Unit 2.01 Economic Basics Review
Authored by Rebecca James
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12th Grade
Used 2+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following could financial planning help you do? (Select the best answer.)
Plan for retirement.
Understand how money is printed
Avoid paying taxes.
Spend more money than you earn.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The following example is of someone who is a producer of either goods or services.
Bethany is a nurse who treats people in the hospital.
Goods
Services
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The following example is of someone who is a producer of either goods or services.
Kanesha sells bicycles.
Goods
Services
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You prepare all the food for a friend's party, and the friend pays you for it. This makes you a _____________.
Producer
Consumer
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The 3 functions of money are....
Medium of Exchange
Store of Value
Unit of Account
Producers
Consumers
Entrepreneurs
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The real estate market is categorized in which 2 ways?
Producers
Consumers
Medium of Exchange
Store of Value
Commodity
Location
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a country's GDP?
A country's GDP is the amount of money that have stored up for the future
A country's GDP, or gross domestic product, is the value of the goods and services produced in that country.
A country's GDP is the medium of exchange produed every year
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