Economics Review Question Preview (ID: 44141)


Economics Review. TEACHERS: click here for quick copy question ID numbers.

Goods brought into the country
a) Gross Domestic Product
b) Law of Diminishing Returns
c) Exports
d) Imports

Material drawn from the Earth
a) Natural Resources
b) Interest
c) Gross
d) Inflation

Develop system of manufacturing
a) Export
b) Literacy Rate
c) Industrialize
d) Monolpoly

The longer you sell something, the less money you make
a) Consumer
b) Demand
c) Overhead
d) Law of Diminishing Returns

System of money in general use
a) Currency
b) Import
c) Export
d) Gross Domestic Product

Crop produced for its economic value (Not just to feed the farmer)
a) Gross
b) Net
c) Cash Crop
d) Interest

Value of a product goes down after purchase
a) Decapitate
b) Appreciate
c) Depreciate
d) Import

Value of a product goes up after purchase
a) Law of Diminishing Returns
b) Overhead
c) Gross
d) Appreciation

Gradual rise in all prices due to having more money in the system
a) Consumer
b) Depreciate
c) Inlfation
d) Capitol

How much people really need/want something
a) Law of Diminishing Returns
b) Demand
c) Gross
d) Overhead

People that make up the work force
a) Labor
b) Gross Domestic Product
c) Monopoly
d) Export

Percentage of people that can read or write
a) Depreciate
b) Consumer
c) GDP
d) Literacy Rate

Maximum enjoyment of a product
a) Maximum Utility
b) Gross
c) Capitol
d) Gross Domestic Product

Owning every aspect of a business
a) Monopoly
b) Gross Domestic Product
c) Export
d) Twister

Another word for trading without money
a) Consumer
b) Barter
c) Law of Diminishing Returns
d) Monopoly

Process of manufacturing from raw materials
a) Gross
b) Depreciate
c) Production
d) Overhead

Anyone that buys or uses something
a) Capitol
b) Monopoly
c) Consumer
d) Law of Diminishing Returns

Goods shipped out of the country
a) Law of Diminishing Returns
b) Barter
c) Exports
d) Imports

Taxes on imported products
a) Economics
b) Tarrif
c) Barter
d) Depreciation

Total money your country earns on exports
a) Gross Domestic Product
b) Interest
c) Law of Diminishing Returns
d) Demand

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