Busy. Please wait.
Log in with Clever

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever

Username is available taken
show password

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't Know
Remaining cards (0)
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

BJU History 5 Ch 7

Study help for history test 7

Communism or Capitalism? A manufacturer makes what the government tells him to make. COMMUNISM
Communism or Capitalism? The early days of colonial America had a government system similar to this modern government system. COMMUNISM
Communism or Capitalism? There is no real competition between businesses in this system. COMMUNISM
Communism or Capitalism? People can make their own choices about the way they earn money. CAPITALISM
Communism or Capitalism? People wait in long lines for food. COMMUNISM
Communism or Capitalism? A manufacturer makes a profit more easily in this system of government. CAPITALISM
Communism or Capitalism? The economy tends to be stronger in this type of society because it is easier for supply to meet demand. CAPITALISM
Communism or Capitalism? Prices may be low, but there may not be enough goods for everyone to purchase. COMMUNISM
Communism or Capitalism? The gas stations near one another keep lowering prices to bring in more customers. CAPITALISM
When there is not enough of a certain item that people need, what is that called? SHORTAGE
Definition: What and how much the consumer wants to buy. DEMAND
What exists when only one business sells a product? MONOPOLY
What occurs when prices go up? INFLATION
What is the extra money a company makes from its products called? PROFIT
What is the word for the way a country handles its money and materials? ECONOMY
What happens to a company when it spends more money than it makes? BANKRUPT
Land, water, and sunlight are examples of what? NATURAL RESOURCES
This man believed that in times of economic depression, government should spend money to help the economy. JOHN MAYNARD KEYNES
When a person refuses to visit a grocery store because they don't have their favorite product, what is that called? BOYCOTT
Name the central bank of the United States that controls the amount of bills and coins in circulation. FEDERAL RESERVE SYSTEM
Is competition a negative result of the law of supply and demand? NO
Does the government determine supply in the United States? NO
Does business slow down when there is not enough money in circulation? YES
What happened when settlers owned their own land instead of having group ownership? They produced more because they wanted to provide for their families.
Created by: 1348555001
Popular History sets




Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
restart all cards