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Briana Kuhic

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Term1/20
In this department the Bureau of Economics provides an analysis of the nations economy including the GNP
Definition1/20

commerce

Term1/20
In which country did Adam Smith live
Definition1/20

Scotland

Term1/20
This form of business organization is used by some professional workers like doctors and lawyers
Definition1/20

Partnership

Term1/20
This function of money is accepted for buying clothes gas for your car or a ticket to the big game
Definition1/20

medium of exchange

Term1/20
What type of tax is imposed on all real and personal property of a deceased person
Definition1/20

estate (A+)

Term1/20
A company that has a home office in Tennessee and branch offices in New York and San Francisco has what type of business
Definition1/20

interstate

Term1/20
Inheritance taxes and excise taxes on luxury goods are examples of what type of taxes
Definition1/20

Progressive

Term1/20
On a graph what are the labels for the axes and the name called
Definition1/20

titles

Term1/20
Gross national product minus the capital consumed producing the GNP
Definition1/20

Net National Product

Term1/20
Karl Marx would have agreed with Adam Smith
Definition1/20

false

Term1/20
What is the most widely used statistical report for comparing economic trends called
Definition1/20

The most widely used statistical report for comparing economic trends is called "consumer price index".

Term1/20
Only one person is liable if the business fails
Definition1/20

proprietorship

Term1/20
If supply exceeds demand for a product what economic explanation occurs
Definition1/20

prices decrease

Term1/20
Which direction does the demand curve on a graph slant
Definition1/20

Right to left.

Term1/20
The factors of production are the beginning of the process that makes up the
Definition1/20

gross nationaly product

Term1/20
Is an organization that produces and distributes a good or service for profit called a business yes or no
Definition1/20

Yes

Term1/20
The formula of subtracting liabilities form assets will provide what
Definition1/20

net worth

Term1/20
Which of these terms could be associated with francois quesnay who studied the problems of agriculture and mercantilism
Definition1/20

physiocrat

Term1/20
Which of thesse ideas can be demonstrated best by geometric progression
Definition1/20

the population will exhaust the food supply

Term1/20
Choose the correct definition of a person who is bankrupt
Definition1/20

a person who cannot pay his or her debts

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Cards in this guide (20)
In this department the Bureau of Economics provides an analysis of the nations economy including the GNP

commerce

In which country did Adam Smith live

Scotland

This form of business organization is used by some professional workers like doctors and lawyers

Partnership

This function of money is accepted for buying clothes gas for your car or a ticket to the big game

medium of exchange

What type of tax is imposed on all real and personal property of a deceased person

estate (A+)

A company that has a home office in Tennessee and branch offices in New York and San Francisco has what type of business

interstate

Inheritance taxes and excise taxes on luxury goods are examples of what type of taxes

Progressive

On a graph what are the labels for the axes and the name called

titles

Gross national product minus the capital consumed producing the GNP

Net National Product

Karl Marx would have agreed with Adam Smith

false

What is the most widely used statistical report for comparing economic trends called

The most widely used statistical report for comparing economic trends is called "consumer price index".

Only one person is liable if the business fails

proprietorship

If supply exceeds demand for a product what economic explanation occurs

prices decrease

Which direction does the demand curve on a graph slant

Right to left.

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

gross nationaly product

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

Yes

The formula of subtracting liabilities form assets will provide what

net worth

Which of these terms could be associated with francois quesnay who studied the problems of agriculture and mercantilism

physiocrat

Which of thesse ideas can be demonstrated best by geometric progression

the population will exhaust the food supply

Choose the correct definition of a person who is bankrupt

a person who cannot pay his or her debts

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

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