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Chapters 1  & 2 Economics Quiz # 1
The term GDP refers to Gross Domestic Product?
What economic term describes rising consumer prices? Inflation
What is a tangible asset?  List at least 2 examples. Something you can touch Gold, Silver, Real Estate, Machinery, Works of Art
What is a bond? All of the above An agreement between governments. IOUs  that are meant to be repaid within a specific time period. A defined benefit. Ownership in a corporation.
Bonds Interest Hedging Entrepreneur Productivity Inputs versus outputs Reducing risks  Interest Bearing Security The cost of borrowing Takes a risk for profit Match the term to the definition

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Economics Quiz Show[1][1]

  • 1. Chapters 1 & 2 Economics Quiz # 1
  • 2. The term GDP refers to Gross Domestic Product?
  • 3. What economic term describes rising consumer prices? Inflation
  • 4. What is a tangible asset? List at least 2 examples. Something you can touch Gold, Silver, Real Estate, Machinery, Works of Art
  • 5. What is a bond? All of the above An agreement between governments. IOUs that are meant to be repaid within a specific time period. A defined benefit. Ownership in a corporation.
  • 6. Bonds Interest Hedging Entrepreneur Productivity Inputs versus outputs Reducing risks Interest Bearing Security The cost of borrowing Takes a risk for profit Match the term to the definition