Personal Finance 2

Question 1

38% of people survive on $2 a day

Answer 1

True

Question 2

refers to money, financial assets

Answer 2

Capitalism

Question 3

A system of economies based on private ownership

Answer 3

Capitalism

Question 4

The development and movement of goods and services

Answer 4

Chain of Production

Question 5

Object that people can buy to satisfy their needs/wants

Answer 5

Goods

Question 6

Any activity that is done with a fee

Answer 6

Services

Question 7

Economics that combine command, market, traditional economies

Answer 7

Mixed economies

Question 8

Goods/services a country sells to other countries

Answer 8

Exports

Question 9

Economy where central government makes economic decisions

Answer 9

Command economy

Question 10

An economy based on private ownership, free rate, competition

Answer 10

Market economy

Question 11

Economy production based on tradition/customs

Answer 11

Traditional economy

Question 12

A person or group that makes goods/services

Answer 12

Producers

Question 13

Buys goods/services for personal use

Answer 13

Consumer

Question 14

Average years a person is expected to live in a country

Answer 14

Life expectancy

Question 15

The percentage in a country of people of the age of 15 and over who have the ability to write and read

Answer 15

Literacy rate

Question 16

Countries with strong economies and high quality

Answer 16

Developed Countries

Question 17

Total number of people in a given area

Answer 17

Population

Question 18

An official population count (U.S.A is every 10 years)

Answer 18

Census

Question 19

The amount of money that a household has available

Answer 19

Disposable Income

Question 20

Not a Primary Sector

Answer 20

Build a home

Question 21

Processing raw to finished

Answer 21

Secondary

Question 22

Not part of tertiary

Answer 22

Farming

Question 23

Process & distribute information

Answer 23

Quaternary

Question 24

Economy commonly seen in communism/socialism

Answer 24

Command economy

Question 25

GDP world wide leader who is well know (country)

Answer 25

U.S.A

Question 26

How society manages resource to produce and distribute

Answer 26

Economies

Question 27

Interactions between various countries

Answer 27

Globalization

Question 28

Economic system based on public or collective ownership of resource/production

Answer 28

Socialism

Question 29

Control amount of goods being used

Answer 29

Rationing

Question 30

Total market value of goods and services produced by a country for a specific time period

Answer 30

Gross Domestic Product