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Economics

Brice Lemke ∙

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Term1/12

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

Definition1/12

GNP

Term1/12

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

Definition1/12

false

Term1/12

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

Definition1/12

false

Term1/12

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

Definition1/12

Inflation

Term1/12

A machine wearing out is an example of which of these

Definition1/12

capital consumption

Term1/12

The factors of production are the beginning of the process that makes up the

Definition1/12

gross nationaly product

Term1/12

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

Definition1/12

TRUE

Term1/12

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

Definition1/12

false!!

Term1/12

Is an organization that produces and distributes a good or service for profit called a business yes or no

Definition1/12

Yes

Term1/12

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

Definition1/12

Consumer price index

Term1/12

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

Definition1/12

Exports

Term1/12

Are gross domestic product and net national product equal

Definition1/12

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

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Cards in this guide (12)

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

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

Inflation

A machine wearing out is an example of which of these

capital consumption

The factors of production are the beginning of the process that makes up the

gross nationaly product

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!!

Is an organization that produces and distributes a good or service for profit called a business yes or no

Yes

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

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

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

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

Which of these describes a time deposit

Which of these statements represents what Thomas Malthus believed

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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