Economics

Economics

Assessment

Flashcard

Other

12th Grade

Hard

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10 questions

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1.

FLASHCARD QUESTION

Front

What do you call to the payment for the use of land?

Back

rent

2.

FLASHCARD QUESTION

Front

Income less spending.

Back

savings

3.

FLASHCARD QUESTION

Front

Building up the capital stock for more future production and consumption.

Back

investments

4.

FLASHCARD QUESTION

Front

Classify: machineries, equipment, buildings and construction.

Back

capital

5.

FLASHCARD QUESTION

Front

It refers to the lowest wage permitted by law below which if paid by employer will subject him to penalty from the government.

Back

minimum wage

6.

FLASHCARD QUESTION

Front

Payment for public goods and services by citizens.

Back

tax

7.

FLASHCARD QUESTION

Front

It is consumed to fuel day to day expenditures.

Back

spending

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