Cards in this guide (27)
What happens when demand for a good increases but its supply decreases
The price for the good increases.
What is one of the disadvantages of getting a government-sponsored mortgage
Government mortgages put a limit on the purchase price of a
house. Government mortgages take a long time and a lot of paperwork
to get approved.
Which of these is an example of a fixed expense
Using a budget is a good way to what
What does an amortization table show
``````````The principle and interest being paid on a
What makes a credit card more convenient than a debit card
It can be used to buy things without immediate payment.
What kind of a credit card can customers with a bad credit history get
One that's secured by collateral
Which of these most accurately describes the costs and benefits of using a credit card
Credit cards are convenient but can result in debt.
Why does a savings account make a better investment than a checking account
Savings accounts earn interest.
Maintaining a good credit history makes it easier to do what
Which of these allows someone to buy a car that costs more than he or she can afford
Why is a fractional reserve banking system necessary
To enable banks to loan out money to make a profit
How does use of cargo containers benefit the economy
The use of cargo containers benefit the economy by keeping
distribution costs low.
If your prediction is proven incorrect you should leave out all observations that don't support your prediction or simply change your prediction
Consumers use cost-benefit analysis in order to maximize what
Consumers use cost-benefit analysis in order to maximize
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
The government sets a price floor in order to protect what
Why is buying a house a better investment than renting an apartment
Renting an apartment is not an investment.
Mortgage payments increase the home-owner's equity.
What do banks do with some of the profits they make by loaning out the money in their customers savings accounts
They invest the money in high interest money markets and various
other accounts. They don't loan out their customer's savings
accounts, they loan out the money they make off these accounts.
Why might a company respond to a letter writing campaign launched by a group of concerned consumers
The letters contain a veiled threat that economic pressure could
What is a form of self-help financial aid
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
What describes the kinds of decisions that result from using cost-benefit analysis
An outcome with benefits that are greater than the costs.
How can consumers get the government to pass laws preventing companies from engaging in offensive behaviors
What states one opportunity costs of attending college
Takes time away from having a paying job
The government needs to provide to provide public goods for what reason
private companies can not benefit by providing them
Match each of the terms below with an example that fits the term.