Consumer Economics Final Exam Review

Consumer Economics Final Exam Review

Assessment

Flashcard

Other

11th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

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37 questions

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1.

FLASHCARD QUESTION

Front

The U.S. has which type of economic system? Options: Command, Mixed, Traditional, Pure Market

Back

Mixed

2.

FLASHCARD QUESTION

Front

If a stay-at-home parent is NOT seeking employment, are they part of the unemployment rate?

Back

No

3.

FLASHCARD QUESTION

Front

The amount of money the federal government owes is called the:

Back

National Debt

4.

FLASHCARD QUESTION

Front

The change in the price of goods over time for specific groups of goods is called the:

Back

Consumer Price Index

5.

FLASHCARD QUESTION

Front

Inflation is:

Back

The rise in the level of prices of goods/services

6.

FLASHCARD QUESTION

Front

A document that lists a person's income & expenses is called a(an):

Back

Budget

7.

FLASHCARD QUESTION

Front

Car payments and mortgage payments are examples of: Fixed expenses, Flexible expenses

Back

Fixed expenses

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