WorksheetsMr.Backe's Econ Quiz
Total questions: 15
Worksheet time: 8mins
What is Free Trade?
Trade of two free items
Trade without tax
Trade without tariffs
Trade between people from the free world
What is Contraction
When you close your eyes
When you miss your opportunity to make profit
An economic downturn
An economic upswings
What is profit?
Money gained after paying all expenses
A loss of money
A camp full of monkeys around a fire
A bag of cold hard cash
What is speed-to-market?
How fast a person can run to the store
How fast a truck taking groceries to be sold can arrive
The speed at which a city block can be transformed into a market
The amount of time a concept takes to hit the open market
Demographics
Data about people and their decisions
The study of Great Apes such as Chimpanzees
People Watching
Hunting for answers by searching databases
Do nonprofits keeps their profits?
Yes
No
What is capital?
The materials a company uses to produce a product
The amount of a product a company has
What does the word "Pure" mean in business
Companies that have very different products
Companies that have very similar products
Companies that function with a good intent
Budget Surplus
When a company ends up with less money than it projected
When a company has extra money than it thought it would
What is macroeconomics?
Macro is economics on a large scale such as countries and the world in general
Macro is economics on a large scale such as countries and the world in general
What is Human Resources?
People who buy and sell others
Those who work with people within a company to help everything run smoothly
What is unemployment rate?
The amount of people working
The amount of people not working
What is E-Commerce
Buying and selling capital E's
Buy and Selling online over the WWW
What is Federal Debt
The amount you owe the government
The amount the government owes to the rest of the world
Debt we have as a nation
What are two pure companies
KFC and Gander Outdoors
Pepsi and Coke
Lululemon and GAP
