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Unit 1
Unit 2
Unit 3
Unit 4
Mixed Bag
100
Land, Labor, and capital are considered this when starting a business.
What are the factors of production?
100
A thermos and a lunch bag are considered this determinant in demand.
What is a complement?
100
The United States uses this type of tax to determine the income tax.
What is progressive?
100
One of Brazil's biggest exports
What is bananas (or coffee)?
100
These two items are the most smuggled items coming out of Cuba.
What are rum and cigars?
200
The barber is considered this factor of production.
What is labor?
200
North Korea has this economic system.
What is command?
200
This program assists medical costs for the elderly.
What is medicare?
200
This country has the largest export of machine parts.
What is the United States?
200
The currency of China
What is yuan?
300
Going on an expensive vacation instead of purchasing a car
What is opportunity cost?
300
China started with this economic system and currently has this economic system.
What are command and mixed?
300
Critics of social-insurance programs say people abuse these programs to get money. The term used to describe this type of practice is called...
What is fraud?
300
Convert $5 to Euros. Exchange rate: 0.78
What is 3.9 Euros?
300
Whether this goes up or down, it will not shift demand curve or supply curve by itself.
What is price?
400
There is not enough resources to meet one's wants.
What is scarcity?
400
The United States has a market system. However, this group's intervention keeps it from being a "true" market system.
What is the government?
400
Currently, the U.S. has budget _______ due to the increase spending on wars.
What is deficit?
400
The biggest problem with Haiti's road to recovery is this.
What is corruption? Or, Funds being distributed to American businesses?
400
Price of inputs, number of firms, taxes, and this determine whether the supply curve will shift to the left or right.
What is technology?
500
I have $500 to spend. I could spend it on textbooks, clothes, or a concert. My options are called this...
What are trade offs?
500
Change in population, change in income, substitutes, complements, and this will shift the demand curve.
What is change in preference/taste?
500
The majority of the fiscal budget is spent on this department.
What is defense?
500
Sierra Leone, Haiti, and this country are affected by corruption.
What is Indonesia?
500
Low GDP, Agricultural Economy, low literacy rate, rapid population growth, and this characteristic are common in developing countries.
What is poor health conditions?