
Econ Final Prep
Flashcard
•
Social Studies
•
12th Grade
•
Hard
Wayground Content
FREE Resource
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50 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Lowest legal wage paid. Varies by state.
Back
Minimum Wage
2.
FLASHCARD QUESTION
Front
The lowest rate banks charge their best customers.
Back
Prime Rate
3.
FLASHCARD QUESTION
Front
Risk takers in search of profits.
Back
Entrepreneurs
4.
FLASHCARD QUESTION
Front
The fundamental economic problem facing all societies.
Back
Scarcity
5.
FLASHCARD QUESTION
Front
Monetary value of all goods, services and structures produced within a country in a one-year period.
Back
Gross Domestic Product
6.
FLASHCARD QUESTION
Front
True or False? Competition is a very important aspect of a healthy market economy.
Back
True
7.
FLASHCARD QUESTION
Front
Government program which provides medical care for older Americans.
Back
Medicare
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