Why is a fractional reserve banking system necessary
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Definition1/16
To enable banks to loan out money to make a profit
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Term1/16
Why are student loans usually guaranteed by the government
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Definition1/16
Banks don't have any collateral for student loans.
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Term1/16
How does use of cargo containers benefit the economy
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Definition1/16
The use of cargo containers benefit the economy by keeping
distribution costs low.
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Term1/16
When does Country X have an absolute advantage over Country Y in the production of corn
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Definition1/16
Country X can grow corn more cheaply than Country Y.
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Term1/16
What is most likely to push the price of a company's stock higher
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Definition1/16
An increase in demand for the company's stock
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Term1/16
Companies use offshoring in order to do what
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Definition1/16
Reduce labor costs
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Term1/16
When does Country A have a comparative advantage over Country B in the production of televisions
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Definition1/16
Country A has a lower opportunity cost for producing
televisions.
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Term1/16
Which is not a policy tool used by the Fed
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Definition1/16
Making tax cuts
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Term1/16
The government sets a price floor in order to protect what
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Definition1/16
A vulnerable industry
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Term1/16
Economics is about the production of goods and services which requires the allocation of what
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Definition1/16
Resources
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Term1/16
Match each type of tax with an example of its use apex
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Definition1/16
Though answer choices weren't listed I found an example. Sin tax
would be 10 percent on gambling winnings. Income tax would be 20
percent tax on wages that are earned. Excise tax would be thirty
cent tax on a gallon of gasoline. Consumption tax would be 9
percent tax on the sale of luxuries.
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Term1/16
What government policies pursues the economic goal of freedom
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Definition1/16
Freedom is not a goal of economics, but there is economic
freedom that allows all members,of a society to attain economic
viability.
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Term1/16
What is a not a way the fed can generate an increase in the money supply
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Definition1/16
Cutting taxes
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Term1/16
Which of the following promotes greater efficiency and lower prices by protecting competition
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Definition1/16
antitrust laws -apex :)
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Term1/16
Which of these is a disadvantage of buying a house instead of renting
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Definition1/16
Homeowners must pay for repairs themselves
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Cards in this guide (16)
Which of these is an example of a fixed expense
Rent
food
car payment
electric bill
Why is a fractional reserve banking system necessary
To enable banks to loan out money to make a profit
Why are student loans usually guaranteed by the government
Banks don't have any collateral for student loans.
How does use of cargo containers benefit the economy
The use of cargo containers benefit the economy by keeping
distribution costs low.
When does Country X have an absolute advantage over Country Y in the production of corn
Country X can grow corn more cheaply than Country Y.
What is most likely to push the price of a company's stock higher
An increase in demand for the company's stock
Companies use offshoring in order to do what
Reduce labor costs
When does Country A have a comparative advantage over Country B in the production of televisions
Country A has a lower opportunity cost for producing
televisions.
Which is not a policy tool used by the Fed
Making tax cuts
The government sets a price floor in order to protect what
A vulnerable industry
Economics is about the production of goods and services which requires the allocation of what
Resources
Match each type of tax with an example of its use apex
Though answer choices weren't listed I found an example. Sin tax
would be 10 percent on gambling winnings. Income tax would be 20
percent tax on wages that are earned. Excise tax would be thirty
cent tax on a gallon of gasoline. Consumption tax would be 9
percent tax on the sale of luxuries.
What government policies pursues the economic goal of freedom
Freedom is not a goal of economics, but there is economic
freedom that allows all members,of a society to attain economic
viability.
What is a not a way the fed can generate an increase in the money supply
Cutting taxes
Which of the following promotes greater efficiency and lower prices by protecting competition
antitrust laws -apex :)
Which of these is a disadvantage of buying a house instead of renting