interest
Amount of money needed to pay at the end = $500,000 + $400,000
Amount of money needed to pay at the end = $900,000
According to each economic goal, write the correct economic indicator with its definition.
1. Keep the Economy Growing over time.
2. Limit Unemployment.
3. Keep Prices Stable.
1. GDP
2. Unemployment Rate
3. Inflation
How many States are in México? Name at least 5.
31 States and Mexico City.