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Economics

Cortez Stoltenberg ∙

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∙ 2y ago

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Term1/15

What is the total of all goods produced in a year called

Definition1/15

GNP

Term1/15

In a period of inflation there are too many goods and not enough money

Definition1/15

false

Term1/15

Caveat emptor means that the producer will be protected against fraudulent business practices but must protect the consumer

Definition1/15

false

Term1/15

What is the period of time when the overall economic conditions are improving called

Definition1/15

expansion

Term1/15

Which of these terms defines a time when there is an increase in money and a decrease in goods

Definition1/15

Inflation

Term1/15

Ongoing financial reports are usually calculated by an index in developing an index what is the most important thing to do

Definition1/15

select a base year

Term1/15

Who was the leader of the AFL

Definition1/15

Samuel Gompers

Term1/15

Fewer jobs are available and unemployment is rising during which of these times

Definition1/15

recession

Term1/15

Non-durable goods are those things which wear out quickly like stockings shoes pencils and paper

Definition1/15

TRUE

Term1/15

Aggregate means that the majority agree with a concept or theory true or false

Definition1/15

false!!

Term1/15

A sales tax on gasoline is and example of what type of tax

Definition1/15

A sales tax on gasoline is an example of sales tax.

Term1/15

Whinch of these terms is included in the definition of commerce

Definition1/15

construction of highways.

Term1/15

Which of these is the most widely used statistical report for comparing economic trends

Definition1/15

Consumer price index

Term1/15

What are goods produced inside the US that are sold and shipped for use in other countries called

Definition1/15

Exports

Term1/15

Are gross domestic product and net national product equal

Definition1/15

(gross national product or GNP) minus depreciation = net national product

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Cards in this guide (15)

What is the total of all goods produced in a year called

GNP

In a period of inflation there are too many goods and not enough money

false

Caveat emptor means that the producer will be protected against fraudulent business practices but must protect the consumer

false

What is the period of time when the overall economic conditions are improving called

expansion

Which of these terms defines a time when there is an increase in money and a decrease in goods

Inflation

Ongoing financial reports are usually calculated by an index in developing an index what is the most important thing to do

select a base year

Who was the leader of the AFL

Samuel Gompers

Fewer jobs are available and unemployment is rising during which of these times

recession

Non-durable goods are those things which wear out quickly like stockings shoes pencils and paper

TRUE

Aggregate means that the majority agree with a concept or theory true or false

false!!

A sales tax on gasoline is and example of what type of tax

A sales tax on gasoline is an example of sales tax.

Whinch of these terms is included in the definition of commerce

construction of highways.

Which of these is the most widely used statistical report for comparing economic trends

Consumer price index

In a period of inflation there are too many goods and not enough money

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Economics

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Economics

What is the total of all goods produced in a year called

John Maynard Keynes applied his theories to the problems of what crisis

In a period of inflation there are too many goods and not enough money

Why will producers and suppliers have a surplus of goods during a time of deflation

Economics

What is the total of all goods produced in a year called

In a period of inflation there are too many goods and not enough money

Caveat emptor means that the producer will be protected against fraudulent business practices but must protect the consumer

What is the period of time when the overall economic conditions are improving called

Economics

What is the total of all goods produced in a year called

Since the 1980s what has happened to the US share of domestic car sales

In this department the Bureau of Economics provides an analysis of the nations economy including the GNP

In a period of inflation there are too many goods and not enough money

Economics

What is the total of all goods produced in a year called

Since the 1980s what has happened to the US share of domestic car sales

In this department the Bureau of Economics provides an analysis of the nations economy including the GNP

In a period of inflation there are too many goods and not enough money

Economics

What is the total of all goods produced in a year called

Since the 1980s what has happened to the US share of domestic car sales

In this department the Bureau of Economics provides an analysis of the nations economy including the GNP

In a period of inflation there are too many goods and not enough money

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