Economics TEST

What is something you have to have to survive?

• Want

• Debt

• Need

• Profit

What is a plastic card linked to a bank account to allow you to spend money electronically?

• Credit Card

• Debit Card

• Bank Account

• Investment

What allows a user to charge money that they will pay back later?

• Debit Card

• Bank Account

• Credit Card

• Budget

What is something owed to someone else?

• Budget

• Debt

• Profit

• Equity

What is an estimate of income and expenditure for a set period of time?

• Debt

• Budget

• Investment

• Revenue

What is living within your means regardless of the level of those means? (You can pay your bills without going into debt)

• Financial Responsibility

• Profit

• Debt

• Equity

What term describes merchandise or possessions?

• Services

• Goods

• Equity

• Revenue

What is the condition of a region or group as it regards to prosperity (health of money in a certain country or state)?

• Economics

• Budget

• Debt

• Revenue

What is the human factor in production of goods or services in an economy?

• Capital

• Labor

• Resources

• Profit

What are the physical or financial resources used to start a business or create a product?

• Labor

• Capital

• Goods

• Services