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Economy
Jobs
Civilization
Government
Random Economic Facts
100
Money, jobs, and the flow of goods in a country/community
What is Economy
100
A measure of output from a production process, per unit of input.
What is Productivity
100
Measures average changes in prices received by domestic producers for their output.
What is PPI (Producer Price Index)
100
Central Intelligence Agency
What is CIA
100
Production - Consumption
What is Capital Formation
200
Freedom of choice and enterprise with the absence of government.
What is a Market Economy
200
The market value of all products and services produced in one year by labor and property supplied by the residents of a country.
What is GNP (Gross National Product)
200
measures changes in the price level of consumer goods and services purchased by households.
What is CPI (Consumer Price Income)
200
Products that increase the usefulness or value of other products?
What is Compliments
200
Fall in prices leading to the consumer to buy more
What is Piquo Effect
300
Government controlles everything in the economy
What is a Command Economy
300
Sustained, long-term downturn in economic activity in one or more economies.
What is Economic Depression
300
Court granted permission to not pay some or all of its debts which force it out of business?
What is Bankruptsy
300
Trading one good for another.
What is Readily Acceptable (Barter Trade)
400
An agricultural and more underdeveloped than most civilizations.
What is a Traditional Economy
400
A way to make money
What is Jobs
400
A business cycle contraction, a general slowdown in economic activity.
What is Economic Recession
400
A rise in the general level of prices.
What is Inflation
400
The amount borrowed?
What is Principle
500
The Factors of Production
What is Land, Labor, Capital, and sometimes Entrepreneurship
500
Something of value, Used as a trade or "buy off"
What is Money
500
A period of increasing business activity signaling the end of a recession.
What is Economic Recovery
500
A federal program of disability and retirement benefits that covers most working people?
What is Social Security
500
Persons and organizations that use or represent the factors of production?
What is Economic Institution