NAME

Question types


Start with


Question limit

of 42 available terms

Advertisement Upgrade to remove ads
Print test

5 Written questions

5 Matching questions

  1. credit union
  2. economics
  3. default
  4. disposable personal income
  5. economic interdependce
  1. a economic activities in one part of the country or world affect what happens elsewhere
  2. b social science dealing with the study of how people satisfy seemingly unimited and competing wants with the careful use of scarce resources
  3. c personal income less induvidual income taxes; total income available to the consumer sector after income taxes
  4. d non profit service cooperative that accepts deposits, makes loans, and provides other financial services
  5. e the act of not repaying borrowed money

5 Multiple choice questions

  1. risk-taking induvidual in search of profits;one of four factors of production
  2. stage of production where output increases at a decreasing rate as more units of variable input are added
  3. set of assumptions in a table, graph, or equations used to describe or explain economic behaviors
  4. unemployment directly related to swings in a business cycle
  5. type of elasticity where the percentage change in the independent variable (usually price) casues a more than proportionate change in the dependent variable (usually quantity demanded or supplied)

5 True/False questions

  1. equilibrium pricea measure of responsiveness that tells us how a dependent variable such as quantity responds to a change in an independent variable such as a price

          

  2. externalitya measure of responsiveness that tells us how a dependent variable such as quantity responds to a change in an independent variable such as a price

          

  3. division of laborinterest rate that the federal reserve system charges on loans to the nation's financial institution

          

  4. distribution of incomeway in which the nations income is divided among families, induviduals, or oter designated groups

          

  5. eurosingle currency of European Union

          

Create Set